Fakhruddin Properties to participate at this year's International Property Show

Fakhruddin Properties, one of the UAE's leading up and coming real estate developers, has announced it's participation in the International Property Show (IPS) 2008, the first major property event of 2008 , which will be held at the Dubai International Exhibition Center starting from February 17 till 19.
Fakhruddin Properties who recently opened escrow accounts for several of its leading developments including the Maimoon Twin Towers, the Coral International Hotel Apartments, the Lake Central Towers and the Grand Lagoon, will be showcasing these and several others of it's major Dubai based residential projects to perspective investors, home buyers and the international media during the three day exposition.

'The International Property Show is one of the largest events of it's kind, not only in the region but in the world.' said the Management of Fakhruddin Properties. 'It will feature the participation of regional and international decision makers from this rapidly growing multi-million real estate sector, so it is only appropriate that Fakhruddin Properties should represent itself at the event.'

On display at IPS 2008 will be the firm's signature trilogy of towers which come under the Trafalgar banner. The Trafalgar Central, Trafalgar Executive and the Trafalgar Tower are luxury residential towers located in International City's 'Central Business District' boasting an array of plush state-of-the-art facilities.

The developer's twin tower project, the Dhs1.2bn the Maimoon Twin Towers will also be promoted. Expected to be completed by 2010.

Also to be showcased at the event will be The Coral International, a smart-home enabled freehold development located in Dubai Sports City.

Also projects in Dubai Silicon Oasis and Business Bay will also be featured. Located in Business Bay, the Lake Central towers is a commercial tower featuring a total of 104 offices in addition to a business centre and a conference room.

Meanwhile the Grand Lagoon, a premier freehold residential project located on the Dubai Creek, is anticipated to be one of the most eye-catching projects based in its area.

Speaking of the escrow accounts available for all of these developments, Mr. Yousf Fakhruddin the CEO of Fakhruddin Properties said 'We are glad to open such accounts for these projects and we will soon announce the opening of escrow accounts for the rest of our developments.'

An escrow account is a safety account for buyers of off-plan units from developers where they pay in installments during the course of the construction of the project until completion and delivery of the unit to the buyer.

Mr. Fakhruddin added, 'These escrow accounts not only protects our investors interests but also underscores the integrity and commitment of Fakhruddin Properties in the development of its projects, in a manner that is consistent with the evolution of this maturing market.'

He later said 'Our contribution to the UAE's fruitful industry is significant, making a sizable impact on the local market. They say that the region is going through an economic renaissance with property being at the forefront of this development, thus we as a rapidly growing organization are proud to be a part of this growth.'