Luxury Real Estate Development announces new offers for Mangrove Place at IREIS

The property is a mid-rise waterfront development with fantastic terraces and balconies offering uninterrupted canal and sea views.

Situated adjacent to the prestigious Sky Tower, a future iconic building within the Shams Abu Dhabi Development on Reem Island, Mangrove Place offers a range of 1, 2 and 3 bedroom apartments and a limited selection of townhouses and penthouses. These European style homes have well planned layouts with spacious terraces and balconies to maximize indoor/outdoor living as well as space and light. The cleverly designed interiors are complimented by neutral, contemporary finishes to create a modern home. Mangrove Place facilities include fully fitted and kitchens with appliances, access to a luxurious swimming pool, fully equipped gym and manned 24 hour reception. Each property will have private car parking.

Lubna Al Ruzeiqi, Sales Manager of LLJ Property exclusive sales agents for the development, describes the projects appeal to the Abu Dhabi Market; "These units provide an ideal live/work environment for those seeking close proximity to the office combined with downtown cosmopolitan living. Young professionals, singles, couples and families will all appreciate and value the easy access to coffee shops, restaurants and boutiques in the heart of the Shams commercial district, and close to the centre of Abu Dhabi."

Luxury Real Estate Development was established in 2006 to develop well-designed, competitively priced property for the Abu Dhabi market and was one of the first developers to launch within the Shams Development. Luxury's CEO, Ausama Zubaidi considers Abu Dhabi one of the world's most exciting and emerging cities; 'The future plans for Abu Dhabi include the creation of major real estate developments that will impact on the global investment market appealing to both local and international audiences.

Luxury Real Estate Development's will be high quality, intelligently designed projects, which will contribute to this developing market and allow us to make a name for ourselves as a forward thinking developer.'

Zubaidi, together with Dr Wisam Al Somaidaai, Chairman of LRED, bring a wealth of expertise and experience to their developments. Their skills in Construction Management, Property Development, and Business Development are combined with a strong team of architects, designers, real estate agents and marketing specialists who work together from the initial planning stages through to conclusion, creating viable projects for the Capital.

The skillful design of Mangrove Place allows Luxury and LLJ Property to market units at more affordable prices than similar property types being developed by other companies in the Abu Dhabi real estate sector. For the end consumer this means the opportunity to invest in a one bedroom apartment with LRED at the comparable price for a studio elsewhere, a two bed for the comparable price of a one bed elsewhere, and so on.

Exhibiting at the Abu Dhabi Real Estate and Investment Show (IREIS), commencing today, Luxury Real Estate Development and their exclusive sales agents LLJ Property invite interested parties to visit them at Stand 157 at the Abu Dhabi National Convention Centre during IREIS, from 30th January to 2nd February 2008. LRED are offering properties at Mangrove Place for investors who purchase during the first two days of IREIS at 2007 prices.