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Monday, November 30 - 2009

Aldar showcases remaining Al Zeina precinct at IPS

  • United Arab Emirates: Monday, February 18 - 2008 at 08:52
  • PRESS RELEASE

Following the successful sales recorded at the recent Abu Dhabi Real Estate and Investment Exhibition (IREIS), Aldar, the renowned Abu Dhabi-based international property developer, is showcasing Al Zeina and Al Muneera, which are located on its Al Raha Beach development, at this week's International Property Exhibition in Dubai.

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  • Al Zeina is located on Al Raha Beach development.
    Al Zeina is located on Al Raha Beach development.
During the IREIS in Abu Dhabi, the leading developer realized rounding success topping Dhs600m in sales during the show, and continued to sell an additional Dhs200m immediately following the exhibition. Aldar plans to continue this performance over the coming week at the Dubai exhibition.

"We have seen that exhibitions give customers a chance to interact with the nature and personality of our developments, while also talking to our team who are passionate about these extraordinary projects," said Ronald S. Barrott, CEO Aldar Properties.

"The Al Raha Beach development blends luxurious landscapes, modern living amenities and also comply with international ratings systems for sustainable construction, known as Leadership in Energy and Environmental Design Buildings Rating System (LEED). Showcasing Al Raha Beach projects such as the Al Zeina precinct and Al Muneera attract the interest of show attendees, not only due to the lifestyle being offered, but also because we combine luxury with environmental responsibility and international best practices."


Set to be handed over in December 2009, the first phase sales launch comprised 30% of the total project. Al Zeina contains luxury residential apartments, townhouses and beach front villas, private boat moorings, retail high street with local supermarket and shops, waterside restaurants and cafes, 500-metre public beach with landscaped gardens, luxurious shared gardens and open spaces.

"The extremely high sales during IREIS were as expected," commented James Khazaei, Head of Sales and Leasing, Aldar Properties. "The market knowledge displayed by the customers who purchased property in recent exhibitions indicates that they are taking careful consideration in where they want to live and the property they choose to invest into. Aldar's developments encompass many aspects of modern living from luxury, accessibility to environmental consciousness. The consideration that we put into our projects in this regard is part of our value proposition and this is evident to our buyers."

The exhibition runs from the 17th - 19th February in the Trade Center, Dubai.
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Notes and media contacts

About Aldar Properties
Aldar Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. The company was formed as the result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004. Aldar Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. Aldar Properties PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.

The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate such as Central Market, Al Raha Beach, Coconut Island, Noor Al Ain, Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building, and the YAS Island project which is to include a Warner Bros theme park.

In August 2007 Aldar announced its expansion into Malaysia via a tie-up with South Johor Investment Corp (SJIC) in a deal that represents the largest foreign real estate development in Malaysia.

For more information, press only:
Vyshali Akkaraju
Buchanan Middle East
Mob: +971 50 250 5410

Rana al Bechara
Buchanan Middle East
Mob: +971 50 455 5853

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