ACI eyeballs Dhs10bn for UAE property as global currencies rush into local markets

The investments to-date include the 3 sports legend commercial towers, known as the "Trilogy" project situated along Dubai's upmarket Business Bay; with another 5 new towers soon to be launched in Abu Dhabi.

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Speaking recently at an investment meeting with other German investors, Robin Lohmann, CEO of ACI Real Estate said, "The UAE property market offers significant opportunities for hard currency investors. The global fluctuations in interest rates and imminent slump in the US will continue to divert funds globally to pockets such as the emirates which offer sterling opportunities for ready investors. What is more, the emerging clarity provided by the long term economic vision of both Abu Dhabi and Dubai signal sustainable gains for commercial and residential space, as well as sustained pricing. Such fundamentals make for healthy gains for the prudent investor."

ACI has rapidly raced to the spotlight on the Dubai property front with the announcement of three iconic buildings named for sport legends, Michael Schumacher, Niki Lauda and Boris Becker. The towers, "Trilogy", as it has come to be known, is valued at over Dhs2.2bn with 1.33m GFA (gross floor area), earmarked for completion in 2009/10, situated along the upscale Business Bay district, where property prices are set to soar. "With time these will stand both as local landmarks, as well as global reference points on one of the region's most prestigious addresses."

Increasing investor value
ACI Real Estate currently has plans for a total of thirteen commercial and residential towers investment slated for Dubai and Abu Dhabi. Several of the buildings sold within hours of coming to market, to ready investors across Europe.

ACI's vision reflects its focus toward building not only sustained value for savvy investors, but more importantly, focused portfolios consistent with economic fundamentals of populace growth, and developing infrastructure. The company has a cache of investors largely from German-speaking Europe, and the emirates. The developments, said Lohmann, offered investors the rarest of all opportunities," to be part of the blueprint of a city that the world has come know and respect."

Emirates offer focused opportunities
"Our vision is to become increasingly valuable to our investors, their expectations are high, and the emirates offer opportunities not readily found in cities with similar infrastructure, and growth prospects," concluded Lohmann

The Trilogy development on Dubai's Business Bay is valued at a crisp 2.2bn and will be concluded with the launch of the Boris Becker Business Tower on 24th February 2008. Developments in Abu Dhabi are already underway as Lohmann sets high sights on new opportunities in the capital.