"The development works at Skycourts are proceeding to plan," said Adel Ahmad Lootah, CEO of National Properties.
"The raft pour development marks a milestone in Skycourts with the first apartment scheduled to be delivered in 2009. With this complete, the above ground construction work of the 24 level towers will commence with the structure becoming highly visible from now on."
Skycourts located in Dubai land on the Al Ain road, which comprises 2,300 luxurious yet affordable apartments, is the first real estate project to be developed by National Properties with the objective of offering distinctive homes and lifestyle options to the multinational community in the UAE.
The project, evoked overwhelming response when it was launched last year with all the units on offer sold out to National bondholders in six days.
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National Properties completes concrete foundation at Skycourts
- United Arab Emirates: Thursday, March 06 - 2008 at 09:50
- PRESS RELEASE
National Properties, wholly owned subsidiary of National Bonds Corporation, has achieved another landmark in the construction of the Dhs1.5bn Skycourts development with the completion of the concrete pouring of the foundation, commonly known as the 'raft pour'.
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Notes and media contacts
For further information, please contact:Amit Jauhri
Marketing Director
National Properties
Tel: +971-4-3678888
Nizar Saab/Sara Hamam
ASDA'A Public Relations
Tel: +971-4-3344550,
Fax: +971-4-3344556
About National Properties
National Properties is a wholly owned, full-service real estate subsidiary of National Bonds Corporation that would offer distinctive homes and lifestyle options to the multinational UAE community. A Shari'a compliant entity, overseen by NBC's Fatwa & Shari'a Supervisory Board for all of its financial aspects including operations and investments, National Properties seeks to identify, develop and maintain unique opportunities in the property market for the prudent deployment the National Bonds Corporation investments earmarked for real estate developments. The development initiatives of National Properties will accord top priority to the needs of the local community while ensuring good returns for the National Bonds holders.
Posted by Lara Lynn Golden, News EditorThursday, March 06 - 2008 at 09:50 UAE local time (GMT+4)
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