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Thursday, December 3 - 2009

Asteco gives buyers a foot on the property ladder

Asteco is offering an exclusive mortgage package to buyers of danatQatar at the Qatar International Real Estate & Investment Exhibition (Q-REX) 3-6 March.

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For a limited time only, buyers of danatQatar can secure their purchase with a QR50,000 down payment instead of the 10% down payment currently required. danatQatar is situated in the Pearl Qatar's Porto Arabia district and offers 1,2 and 3 bedroom apartments.

Asteco Qatar General Manager David Oayda stated "We're always looking for ways to provide added value to our customers, and this special offer provides our buyers with one of the best opportunities currently on the market to own a property in the prestigious Pearl Qatar Development."

danatQatar promises to deliver an unrivalled living experience to its buyers, boasting sea or lagoon views for all of its apartments and state-of-the-art facilities. Sales in the development are going strong, with 90 of the 230 already sold. The development is scheduled for completion in April 2009.

Also on display at Q-REX will be Asteco's Marina West development, Bahrain's first gated beachfront development offering a private beach and marina and Sukoon Tower, a luxury waterfront tower, with landscaped recreational areas and views overlooking Bahrain's attractive bay area.

Asteco's experienced team of personnel will also be on hand at Q-REX to provide information and advice to those interested in buying or investing in Qatar and the region's booming real estate market.
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Notes and media contacts

Asteco is an international property services company based in Dubai and is the UAE's leading property services consultancy with over 5,000,000sq ft of real estate under their management, including The Palm, Jumeirah development in Dubai. Asteco offers complete property agency services including leasing and sales, development advice, property management and marketing and feasibility studies for residential, commercial and retail developments.

Capital Investment is an international investment and real estate development company, involved in the full service value chain of real estate investments, encompassing development, investment and fund management across the residential, commercial, retail, mixed use and hospitality spectrum in the GCC and MENA region, as well as selective markets in Europe and the Indian Ocean.

Released on behalf of Asteco by Hill & Knowlton - for further information or to arrange an interview, please contact:

David Oayda
General Manager
Asteco, Qatar
Tel: +974 449 7700

Kerry Morris
Senior Account Executive
Hill & Knowlton, Qatar
Tel: +974 418 1292

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