Asian investors pump Dhs9bn into UAE property market in 2007

Driven by the huge potential of marketing its developments to Asian-based investors, Bonyan International Investment Group has participated at the recently concluded Cityscape Asia 2008, where it showcased its Dhs3.5bn project portfolio.

As one of the five real estate companies that represented the UAE at the event, Bonyan's participation was aimed at increasing its penetration in the Asian market to further reinforce its presence in the international real estate arena.

With industry experts projecting further growth in investment opportunities within the UAE real estate market, investors from India, Pakistan and Iran continue to patronise commercial, residential and mixed use spaces within the country's most sought-after developments.

Backed by a strong portfolio of high value real estate offerings and an array of value added services, Bonyan's strategy is to develop more unique projects that can deliver outstanding investment returns.

In addition to favourable economic and geographical conditions, the involvement of governments through several landmark legislations being enacted across the seven emirates has further positioned the UAE as regulated and investor-friendly market.

"Our aim is to gain a worldwide repute as a developer of high value single development and large-scale community projects and build a project portfolio worth Dhs10bn in the next three years. Being able to penetrate and thrive within the highly competitive regional real estate market is truly overwhelming, and the next step for us is to venture out and seek a broader market for our high value offerings. For us to be able to realise this vision, we are continuously exerting much effort to bring foreign investors to the country by underlining the outstanding business prospects in the country through events such as this,"

said Eng. Abdullah Atatreh, Chairman, Bonyan International Investment Group.

Visitors and participants at the three-day exhibition gained a clearer overall perspective of the booming real estate landscape of the UAE and the Middle East region, and the outstanding investment opportunities being offered by Bonyan through its current development projects such as Dubai Gate 1 and 2, Sharjah Gate and ABBCO Tower.

The developer also showcased its full suite of integrated and research-based services, which include project management and value engineering, sales and marketing, and investment and feasibility, which are being offered across all Bonyan offices in Dubai, Abu Dhabi, Muscat, Qatar and Amman.

"As one of the five developers from the UAE that took part in this event, we were very excited to showcase our portfolio of commercial, residential and mixed use projects, which accurately represents the amazing progress of the real estate market in the country. Participation in international events of this magnitude undoubtedly presents numerous advantages, not only in driving sales but also in expanding our networks and gaining valuable partnerships with other global players, and this year, we are confident that the results of our presence will exceed the outstanding opportunities that events of this kind have previously opened up for us," concluded Atatreh.