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Thursday, November 26 - 2009

Burooj Properties unveils three projects as part of Dhs50bn investment in property development

  • United Arab Emirates: Wednesday, May 14 - 2008 at 07:14
  • PRESS RELEASE

Burooj Properties, a leading real estate company in the region, has started implementing projects worth over Dhs18b in the UAE, as part of its total investment of Dhs50bn in property development in the region by 2010.

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The company is showcasing three mega projects at Cityscape Abu Dhabi from May 13 to 15: Al Gurm Gardens near the new Abu Dhabi City, Burooj Views at Reem Island in Abu Dhabi , mega project in 6 October city in Egypt and Sharjah Marina.

"We are showcasing our ongoing developments in Abu Dhabi and Egypt at Cityscape, following our successful launch of Sharjah Marina at last December's Cityscape Dubai," said Adel Al Zarouni, Managing Director, Burooj Properties.

"Cityscape is an ideal platform for our stakeholders to have a comprehensive perspective of our projects and also to showcase our breadth of expertise in the real estate industry."


The "Al Gurm Gardens" is an Dhs500m complex of villas, boasting Smart building features, including Touch buttons for lights, A/C and security, round the clock security guards, CCTV monitoring of public areas and all modern amenities gym and health club, full-size swimming pool, multipurpose playground, Children's area and Fenced garden for each stand-alone villa. The project boasts distinctive architectural design, with beautiful landscaping with spacious green areas and multiple recreation choices.

The project enjoys a strategic location and the area of each villa will be around 4124 square feet.

"Burooj Views", a residential tower located at Reem Island, has been designed to satisfy the most demanding buyer, offering a range of one, two and three bedroom apartments with spacious layouts, high quality finishes and panoramic views. Facilities include luxurious Round the clock security, CCTV monitoring of public areas and inside all apartments, high speed elevators, bright hallways with open views, underground car parking facilities, modern gym and health club and full-size swimming pool.

Al Zarouni said: "Burooj Properties is supporting the strategy to strengthen the economy of Abu Dhabi and enhance its position on the world map. We are fully geared to meet the demands of our wide base of international, regional and local investors and customers. We are confident individual and corporate investors can expect exceptional returns on investments from our projects."

The third project, Sharjah Marina, which was launched last December, is a Dhs15bn marina carved into Sharjah's Al Khan peninsula, exclusively for Arab nationals. A scaled-down model of Sharjah Marina, a 10 million sq. ft. project will include hotels, malls, homes and museums that will bear Islamic and Arab motifs in line with the emirate's image as the region's "Cultural Capital." The waterfront development is specifically designed for people who demand modern facilities without compromising traditional Islamic values. A 2-km long canal will run through the Marina, which will also have an amphitheater, an Ottoman mosque, a public beach, a "family oriented" park, food courts, spas and offices.
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Notes and media contacts

Burooj Properties LLC is a solely owned subsidiary of Abu Dhabi Islamic Bank. The company which was established in 2005 with a working capital of Dhs500m constitutes the property investment arm of Abu Dhabi Islamic Bank. With more than 5 years of experience in the real estate business, Burooj Properties is actively engaged in several mega projects in the region.

For more information, please contact:

Mirvat Zeid, Associate Account Manager
Virtue Marketing Consultancy
P.O.Box 191931, Dubai, United Arab Emirates
Tel: +9714 2637760
Fax: +9714 2637780
Mobile: +97155 9281414

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