Plus Properties unveils Dhs300m Blue Dolphin Center at Cityscape Abu Dhabi 2008

Within less than a year since the company's inception, its portfolio of prestigious projects is now worth over Dhs4.16bn.

The announcement was made at the second edition of Cityscape Abu Dhabi that kicked off yesterday and will continue until May 16th at the Abu Dhabi National Exhibition Center.

'As a key player in the region's booming real estate market with a primary focus on the UAE, we look forward to consolidating our presence and strengthening our ties with our current and prospective business associates and regional and international investors. Cityscape Abu Dhabi provides Plus Properties with an opportunity to contribute towards the capital's buoyant real estate scene,'

said Georges Chehwane, CEO of Plus Properties.

Plus Properties unveiled its world-class project - the Blue Dolphin Center, at the exhibition. Designed by the prestigious firm of Hilal and Partners and valued at Dhs300m, the Blue Dolphin Center will be one of the first freehold office and retail centers to be located at Abu Dhabi's fêted Al Raha Beach. The project will consist of executive suites that are designed as per the highest quality standards and equipped with the latest technology, services and superior amenities that are ideal for any size and type of company. The office suites will range from 1200 sqf to 6000 sqf and will enjoy beautiful views of the waterfront.

Creating a magnificent new gateway into Abu Dhabi, Al Raha Beach promises to be the Gulf's most spectacular new address - one of the great water cities of the world. Spread lavishly across 500 hectares, the development is located on the beach side of the main highway leading into Abu Dhabi from Dubai. Made up of eleven precincts, Al Raha Beach is home to a variety of dynamic commercial projects and relaxed beachfront communities. The development aspires to be a waterfront home to residents and a global tourist attraction offering its customers the best hotels, marinas, parks, restaurants and numerous leisure facilities linked together by a splendid network of canals and bridges.

'Cityscape events have emerged to rank as the leading B2B real estate investment and development events in the world. They constitute platforms and forums that celebrate the very best in real estate, architecture, urban planning and design from around the world. We are confident that this event will turn out to be a runaway success and that our participation at this premier event will result in higher visibility for our brand.'

'We also look forward to using this opportunity to share some of our future plans including the upcoming launch of the Ashrafieh and Verdun Residential Towers, with professionals in the industry and the general public,' Chehwane concluded.

Since its inception, Plus Properties has employed the most innovative strategies to maximize value for its investors and clients. Having quickly grown its portfolio of luxury developments to include the immensely successful Wave Residence 1 and Pixel Tower at Madinat El Arab-WATERFRONT Dubai and Sky Gardens, located on the impressive Al Reem Island in Abu Dhabi, the company has drawn up aggressive expansion plans aiming to position itself as a dominant player in the booming Middle East real estate market.

Plus Properties is working on 2 major residential projects in the UAE including the upcoming Beirut Residential Towers - Ashrafieh and Verdun, which are currently in the pre-launch stage, to be announced shortly. The company will also be shortly announcing landmark projects in Lebanon and Jordan.

Plus Properties will showcase its portfolio of luxury developments at Cityscape Abu Dhabi at its stand 1E20 in Hall 1.