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Zaya takes the lead at Russia Investment Roadshow

  • United Arab Emirates: Monday, November 10 - 2008 at 16:51
  • PRESS RELEASE

Zaya LLC, the UAE-based ultra-luxury real estate developer, is a title sponsor at the Russia Investment Roadshow taking place over two days at the Atlantis Hotel in Palm Jumeirah.

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  • Zaya's CEO, Nadia Zaal.
    Zaya's CEO, Nadia Zaal.
The event begins with the Russian Rhapsody VIP Gala Dinner in Abu Dhabi, at which Zaya's CEO, Nadia Zaal, is keynote speaker.

The decision to sponsor the Russia Investment Roadshow is part of Zaya's drive to strengthen relationships with the affluent Russian community; investors and buyers alike. During the inauguration evening, Nadia Zaal, CEO of Zaya LLC, addressed a gathering of distinguished members of the Russian and local community saying; "Tonight, we celebrate the coming together of two of the biggest players in today's global economy, and celebrate our two nations' belief that this investment roadshow actually comes at a good time where savvy investors not only recognize golden opportunities but seize them. Tonight celebrates two world winning cities which are together redefining the very essence of 21st century global competitiveness".

"Russia is a prominent player in the luxury industry today. Russia's economy has experienced unprecedented growth in recent years. It has the world's third largest concentration of billionaires, and over 100,000 multi-millionaires who have a combined net worth of $300bn,"


she added

According to a report issued by leading investment bank, Merrill Lynch, by 2009 Russia will be the world's fastest growing luxury goods market, accounting for 7% of the world's market for luxury goods, with a minimum of 15% growth year on year over the next five years

The Russia Investment Roadshow is an intensive interactive event focusing on investment opportunities in Russia and the continuing growth of Russian investment abroad. It will play host to industry movers and shakers, CEOs, bankers, investors, government figures, journalists and other opinion leaders from the Russian Federation and the UAE.

A spokesperson for Eventica, organizers of the Roadshow says:
"Zaya has the
kind of unique offering which is highly appealing to the Russian market given its unquenching thirst for luxury."


In addition to luxury goods, the demand for high-end real estate both in Russia and internationally, is rapidly accelerating. In New York City alone, Russia represents the largest contingency of foreign buyers, not to mention such noteworthy real estate transactions as the purchase of Donald Trump's beachfront mansion in Palm Beach, Florida, by a Russian oligarch, Dimitry Rybolovlev for $95m (the most expensive residential sale recorded in the USA).

Zaya made news in May 2008 with the spectacularly successful launch of its inaugural project, Nurai Island, the uber-luxury, exclusive residential and tourist development under construction off the coast of Abu Dhabi.

In its October 2008 issue, Nurai Island was described by Newsweek as "the most luxurious project in the world".
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Notes and media contacts

About Zaya
Zaya LLC is a joint venture between Tasameem & Assas Real Estate, whose portfolio is in excess of $15bn, formed to create a distinct brand of iconic property developments. Nurai, Zaya's first entry into the Abu Dhabi market offers an exclusive community of limited edition beach-front estates and water villas along with all the services and comforts of a boutique resort. Zaya brings together a world-class team poised to capture the imagination of the world and is set to create similar stunning icons across the Middle East, Europe, and Asia.

About Nurai
Nurai is an exclusive residential and tourist development under construction off the coast of Abu Dhabi. An island of inspiration and unparalleled lifestyle, Nurai is designed to provide residents with generous plots of land, panoramic sea views and the utmost level of privacy. Nurai is home to a single, world-class, boutique resort and a limited number of breathtaking exclusive Beachfront Estates and Water Villas.

Each perfectly designed residence includes a private beach with unobstructed sea views, exclusive private amenities, pools, docks, and boat slips as well as the luxury facilities of the Island, 24 hour service access from the hotel, a celebrated brand luxury spa, world class fitness centers, and a multitude of water activities. The island's many amenities include a private helipad and marina with arrivals lounge.

Residents and guests of the Nurai project will benefit from the island's proximity to Abu Dhabi's Saadiyat Island, which will be home to the new Guggenheim and Louvre museums, as well as a championship golf course, an arts centre and concert hall.

For press enquires, please contact:
Farah Ibrahim
TRACCS
Tel: +9714 3672530
Fax: +9714 3672531

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