Burooj Properties exhibits Dhs18bn worth of properties at Acres Middle East 2008

Burooj Properties, the Abu Dhabi-based subsidiary of Abu Dhabi Islamic Bank (ADIB) and a developer of added-value, innovative residential and commercial real estate projects in the UAE and the MENA region, will exhibit properties worth Dhs18bn at Sharjah International Investment and Real Estate Exhibition (Acres Middle East 2008), which will be held for the second year at Sharjah Expo on 15-18 December 2008.

Spread over a land area of 10 million square feet at Sharjah's Al Khan Peninsula, Sharjah Marina boasts three luxury waterfront hotels, one of the largest shopping malls in Sharjah, Islamic-inspired museums, and offices and residential towers that will feature iconic designs. A two-kilometer water canal will run through the marina which comprises an amphitheatre, an Ottoman mosque, public beach, parks, food courts and spas.

Burooj Properties will also exhibit three of its residential towers being developed on Al Reem Island in Abu Dhabi - Burooj Pearl, Burooj Terraces and Burooj Crystal.

These 26, 40 and 48-storey buildings will have 213, 270 and 322 apartments respectively comprising studio to one to three-bedroom apartments.

The towers' stylish modern facilities and amenities offer essential conveniences of an urban lifestyle. These include 24-hour security, state-of-the-art facility management systems such as automatic temperature control, air quality control, lighting, waste disposal system and CCTV monitoring, among others. With their ultra-luxurious design, elegant finishing, convenient location and premium surroundings the towers will undoubtedly be an attraction for potential investors.

"Acres Middle East, through in its second round, has grown to be one of the region's leading real estate shows that provides industry players, such as Burooj Properties, the platform to showcase our projects and master development before a high quality audience," said Mr. Adel Al Zarouni, Managing Director of Burooj Properties.

Noting that Burooj Properties' participation at Acres Middle East last year was a tremendous success, Al Zarouni said: "We are very confident that this year, Burooj Properties' presence at the show will result in positioning the Company prominently in the industry. Sharjah is a promising and burgeoning realty market. The fact that it is the cultural city of the UAE and home to many cultural landmarks is a definite attraction to any investors. Our flaghship project in Sharjah is a testimony of Burooj Properties' strategic approach in tapping potential markets."

As the gold sponsor of the show, Al Zarouni said: "Our sponsorship of Acres Middle East 2008 highlights Burooj Properties' commitment in supporting industry shows that help raise the profile of the local and regional real estate sector."