ACW Holdings commences construction in Jumeirah Village

Jumeirah Village represents a significant part of the developer's portfolio with three developments in the district, Hanover Square, Kensington Manor and Knightsbridge Court.

ACW Holdings' General Manager Ian Pask said:

"The first property developments that we took to the market were in Jumeirah Village and it is an area that we expect to play an important role in Dubai. The scale and location of Jumeirah Village will make it one of the most vibrant residential and business communities specifically designed for people who live and work in Dubai. For these reasons and on behalf of our investors, we are very excited to begin construction of these developments and to be part of Jumeirah Village."

ACW Holdings entered the UAE property market in 2005 with the launches of Knightsbridge Court and Kensington Manor in the UK market. The success of these developments influenced ACW Holdings' investment-led approach to property and this strategy has resulted in a diverse property portfolio. This also led the company to expand into commercial property with the launch of The Light Commercial Tower earlier this year.

Summarising their approach to property development in the UAE, Ian Pask added "We have consistently traded with the professional property investor, those individuals who view property as a long term investment and our property developments comprises a professional investment portfolio of the highest quality which offer up to 26% return and a transparent investment model. Commercial office space is still in demand and there are a lot of regulatory challenges facing new businesses in Dubai."

"By analysing and evaluating the market forces, yields, performance and the potential of new business in Dubai, this approach led us to develop The Light Commercial Tower which has proved to be a very successful approach for ACW Holdings and our clients."