• HSBC

AMS to increase focus on its leasing business, while it continues to concentrate on sales this Cityscape

  • United Arab Emirates: Wednesday, April 15 - 2009 at 11:38
  • PRESS RELEASE

Aswaq Management and Services (AMS), the Abu Dhabi-based mixed-use property consultancy, sales and leasing company, today announced its plan during Cityscape Abu Dhabi 2009.

The company's main focus at the four day exhibition will be its leasing business, while it continues to focus on its sales business.

And to make the most during the show the company will be launching the leasing of Park Rotana, the mixed-use project consisting of residential and commercial space in Abu Dhabi.

At the show, the company will also commence sales of the nearly completed and soon ready to move in residential project known as Danat Al Khan based in Sharjah. Moreover, AMS will also lead an 'expression of interest' survey for Carina Views, the luxurious residential 4 towers project in Najmat Abu Dhabi.

This survey will probe investors' interest in the freehold sales of the project - which is scheduled to launch later in the year by The National Real Estate Company from Kuwait.

In his comments on the high-profile participation and launch of leasing at Cityscape Abu Dhabi, H.E. Nasser Mohammed Al Nowais, Chairman of AMS, said:
"During 2008, 59% of our total revenue was contributed by leasing & sales services. 27% of this retail leasing services and 32% from residential and commercial sales and leasing activities. In 2009 we forecast stronger growth in the leasing business and are determined on going full steam ahead by reinforcing our leasing services this Cityscape."


Park Rotana is a mixed use project consisting of high end offices, state of art hotel and hotel apartments and luxurious residential buildings of exclusive 1, 2 & 3 bedroom apartments.

This project is conveniently located in the heart of Abu Dhabi between the Central Business District and the new Capital District which makes it the premium business promenade in the city.

Danat Al Khan is the state of art residential tower located in the prime Sharjah water front with 360 degrees water views. Easy access to Sharjah and Dubai, world class amenities of separate male and female swimming pools and Gym along with 24 hour security make Danat Al Khan an unmatched living experience.

Originally focused on retail commercial projects such as the management of shopping malls, AMS has in recent years expanded its services to meet the market demand for similar services for residential and commercial properties. AMS and its regional affiliates in the GCC-Levant region are also under assignment to handle consultancy, leasing and management for various projects in the region.
Park Rotana.
Park Rotana.
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Notes and Media Contacts »

About Aswaq Management & Services:
Aswaq Management & Services represents French company Société des Centres Commerciaux (SCC) in the GCC area. It was established in Abu Dhabi in 1999 as a joint venture between H.H. Sheikh Mohammed Bin Suroor Al Nahyan, H.E. Nasser Mohammed Al Nowais and SCC.

SCC was established in 1962 and is involved in over 70 projects in Europe. Now, AMS and its affiliates have imported SCC's experience and adapted it to the local property market and represent a formidable force with considerable expertise in the consultancy, sales & leasing and management of Mixed-Use Properties.

For further information, please contact:
Zylfi Husenaj
Aswaq Management & Services
Tel: + 971 2 645 7733
Fax: + 971 2 645 7737
or
Ashutosh Gupta
BPG Public Relations
Tel: +971 4 295 3456
Fax: +971 4 295 1027

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