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According to the prominent Emirati businessman, the government is continuing to support infrastructure and market development, the banking system, and new property regulations.
These confidence-building and economic initiatives are therefore encouraging developers to pursue their projects and customers to have faith to invest.
Mr. Al Moosa is optimistic about the recent actions of the Real Estate Regulatory Agency (RERA) to protect the buyers, specifically the end-users from dubious developers. "The new regulations will protect everyone," he explained.
Furthermore, Mr. Al Moosa said:
"We at Falconcity of Wonders want to show the market that we are committed and ready to pursue future developments and investments. Those who have invested with us have already properties that are purposely secure in an intimate community designed with lifestyle appeal and quality assurance."
FCW is a purpose-built mega project within Dubailand, featuring structures based on famous sites and the architectural marvels of the world, such as the Pyramids, the Hanging Gardens of Babylon, the Eiffel Tower, the Taj Mahal and the Leaning Tower of Pisa. The city is shaped to represent the falcon, emblematic of the UAE's heritage.
The project is spread over an area more than 41m square feet and will combine various commercial, residential, educational and leisure amenities with entertainment facilities, and will include apartments, villas, shopping malls, hotels, restaurants, health clubs and spas, and schools and parks.
FCW is developed by one of the Salem Ahmad Al Moosa enterprises founded in 1975. The group is involved in various fields of operations, namely: contracting and civil engineering; manufacturing of reinforced plastic, concrete, gypsum and fibrous gypsum; supplying and applying of special exterior texture coatings; oil protection; general trading and distribution of electrical appliances, and oil and gas related services, among others.
Posted by Rima Ali Al Mashni
