"As the first home to be completed on Nurai, The Beachfront Estate is a premium property, and its sale will channel some much needed financial benefits to our chosen charity partners. In times of economic downturn, it is paramount that every organization takes responsibility for and works towards the revival of the local community."
The first Nurai home is one of the island's luxurious Shoreline Beachfront Estates - with a built-up area of approximately 12,960 sq ft (1,205 square meters), 6 bedrooms and 7 bathrooms, a double storey atrium, a private beach and a private pool - offering an expansive sense of space and spectacular views of the Arabian Gulf.
Zaal reiterated Nurai's solid investment potential as an ultra-luxurious, exclusive and sustainable private island community by saying: "Zaya's joint venture partners bring a wealth of experience and strong financial backing to the project, putting us in a confident position to face the current industry challenges. A shortage of properties of this calibre in the region means that investors can count on profitable returns and consistently high rental yields."
In creating a vibrant, well-planned and sought-after island development, Zaya expects the long-term equity of the properties to steadily appreciate, particularly with Abu Dhabi's financial stability and sustainable growing economy as the backdrop to Nurai.
One of the fastest growing cultural, entertainment and business capitals of the world, Abu Dhabi's GDP is expected to triple to about $300bn in 2025. The city's leading position is expected to continue over the next few years as the city's development plans continue aggressively.
Nurai, Zaya's flagship project, offers its residents a private island retreat combining tranquillity and seclusion just minutes away from this emerging city. The project consists of a combination of 31 beachfront estates, 36 water villas, and one boutique luxury retreat due for completion in Dec 2010.
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Posted by Rima Ali Al Mashni
