Burooj completes construction on Al Gurm Gardens within 7 months

Government intervention was noticeable with plans and actions to help the real estate market function better, accelerate the recovery process and stimulate developers to complete existing projects.

In this regard, the Abu Dhabi government's policy to face the downturn has boosted investor confidence, while the Abu Dhabi Economic Vision 2030 has helped open new vistas for investment, and has provided a comprehensive plan for the diversification of the emirate's economy, including a reduced reliance on the oil sector as a source of economic activity.

Thus, the stability of the real estate sector in the emirate, despite the global downturn, is not a surprise.

As a result, Burooj Properties, the real estate arm of Abu Dhabi Islamic Bank (ADIB), a master developer of mega projects in the UAE and the region, has been successful in the launch, execution and completion of its Al Gurm Gardens villas at Al Reem Island, adjacent Khalifa Park and Abu Dhabi International Airport.

The project's 80 villas boast a strategic location, and each villa covers around 4124 square feet, with the building totaling floor space of approximately 285000 square feet. The project launched in January 2009, and the company has been able to complete construction works within 7 months. The finishing works on the villas have now commenced, with handover confirmed for the end of this year.

Managing Director, Adel Ahmed Al Zarouni, commented:

"The achievement at Al Gurm Gardens is proof that risks can be avoided by adopting appropriate planning, whatever the market conditions are. We believe that a number of factors must be considered before investment is injected into any region of the world. The most important factor is the investment location. We have selected Abu Dhabi, as the UAE's capital has become a destination of choice for real estate investment due to the visionary urban development plans adopted by the government. This policy ensures a sustainable market growth and balance on a long term basis."

"The post crisis property market is far different from that of the pre-crisis period, as the current focus of the developer is the end user, who, in turn, seeks a safe, healthy and environmentally friendly home alongside innovative design and architecture. We have pledged to meet all of these requirements in our project," he added.

Al Gurm Gardens is an Dhs500m complex of villas, boasting smart building features, including touch buttons for lights, air-conditioning and security, round the clock security guards, CCTV monitoring of public areas, and additional modern amenities such as a gym and health club, full-size swimming pool, multipurpose playground, children's area and fenced garden for each stand-alone villa. The project boasts a distinctive architectural design, as well as beautiful landscaping with spacious green areas and multiple recreation choices.