Dr Kharbash opens exhibition for two luxury Egypt apartment developments

Several dignitaries and senior officials attended, including Abdul Aziz Daoud, the Egyptian Consul General in Dubai. The show runs until June 13 at the Al-Bustan Rotana Hotel, Dubai.

"These two apartment projects in Egypt demonstrate our ability to create opportunities not only locally but internationally. We are sure that they will prove as successful as earlier GREDC ventures," said Dr. Kharbash.

Global Real Estate Development Co. (GREDC) is capitalising on its success in the local luxury real estate market with the Egypt schemes. "Once again we are bringing the highest quality real estate to the Middle East market. Cairo riverside property is amongst the most desirable and sought-after in the entire region," said Obaid Naser Lootah, GREDC's Managing Director.

A subsidiary of Dubai Islamic Bank, GREDC is targetting the projects, which set new standards in quality of finish and convenience of access in the Middle East's biggest city, at Egyptian and Arab expatriate real estate investors. Freehold properties are available at both complexes, positioned at premier locations in Cairo's fashionable modern district just west of the River Nile.

The first, Golden Island Gardens, in the shadow of Muneib Bridge, will have Nile views and its own private jetty with direct access to the river. It boasts two-bedroom apartments on average 140 square metres in size. The largest is 233 square metres.

Combining ease of access to some of Cairo's leading new shopping facilities, Golden Island Gardens is the choice of the discerning real estate investor.

The second, the 17-storey Gulf Tower, is situated on one of Greater Cairo's biggest intersections, Arab League Square in Mohandeseen, and is conveniently located on the new express road linking the east and west of the city and adjacent to the city's new ring road. It contains three-bedroom apartments, villa and office complexes.

"We hope that GREDC customers will continue to benefit from the opportunities, made available on Islamic terms, that exist in markets throughout the region," said Dr Kharbash. GREDC served notice of its success earlier this year with the near instant sell-out of its apartments at its Al Seef Tower complex in Dubai Marina.