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Saturday, November 28 - 2009

Asteco leases 100 per cent of retail space in Souk Madinat Jumeirah

  • United Arab Emirates: Monday, July 05 - 2004 at 13:59
  • PRESS RELEASE

Asteco Property Management, the UAE's leading real estate specialists has succeeded in leasing 100 per cent of the retail space in Souk Madinat Jumeirah, a recreation of a traditional souk, with beautiful architecture and interesting walkways, set amidst meandering waterways and located at the heart of Madinat Jumeirah, the Arabian Resort in Dubai.

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Madinat Jumeirah is a part of Jumeirah International, the Dubai-based luxury hospitality group.

Elaine Jones, Managing Director, Asteco Property Management said, "Souk Madinat Jumeirah with its wind towers and domes features a perfect mix of major retailers, restaurants, bars, and coffee shops all set within an Arabian style and richly designed landscapes. The souk style environment contributes to the changing face of retail to service the growing tourism market in Dubai".

The development, apart from offering a unique retail experience, will also feature a night club, music bar, a theatre seating up to 424 people, an amphitheatre for 1000 people as well as waterfront dining and entertainment.

Major retailers who have confirmed their space in the self contained sanctuary include Marina Gulf Trading, Sun & Sand, Plug Ins, Persian Carpet House, Areej, Ounass Fashion, Ounass (Al Tayer Group), Celine Fashion, The Tie Stop, Un jour un sac, Zayoon Tarrab Trading, Mirage Glass, MMI, Mirage Mille, Summaira Isaacs, Gallery One, Arabian Workshop, and Foto fun.

Madinat Jumeirah is the latest addition to the Jumeirah International portfolio. Enhancing Dubai's reputation as one of the world's most idyllic destinations, the resort will offer the ultimate Arabian experience against the setting of a highly luxurious, world-class, multi-facility resort. Madinat Jumeirah will include two five star boutique hotels and clusters of 340 rooms and suites in traditional summer houses all featuring authentic architecture reflecting the heritage and culture of Dubai and the U.A.E. Mina A' Salam, the Gateway to Madinat Jumeirah, opened in September 2003 and will be followed by the complete resort this summer.
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About Asteco
The UAE's largest property management company, Asteco, was formed in Dubai in 1985, with Elaine Jones as one of the Managing Partners. Over the years, Asteco has become synonymous with quality real estate development, through their involvement in many of the projects that have defined the landscape and physical infrastructure of the UAE.

Today Asteco is renowned throughout the region for its outstanding professionalism, service and an essential combination of local and international expertise.

Asteco is therefore the undisputed expert used by many of the region's top property owners, developers and businesses to fulfill their property requirements through the use of the latest on-line technologies to ensure that owners and tenants alike can access the information they want whenever they want it.

The sales division of Asteco plays a key role in the implementation and execution of business strategies and developments, joint marketing with strategic partners and clients as well as identifying potential investors in the Middle East, Far East and Europe. Other than local properties, Asteco also carries an impressive portfolio of International properties in countries that include UK, Ireland, Malta, France, Australia, Spain and the United States.

They also provide professional financial advice, especially on the structure of prices on upcoming real estate projects and counselling of individual and institutional investors, whilst continuing to focus on client needs and long-term relationship building.

Asteco's outstanding growth and diversification over the last two decades has developed through a reputation for excellent customer service and local industry knowledge and experience.

To summarise, Asteco has taken a leading role in the Dubai & Abu Dhabi property scenes, from complete agency services for both leasing and sales, development advice, building management, valuations, marketing and feasibility studies for residential, commercial and retail developments.

Issued on behalf of ASTECO Property Management. For further information, please call Shereen Dury at octOpus on 04 2868275 or 050 7690087

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