The selection process is scheduled for Tuesday, July 5, under the supervision of the Director General of the Abu Dhabi Chamber of Commerce & Industry along with the international auditor Ernst & Young.
"Our call centre registered over 21,000 prospective purchasers and as a consequence of this extensive interest in Al Raha Gardens, we believe that a properly supervised random allocation process is the fairest way to give each potential purchaser an opportunity to buy," said ALDAR's CEO, Christopher Sims. "To ensure complete transparency and fairness for all applicants, we have therefore instigated a carefully controlled and audited process to achieve this"
Prospective purchasers whose names are selected will then be offered one unit per person, per passport, in strict order of selection. ALDAR will then contact them to arrange appointments to complete their purchases on either Monday or Tuesday, July 11 or 12 in the same selected order.
Any applicant who cannot attend at the allotted time will lose his/her opportunity to purchase. Successful purchasers will be required to pay a deposit of 15% of the sale price by personal cheque upon reservation, with the balance on construction completion of the property.
Browse
related articles
Second phase of Al Raha Gardens to be released for UAE nationals
- United Arab Emirates: Sunday, July 03 - 2005 at 10:45
- PRESS RELEASE
ALDAR Properties PJSC has announced that Phase 2 of its Al Raha Gardens development will now be sold through an audited random selection process due to the unprecedented number of National applicants who registered to buy.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information from Aldar Properties
Notes and media contacts
ALDAR Properties PJSC is a premier real estate development, management and investment company headquartered in Abu Dhabi, UAE. The company was formed as a result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004.ALDAR Properties PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.
The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate, such as the Central Market in Abu Dhabi, the Al Raha Beach Development in Umm Al Nar, the Mubadala Development Company - ERWDA Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain, Jebel Hafeet Resort in Jebel Hafeet, Al Ain, and the Al Mudheef Urban Regeneration Scheme in Al Mudheef.
ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors.
For more information, please contact Ousama Ghannoum, Marketing and Communication Director of ALDAR on 02 6336886 or visit our website www.aldar.com or contact Sareem International ALDAR's corporate communications advisers on the numbers below:
Abu Dhabi Office
Tel.: +971 (2) 6771196
Fax: +971 (2) 6790060
Dubai Office
Tel.: +971 (4) 343 3688
Fax: +971 (4) 321 1988
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, July 03 - 2005 at 10:45 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds