Dubai Properties attracts GCC investors at International Real Estate Exhibition in Abu Dhabi

Dubai Properties' stand covered 108 square meters and showcased the master plan of the Business Bay, and a model of the newly launched Vision Tower. Information and brochures for Dubai Properties' other projects namely Jumeirah Beach Residence and The Villa at Dubailand were also available at the stand.

The 4-day property show took place at the Abu Dhabi International Exhibition Center from the March 22nd to 25th.

"Our participation in International Real Estate and Investment Show comes after a successful exhibition in France at MIPIM 2006. In both exhibitions we have noticed a trend towards commercial investments in the regions, particularly from GCC countries which have booming economies as well. Their confidence in our projects is a sign that we are on the right track, providing what investors are looking for," commented Hashim Al Dabal, CEO of Dubai Properties.

The Business Bay development has been the main attraction for investors and businessmen from the GCC. Stretching from Ras Al Khor along Al Khail Road to Sheikh Zayed Road, Business Bay offers world class infrastructure and free hold status to commercial enterprises.

The Executive Towers in Business Bay were the first projects announced in the development by Dubai Properties. The twelve towers feature residential, commercial, hospitality and retail sections, all centrally linked by shaded pathways and open courtyards along the extended Creek.

Earlier Dubai Properties had announced that extension work on Dubai Creek is proceeding on schedule and 3.2km have been completed so far.

Dubai Properties also reported increased interest in its new venture Vision Tower, a stand-alone free hold office tower located at the main entrance of Business Bay. The 60-storey tower offers 500,000 square feet of customized office space behind an iconic bent glass façade overlooking Sheikh Zayed Road and the waterways of Business Bay.

"Vision Tower is quite popular among exhibition visitors and this is the first exhibition in the UAE where we have showcased this tower since its launch last month. The contemporary architecture and glass exterior of the building appeals to the vision of a modern Dubai,"

concluded Al Dabal.

The IREIS 2006 is the only exclusive international platform for the real estate industry and allied sectors to meet and network with home buyers and investors from the UAE, one of the most buoyant and promising property markets of the GCC region.