Property Development across the UAE continues to flourish

Over the past ten years more than $300 billion in new projects have been put into development across the UAE alone, with the GCC property market continuing to fuel the economic growth of the entire Middle East.

One of the Gulf's leading property development firms, Tameer Holding, has been spearheading this boom with their groundbreaking developments in the Emirates. Their portfolio of projects across the country include the world's tallest tower in Dubai, the Princess Tower and the state-of-the-art AlSalam City, an epic project based in the Emirate of Umm Al Quwain, being developed at a cost of AED 30 Billion and set to accommodate half a million residents. It is within the unsuspecting Emirate of Umm Al Quwain that Tameer Holding, have also announced the completion of their Emirates Industrial Area.

Considered as one of the most ambitious and unique projects of its kind, the Emirates Industrial Area is a town sized development that focuses exclusively on industrial interests. The plan of the area incorporates commercial, industrial and residential activities, featuring labor camps, shops and large scale storage facilities. Complimenting the nearby development of AlSalam City, the entire industrial area has been constructed on a total space of 80 million sq. feet at a cost of $ 68.2 million (AED 250 Million). 'We are pleased with the scheduled completion of this vast project.' said Tameer Holdings President Omar Ayesh. 'Unlike many other projects of this scale, the Emirates Industrial Area has been fortunate enough to be completed without suffering from any delays and is testament to the fact that Tameer are committed to bringing to their investors a service that is unrivaled in professionalism, quality and style.'

Last year, a large circulation of activity by these same investors, saw their buying and selling of transactions brake local record levels, achieving more than AED. 500 Million. With a location situated within the short distance of a 15 to 25 minute drive from the neighboring emirates of Ajman, Sharjah and Dubai, analysts say that it is of no surprise that the popularity of the Emirates Industrial Area has been so acute.

'Investors will be happy to know that this sophisticated and advanced development is now open and available to them for their business and industrial needs and I for one am excited to see this area and the surrounding emirate flourish because of their presence.' Mr. Ayesh added.

The dynamic real estate market of the UAE has resulted in the country achieving the status as the highest ranking nation in the entire Middle East for investment and with projects like the Emirates Industrial Area continuing to be designed and developed; it is likely that it will retain that position.

Formed through a strategic partnership between Al-Rajhi Investment Group & Tameer Property Establishment, Tameer Holding had entered the thriving UAE property market with the world's tallest tower 'Princess Tower', located in Dubai Marina, the Dana 1 & Dana 2 projects in International City, Al Shahd in the International City, Al Diyad in Dubai Silicon Oasis, The Regal Tower in Business Bay, AlSalam City in Umm Al Quwain, and Al Ameera Village in Ajman. Today, the firm's investment portfolio in the market totals AED 40 billion.