Nationwide Middle East Properties, the leading real estate brokerage company in Abu Dhabi, has revealed their success in selling out 60% of the projects launched during Cityscape Abu Dhabi.
Mr. Ameen Al Qudsi – the company’s CEO – said that Nationwide’s participation during the last edition of Cityscape Abu Dhabi was very positive, where the company welcomed numerous visitors and clients interested in buying property in Abu Dhabi.
Al Qudsi added that the exhibition showed a rising interest in buying property in various areas in Abu Dhabi, especially with the liquidity in the market and banks race to offer easy financing with a reasonable interest rate.
He also added that the company showcased two Aabar developments in Al Reem Island, in addition to a building developed by Manazel in Al Reef 1.
Al Qudsi pointed out that a great number of units was sold from The Kite Residences tower located in Shams Abu Dhabi on Al Reem Island, which is 28 stories high and offers 168; 2 Bedroom and 3 Bedroom apartments, in addition to Al Durrah tower in the Marina Square area in Al Reem Island and is 47 stories high offering around 300; 1-Bedroom, 2-Bedroom, 3Bedroom and 4-Bedroom apartments.
Al Qudsi pointed out the high rise in demand in Al Reem Island coming as a result of increased servicing and facilities in the Island and also its close proximity to service centers in the center of Abu Dhabi, mentioning that the price per square foot in Al Reem is estimated at around 1300 AED. He also complimented the success of the company in selling more than 80% of a residential tower in Al Reef 1, explaining that the tower was 37 stories high; with 1-Bedroom, 2-Bedroom and 3-Bedroom apartments.
Al Qudsi also mentioned that “Al Reef Project” is witnessing a large increase in demand especially since the project targets the middle-class sector willing to own residential units where the price in Al Reef 1 is estimated to be at 750 AED per square foot.
He added that the last period shows a trend in leasers shifting to become buyers, especially with the rising rent prices of Abu Dhabi which raises the demand for freehold property in the emirate.
Al Qudsi also complimented the usage of his company to advanced marketing strategies for the residential units in the emirate of Abu Dhabi, clarifying that the company has launched an Excellency program that offers VIPs the chance to roam around available property in an office prepared van that fulfill all their needs on the spot.
Al Qudsi concluded that Nationwide is considered a leader in the real estate market that adopts engineered customer care approaches for investors in the Abu Dhabi market, through various media that help in supporting and developing the real estate sector in the emirate.