Several major UAE based developers showcased their key developments to visiting investors and partners from more than 80 countries. Among them, Sorouh Real Estate launched its retail property brand Boutik, aimed at enhancing the lifestyle experience at some of its major developments.
The Abu Dhabi based developer will open its first Boutik branded space in Sun and Sky Towers on Al Reem Island in June this year, hosting the first ever Waitrose supermarket in Abu Dhabi. In the second half of the year, Sorouh will also open the grade A shopping mall, Boutik Al Ain, home to a Carrefour hypermarket.
Gurjit Singh, Chief Operations Officer at Sorouh said: “Cityscape Abu Dhabi continues to be one of the most important real estate exhibitions in the MENA region, and we continue to support this annual gathering to demonstrate our commitment to Plan Abu Dhabi 2030 and the long-term vision for the economic development of the emirate.”
Baniyas Investment and Development Company (BIDC) also showcased its award winning development, Bawabat Al Sharq project, in Bani Yas city. The investment and development arm of the Bani Yas Club had a busy year in 2011, when they launched the luxurious Andalucian style villas on Bawabat Al Sharq. The distinct three, four, and five bedroom villas were the focal point of BIDC’s exhibition stand at Cityscape Abu Dhabi this year, and will begin to be handed over to owners by the end of 2013.
“Cityscape Abu Dhabi is the most important real estate show in Abu Dhabi, providing a unique platform to learn of the latest market updates of the regional real estate industry,” said Wael El Ashry, Commercial Vice President at Baniyas Investment and Development Company.
“Being a key player in the real estate industry, Baniyas Investment and Development Company participated this year to gain an overall analysis of the current real estate market scenario, as well as to showcase our flagship developments.” While major local real estate developers were busy providing the updates for ongoing developments in the UAE capital this year at Cityscape Abu Dhabi, several other exhibitors were attempting to attract would-be investors to the opportunities available to them on a global scale.
Leading the pack was the UK based realtor and developer Knight Knox International, which launched two separate projects at Cityscape Abu Dhabi, including the Laguna Beach Resort Two in Pattaya, Thailand — a collection of 1,100 luxury freehold studio, one bedroom, and two bedroom condominiums, and the luxury Sea Caves Residences on the west coast of Pafos, Cyprus.
Meanwhile, BuildUp Real Estate was looking to lure Middle East investors and end-users to some of the most pristine Mediterranean real estate that Greece currently has to offer.
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