Al Badie Group (ABG) Property Development plans to attract a broader European customer base.

The company also sponsorsed Russia's leading luxury lifestyle exhibition - Extravaganza Moscow which concludes today (October 27).

The UAE has been catching the attention of both Russian tourists and investors alike, and it seems that ABG is now making its move to capitalise on that trend.

'Russia is one of our key markets, and in the last few years, Extravaganza’s visitors in Moscow have expressed increased interest in the investment projects taking place in the Emirates.  Our goal now is to directly talk to end users and investors about our Shams Abu Dhabi project in Al Reem Island, which will ultimately benefit and sustain the long term economic development of the region,” said president of ABG Mohammed Jo'an Al Badie.

Investing in real estate in Abu Dhabi is now considered a safe opportunity that reaps excellent return on investments. With low interest financing available, diverse mix of developments to choose from, international attractions (the Guggenheim, the Louvre, Formula 1 etc.), and a booming economy with the emirate's GDP at over $ 41 billion, all of the factors point towards an increased demand for properties. 

“The real estate spotlight in the Gulf has now turned onto Abu Dhabi and the city is proving extremely attractive to high-end foreign investors,” added managing director at Cornerstone Tarek Nizameddin.

“We have seen an upward trend in the number of Russian investors who have approached us and we will be present at Extravaganza to capitalise on this interest,” he added.

The property market in the UAE is growing with a mix of local, regional and international investors: individuals, funds, companies and real estate investment trusts. ABG has entered the market, and is contributing to the exceptionally aggressive market that is approaching record prices.

The $190million project is currently in the pre-launch phase and exclusive sales agent, Cornerstone, has already sold 50 per cent of the 371 units. Sixty per cent of the sold units have been purchased by end users and the remaining 40 per cent have been purchased by investors.- TradeArabia News Service