Burooj to unveil $4.9bn projects at Sharjah expo
Sharjah, December 14, 2008
Burooj Properties, the Abu Dhabi-based subsidiary of Abu Dhabi Islamic Bank, will showcase properties worth Dh18 billion ($4.9 billion) at the upcoming Sharjah International Investment and Real Estate Exhibition (Acres Middle East 2008).
The expo, which is being held for the second year at Sharjah Expo, runs from December 15 to 18.
A developer of added-value, innovative real estate projects in the UAE and the Mena region, Burooj Properties, will showcase 'Sharjah Marina', the company's first master-planned development and largest project in the UAE worth Dh15 billion.
Spread over a land area of 10 million sq ft at Sharjah’s Al Khan Peninsula, Sharjah Marina boasts of three luxury waterfront hotels, one of the largest shopping malls in Sharjah, Islamic-inspired museums, and offices and residential towers that will feature iconic designs.
A two-kilometer water canal will run through the marina which comprises an amphitheatre, an Ottoman mosque, public beach, parks, food courts and spas.
Burooj Properties will also exhibit three of its residential towers being developed on Al Reem Island in Abu Dhabi - Burooj Pearl, Burooj Terraces and Burooj Crystal.
These 26, 40 and 48-storey buildings will have 213, 270 and 322 apartments respectively comprising studio to one to three-bedroom apartments, said a company official.
The towers’ stylish modern facilities and amenities offer essential conveniences of an urban lifestyle. These include 24-hour security, state-of-the-art facility management systems such as automatic temperature control, air quality control, lighting, waste disposal system and CCTV monitoring, among others.
With their ultra-luxurious design, elegant finishing, convenient location and premium surroundings the towers will undoubtedly be an attraction for potential investors.
"Acres Middle East, through in its second round, has grown to be one of the region’s leading real estate shows that provides industry players, such as Burooj Properties, the platform to showcase our projects and master development before a high quality audience," said Adel Al Zarouni, managing director of Burooj Properties.
He pointed out that its participation at Acres Middle East last year was a tremendous success. "We are very confident that this year, Burooj Properties’ presence at the show will result in positioning the Company prominently in the industry," Al Zarouni noted.
"Sharjah is a promising and burgeoning realty market. The fact that it is the cultural city of the UAE and home to many cultural landmarks is a definite attraction to any investors. Our flaghship project in Sharjah is a testimony of Burooj Properties' strategic approach in tapping potential markets," he added.-TradeArabia News Service