Zaya, an UAE-based boutique real estate developer, has announced the release of its first completed Beachfront Estate from its flagship project Nurai for sale.

The first Nurai home is one of the island’s luxurious Shoreline Beachfront Estates – with a built-up area of approximately 1,205 sq m, 6 bedrooms and 7 bathrooms, a double storey atrium, a private beach and a private pool – offering an expansive sense of space and spectacular views of the Arabian Gulf.

A percentage of the proceeds being donated to two humanitarian organizations – the UAE Red Crescent, and Akshaya Patra, said the company's top official.

“Deviating from our original plan to release the property next year, we decided to release this particular home for sale at this point, despite the economic slowdown, to reiterate our confidence in the regional real estate market and commitment to the local community,” said Nadia Zaal, co-founder & CEO of Zaya.

“As the first home to be completed on Nurai, The Beachfront Estate is a premium property, and its sale will channel some much needed financial benefits to our chosen charity partners."

"In times of economic downturn, it is paramount that every organization takes responsibility for and works towards the revival of the local community," she stated.

Zaal reiterated Nurai’s solid investment potential as an ultra-luxurious, exclusive and sustainable private island community by saying: "Zaya’s joint venture partners bring a wealth of experience and strong financial backing to the project, putting us in a confident position to face the current industry challenges."

"A shortage of properties of this calibre in the region means that investors can count on profitable returns and consistently high rental yields," she noted.

In creating a vibrant, well-planned and sought-after island development, Zaya expects the long-term equity of the properties to steadily appreciate, particularly with Abu Dhabi’s financial stability and sustainable growing economy as the backdrop to Nurai.

One of the fastest growing cultural, entertainment and business capitals of the world, Abu Dhabi’s GDP is expected to triple to about $300 billion in 2025.

The UAE capital’s leading position is expected to continue over the next few years as the city’s development plans continue aggressively.

Nurai, Zaya’s flagship project, offers its residents a private island retreat combining tranquillity and seclusion just minutes away from this emerging city.

The project consists of a combination of 31 beachfront estates, 36 water villas, and one boutique luxury retreat due for completion in December 2010.-TradeArabia News Service