Asteco, one of the region’s leading real estate firms, has been appointed as exclusive letting agent for The Residence at Saadiyat Beach Residence (SBR5) on Saadiyat Island in Abu Dhabi, owned by Tabieah Property Investment.

Described as Abu Dhabi’s only ‘true beachfront leisure address’, the Residences, located just 15 minutes from Abu Dhabi International Airport and 10 minutes from the city’s bustling downtown, includes 70 units in one-, two-, three- and four-bedroom configurations in the four-storey property.

Tenants can choose from a range of spacious apartments, starting from Dh130,000 per annum ($35,390) for a 1,005-sq-ft one-bedroom; Dh170,000 for a 1,901 sq ft two-bedroom; Dh190,000 for a 2,280-sq-ft three-bedroom; and Dh270,000 for a 3,144 sq ft four-bedroom apartment, said the statement from Asteco.

Amenities include direct access to Saadiyat Beach; a fitness club and spa, tennis court, squash court, 25-m indoor pool, gymnasium and weight room; view of the Saadiyat Beach Golf Course and Saadiyat Beach; dining, shopping and entertainment at The Saadiyat Beach Residence; a children’s swimming and play area; and 24-hour concierge and security services.

Rental rates vary from Dh130,000 – Dh285,000 per annum, it added.

John Stevens, the managing director, said: "High quality, well managed properties continue to prove popular with residents in Abu Dhabi. These apartments boast a selection of high-end white goods plus access to a range of amenities and stunning views."

"Despite a drop in rental rates and landlords finding it difficult to fill vacant properties in other asset classes, we expect these apartments to be a huge hit with discerning residents wanting a quality holistic lifestyle, in one of Abu Dhabi’s most prominent and sought after communities," he added.

Khaled Al Mansoori, the CEO of Tabieah Properties Investments, said: "The Residence at Saadiyat Beach Residence offers a truly distinctive lifestyle. The luxurious properties have been built to the highest standards offering views and world class amenities."

"Asteco’s 30-year pedigree successful track record in the Abu Dhabi sales and leasing market was fundamental in our decision to appoint them and we’re confident they will deliver great results for the company," staated Al Mansoori.      

Asteco’s experience within the emirate extends beyond The Residences at Saadiyat Beach Residence, the company has successfully partnered with Abu Dhabi United Hospitality (ADUH) to manage and lease a further five residential buildings including 189 apartments, 11 villas and a retail complex within the Saadiyat Beach Residence development.-TradeArabia News Service