| 03 Oct 2008 |
|
UAE: Asteco Set to Unveil Dh2b Central Park Project
- Text size
Dubai -- Real estate and property services leader AstecoAsteco
has won the contract for apartment sales of Central Park, Abu Dhabi's newest residential tower. Representing an investment of more than Dh2 billion, the Central Park development comprises two towers offering 640 one, two and three-bedroom apartments.
The towers are located at an enviable location on the central park of the Shams on the Reem Island master-planned community overlooking the stunning Abu Dhabi skyline.
Due for completion in 2011, apartments are available on a freehold basis. Sales will be launched at Cityscape (October 6-9, 2008) and potential buyers can view the model at the AstecoAsteco
stand in Hall 7, stand number 7G30 of the Dubai International Exhibition Centre (DIEC)."We have seen an increase in demand for premium residential apartments in Abu Dhabi," said Jock Douglas, AstecoAsteco's Sales Manager in Abu Dhabi.
"Although many projects are coming on stream, residents are not always satisfied with the quality, service standards, room sizes and facilities provided."
"Al Reem is witnessing high levels of activity as some projects near completion and residential units are in great demand even at higher prices owing to the high levels of quality and design. Apartments on higher floors command values of almost Dh3,500 per square foot giving an indication of growing returns that can be expected," Douglas added.
Strategically located to take advantage of the Arabian Gulf's skyline, design has been conceptualised by leading architects, Gensler, who were also awarded the design contract for Tameer Towers, Abu Dhabi's 7-star hotel. Al Hilal BankAl Hilal Bank are the financial partners.
Central Park buyers can opt for one, two and three-bedroom apartments with unit sizes starting from 970, 1,755 and 1,937 square feet respectively. All apartments are spacious, designed to maximise views, and will be equipped with fully-fitted kitchens.
Central Park is being developed by the Sama Emirates Holding Group, a multi-disciplined company specialising in real estate development with a diverse portfolio of projects in Dubai and Abu Dhabi.
© Khaleej Times 2008
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Loading ...
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.