UAE: Asteco Set to Unveil Dh2b Central Park Project |
|
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.
In addition to the 640 contemporary designed apartments, the tower boasts swimming pools located on a garden terrace in a lush park-like environment, a social lounge, fitness centre and spa, business centre, lobby lounge, mail and package delivery rooms for residents, extensive private gardens, a day care centre and prayer room.
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
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
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. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Emirates Aluminium Company | UAE | Metal Production |
| Abu Dhabi Investment Council | UAE | Investment Firms and Funds |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Al Azizia Panda United Company | Saudi Arabia | General Retailers |
| Barwa Real Estate Company | Qatar | Landlords and Developers |
| Nissan Motor Egypt | Egypt | Transportation Products |
| Ras Girtas Power Company | Qatar | Electric Utilities |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
Projects
| Project Name | Country | Sector |
| Ras Girtas Power Company - Ras Girtas IWPP | Qatar | Power and Water |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2) | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |