10 April 2008
KUWAIT: The Orbit Real Estate Group (OREG) announced its participation in the Kuwait International Real Estate Exhibition scheduled to be held from April 14 - 18 at KIFCO's International Fairgrounds in Mishref.
The exhibition is organized by the Top Expo Group. OREG's CEO and Director Eng Khalid Al-Awadhi while announcing the company's participation, said the exhibition provides a perfect opportunity for all its clients to review some excellent and unique investment opportunities at the most competitive pr
ices. "Orbit represents major regional real estate development groups such as the Fortune and Paramount Groups from the UAE and the elite Al-Nokhbah Group," Al-Awadhi said, while pointing out that the project's total cost stands at one billion euros.
He explained the prestigious project will include offices, land plots, residential apartments, resorts and shopping malls at prime locations. He said that 'Fortune' alone has four major project developments in Dubai namely, the Burj Al-Alam, Burj Al-Alam Mau, Fortune Avenue and Fortune Bay. He added that the Paramount Group bagged the Blue Mirage project in RAK that is part of the Coral Islands project.
The Blue Mirage is a futuristic project extending into the sea with over 1,000 residential and hotel apartments crowned with a magnificent sea view with all the modern amenities," he added. He further explained that the elite Omani group's Al-Nokhbah project will comprise commercial, residential and touristic blocks as well as land plots all over Oman, namely in Sehar, Ja'lan Bin Ali, Lowi, Shenass, Ebri and the Barakaa areas.
Al-Shiraj Al-Muneer also announced its participation in Kuwait's International Real Estate Exhibition, organized by the Top Expo Group. Chairman of the Board of Directors of Al-Shiraj company, Alaa Behbehani said the company will present a collection of commercial, residential, and touristic plots of land in the Sahar economic governorate in Oman. Other areas also included in the project are, Sahum, Khaboura, Barakaa and the capital Muscat.
Behbehani said Kuwaiti investors have taken first place among investors from other Gulf countries, with regards to real estate investment in the Sahar province during the first quarter of 2008. He said 35 ownership certificates in various Kuwaiti names have already been issued in comparison with 30 from citizens in the UAE. He said investors should ascertain the legal statuses of the real estate that they invest in, so as not to fall victims to unscrupulous dealers. Behbehani called upon Kuwaitis to visit the exhibition and benefit from the complementary services on offer by Al-Shiraj Al-Muneer.
The Management Real Estate Company also announced its participation in the exhibition. Executive President and Managing Director Fawaz Al-Mizyad said the company is keen on having a distinguished participation as it aims to attract a select group of people to own and invest in their project. He said the project is the third real estate portfolio of its kind marketed by the company. It comprises 300 investment land slots, each ranging from 1,000 - 2,000 square meters. The purpose of ownership is investment and not construction. He said the land slots are located at main road intersections in close proximity to existing infrastructure and access to railway stations and airport.
The plots occupy a strategic location in the United Kingdom specifically in the Norfolk area. Al-Mizyad said the company's portfolio enjoyed tremendous success in the Gulf and is being marketed in several other countries including Bahrain, Dubai, Jordan, Kuwait and Saudi Arabia. "Expected investment returns can range anywhere between 250 to 500 percent in just five years from the date of purchase," he added.
Tabarak Real Estate Investment Group spoke of its participation in major development projects in Egypt. Director General of the Tabarak Group in the Gulf Eng Mohammad Salah said the company offers the best and most powerful marketing presentations for its clients in Kuwait. It also offers several investment opportunities for all those who wish to own properties in their group's luxurious projects.
He said the company managed sales of more than $26 million during the first quarter of 2008 in all its company branches including Bahrain, Qatar, UAE and Saudi Arabia. He said the Gulf investor has a different vision of real estate ownership, especially in Egypt. "In Egypt, he previously used to buy a unit in Cairo to spend the summer vacations there, but is now on the lookout for real estate ownership and transfers," he added.
Director General of the Tasaheel Real Estate Company Nader Al-Habeeb said the company offers illustrious properties on display at the exhibition. He said offers include land slots in Lebanon, Jordan and Syria both in farming as well as residential at very competitive prices. He explained the company has launched its future free-ownership policy, that is followed by an increasing number of companies as it calls for huge capital investments.
The company buys large areas of land then puts them up for sale after demarking the borders and preparing the infrastructure to be ready for sale. He said 70 percent of the company's capital is in assets, which is a group of land slots in Jordan adding that the company sells only what it owns unlike other companies who resort to the practice. He commended the organizing committee saying, "It is considered one of the pioneering companies in this field as far as expertise and facilities are concerned.
The Orchid Real Estate Development Company one of the first real estate development companies in Bahrain is also participating in the exhibition. The company that specializes in building offices and apartments on ownership basis said some of the most important projects under development that will be exhibited to the public include: Mal Wards, which is a 14-story building in the Al-Jafeer area comprising 57 flats that are completely sold out.
The building boasts a games room, health club, a squash court and a swimming pool. Their other project - The Orchid Tower, a 17-story high-rise in the Al-Jafeer was handed over for occupation in March comprising 66 flats, in which 90 percent of the units are already sold out. The sold flats are currently being handed over to their owners. The Orchid Business Center, towers 16 stories high and is located in the prestigious Seif area. It is distinguished in the sense it only comprises office blocks all of which are ready for sale. It is the only commercial building that also affords recreational services like health club and swimming pool. Over 90 percent of the building's units have been sold.
The Dreams Tower 1 is located across the Al-Seif area, and is only a five-minute drive from the city's commercial center. It is a commercial cum residential block comprising 36 floors with a total of 29 offices and 29 flats all available on ownership basis and expected to be ready in 2010. The Orchid Plaza is a magnificent tower with a sea view located in one of the most elegant and largest Orchid projects. It towers 47 stories high comprising 360 flats ranging between hotel-styled apartments and flats. All flats are built over two floors - duplex style with a expansive living room overlooking the Salman Port. Construction work on this tower is expected to finish in 2011.
KUWAIT: The Orbit Real Estate Group (OREG) announced its participation in the Kuwait International Real Estate Exhibition scheduled to be held from April 14 - 18 at KIFCO's International Fairgrounds in Mishref.
The exhibition is organized by the Top Expo Group. OREG's CEO and Director Eng Khalid Al-Awadhi while announcing the company's participation, said the exhibition provides a perfect opportunity for all its clients to review some excellent and unique investment opportunities at the most competitive pr
ices. "Orbit represents major regional real estate development groups such as the Fortune and Paramount Groups from the UAE and the elite Al-Nokhbah Group," Al-Awadhi said, while pointing out that the project's total cost stands at one billion euros.
He explained the prestigious project will include offices, land plots, residential apartments, resorts and shopping malls at prime locations. He said that 'Fortune' alone has four major project developments in Dubai namely, the Burj Al-Alam, Burj Al-Alam Mau, Fortune Avenue and Fortune Bay. He added that the Paramount Group bagged the Blue Mirage project in RAK that is part of the Coral Islands project.
The Blue Mirage is a futuristic project extending into the sea with over 1,000 residential and hotel apartments crowned with a magnificent sea view with all the modern amenities," he added. He further explained that the elite Omani group's Al-Nokhbah project will comprise commercial, residential and touristic blocks as well as land plots all over Oman, namely in Sehar, Ja'lan Bin Ali, Lowi, Shenass, Ebri and the Barakaa areas.
Al-Shiraj Al-Muneer also announced its participation in Kuwait's International Real Estate Exhibition, organized by the Top Expo Group. Chairman of the Board of Directors of Al-Shiraj company, Alaa Behbehani said the company will present a collection of commercial, residential, and touristic plots of land in the Sahar economic governorate in Oman. Other areas also included in the project are, Sahum, Khaboura, Barakaa and the capital Muscat.
Behbehani said Kuwaiti investors have taken first place among investors from other Gulf countries, with regards to real estate investment in the Sahar province during the first quarter of 2008. He said 35 ownership certificates in various Kuwaiti names have already been issued in comparison with 30 from citizens in the UAE. He said investors should ascertain the legal statuses of the real estate that they invest in, so as not to fall victims to unscrupulous dealers. Behbehani called upon Kuwaitis to visit the exhibition and benefit from the complementary services on offer by Al-Shiraj Al-Muneer.
The Management Real Estate Company also announced its participation in the exhibition. Executive President and Managing Director Fawaz Al-Mizyad said the company is keen on having a distinguished participation as it aims to attract a select group of people to own and invest in their project. He said the project is the third real estate portfolio of its kind marketed by the company. It comprises 300 investment land slots, each ranging from 1,000 - 2,000 square meters. The purpose of ownership is investment and not construction. He said the land slots are located at main road intersections in close proximity to existing infrastructure and access to railway stations and airport.
The plots occupy a strategic location in the United Kingdom specifically in the Norfolk area. Al-Mizyad said the company's portfolio enjoyed tremendous success in the Gulf and is being marketed in several other countries including Bahrain, Dubai, Jordan, Kuwait and Saudi Arabia. "Expected investment returns can range anywhere between 250 to 500 percent in just five years from the date of purchase," he added.
Tabarak Real Estate Investment Group spoke of its participation in major development projects in Egypt. Director General of the Tabarak Group in the Gulf Eng Mohammad Salah said the company offers the best and most powerful marketing presentations for its clients in Kuwait. It also offers several investment opportunities for all those who wish to own properties in their group's luxurious projects.
He said the company managed sales of more than $26 million during the first quarter of 2008 in all its company branches including Bahrain, Qatar, UAE and Saudi Arabia. He said the Gulf investor has a different vision of real estate ownership, especially in Egypt. "In Egypt, he previously used to buy a unit in Cairo to spend the summer vacations there, but is now on the lookout for real estate ownership and transfers," he added.
Director General of the Tasaheel Real Estate Company Nader Al-Habeeb said the company offers illustrious properties on display at the exhibition. He said offers include land slots in Lebanon, Jordan and Syria both in farming as well as residential at very competitive prices. He explained the company has launched its future free-ownership policy, that is followed by an increasing number of companies as it calls for huge capital investments.
The company buys large areas of land then puts them up for sale after demarking the borders and preparing the infrastructure to be ready for sale. He said 70 percent of the company's capital is in assets, which is a group of land slots in Jordan adding that the company sells only what it owns unlike other companies who resort to the practice. He commended the organizing committee saying, "It is considered one of the pioneering companies in this field as far as expertise and facilities are concerned.
The Orchid Real Estate Development Company one of the first real estate development companies in Bahrain is also participating in the exhibition. The company that specializes in building offices and apartments on ownership basis said some of the most important projects under development that will be exhibited to the public include: Mal Wards, which is a 14-story building in the Al-Jafeer area comprising 57 flats that are completely sold out.
The building boasts a games room, health club, a squash court and a swimming pool. Their other project - The Orchid Tower, a 17-story high-rise in the Al-Jafeer was handed over for occupation in March comprising 66 flats, in which 90 percent of the units are already sold out. The sold flats are currently being handed over to their owners. The Orchid Business Center, towers 16 stories high and is located in the prestigious Seif area. It is distinguished in the sense it only comprises office blocks all of which are ready for sale. It is the only commercial building that also affords recreational services like health club and swimming pool. Over 90 percent of the building's units have been sold.
The Dreams Tower 1 is located across the Al-Seif area, and is only a five-minute drive from the city's commercial center. It is a commercial cum residential block comprising 36 floors with a total of 29 offices and 29 flats all available on ownership basis and expected to be ready in 2010. The Orchid Plaza is a magnificent tower with a sea view located in one of the most elegant and largest Orchid projects. It towers 47 stories high comprising 360 flats ranging between hotel-styled apartments and flats. All flats are built over two floors - duplex style with a expansive living room overlooking the Salman Port. Construction work on this tower is expected to finish in 2011.
© Kuwait Times 2008
