Developer signs strategic deal with EIB and ADCB to facilitate easier investment and purchase
Al Fara'a Properties, the flagship subsidiary of the Al Fara'a Construction Group, has announced its plans to launch 'The Manhattan', an AED 353 million-luxury apartment complex located within Jumeirah Village, at Cityscape Dubai 2007. The launch of Al Fara'a Properties' latest venture has been timed to coincide with the developer's participation at Cityscape Dubai, the largest business-to-business real estate investment and development event in the region, being held at the Dubai International Exhibition Centre from 16 to 18 October, 2007. The developer is poised to disseminate details of a strategic partnership with the Emirates Islamic Bank (EIB) and Abu Dhabi Commercial Bank (ADCB) whereby investors can avail of flexible payment plans with up to 90% per cent of finance.
'The Manhattan' is inspired by the urban residences of 1930's New York, and offers a total of 355 elegant units, which comprise a selection of studio, one, two and three bedrooms apartments with top quality finishes, and available in a variety of styles. Located in Jumeirah Village, the developers have designed every ensure unit to that spacious and comfortable interiors are complemented by distinctive accent lighting, in addition to well-planned master bedrooms, stunning landscapes, generous walk-in closets and beautifully appointed bathrooms. The residential complex also aims to promote a healthy lifestyle and offers a state-of-the-art gymnasium with facilities that include sauna, steam, swimming pool, and children's play area.
'This is a premium site with excellent connections to Dubai's commercial centers and other finest attractions,' said J.R Gangaramani, Chairman & Managing Director of parent company Al' Fara'a Construction Group. "'The Manhattan' will live up to our corporate ethos of building excellence through partnership by delivering urban convenience, luxury and privacy with access to first-class amenities, road networks and the planned Dubai metro."
According to Al Fara'a Properties Director, Natasha Gangaramani, the inspiration for the development is the multi-cultural, urban metropolis of New York. Commenting on the project, she said: "The financial, cultural and social diversities of Manhattan in New York are comparable to the flourishing scene here in Dubai. Set to be an epitome of luxurious living, 'The Manhattan' will offer residents an unmatched lifestyle, reflecting the synergies between two great cities - Dubai and New York."
Jumeirah Village is a luxurious and secure community, which offers a diverse range of amenities for retail and leisure including schools, clubs, sports and medical centres, all located in the heart of Dubai's commercial district. Combining tranquil waterways and gardens, sports pitches, promenades, parks, and scenic trails, the development offers all the amenities required for true world-class living. Al Fara'a developments will be showcased at Stand ZH20, Zabeel Hall, Dubai International Exhibition Centre from 16 to 18 October, 2007.
"Cityscape is a valuable platform for the real estate sector. Participation will help us network with serious buyers and international investors and provide an ideal opportunity for visitors to experience our latest venture and the uniqueness of the Al Fara'a brand," concluded Natasha Gangaramani.
Al Fara'a Properties leverages the Al Fara'a Construction Group's solid background of 27 years of expertise in providing quality integrated construction solutions in the UAE. Its services include premium property sales and buying, leasing, development and management, investment portfolio, facilities management and corporate client consultancy.
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About Al Fara'a Properties
Al Fara'a Properties was established by the Al Fara'a Construction Group and leverages the Group's 27 years of experience to build a world-class, professional and client-oriented property development arm. The services offered by Al Fara'a Properties include property development, sales, management, investment portfolio, facilities management, leasing and corporate client consultancy. Born out of the Al Fara'a Group's core values of integrity, customer satisfaction, building partnerships, ethical and professional service delivery, and commitment to enhance customer value, Al Fara'a Properties will keep on track to become one of the premier developers in the region.
About Al Fara'a Construction Group
Al Fara'a Construction Group has a solid track record of more than 27 years, executing prestigious projects in the UAE, building a reputation for delivering outstanding client value and completing projects on time and within budget. It is a conglomerate of leading business entities including Al Fara'a General Contracting, Unibeton, Belgium Aluminium and Glass and Al Sabbah Electro Mechanical.
Unibeton, is the market leader in ready mix concrete, and recently created history by pouring a record 22,000 m³. of concrete in less than 35 hours at Al Attar Sky Spiral, Dubai. Belgium Aluminium and Glass is UAE's largest service provider for the fabrication and installation of aluminium and glazed structures and decorative metal work. Other business entities of Al Fara'a Group deal in contracting, precast, joinery, and steel structure, covering the entire domain of the Construction Industry. Led by a team of experienced engineers, managers and technical experts, Al Fara'a Construction Group utilises the most advanced technology and offers multidisciplinary services through one client interface, which reduces costs, simplifies the most complex projects, and enables the company to deliver premium value to the client.
For more information, please contact:
CommuniGate Middle East
PO Box 66861, Dubai, UAE
Tel: +971 4 3988134
Fax: +971 4 3988137
Email: info@communigateme.com
Website: www.communigateme.com
© Press Release 2007
