Doha, 25 March 2008: Asteco, the UAE's leading property services company is to exhibit two of its landmark projects at the Qatar International Real Estate & Investment Exhibition (Q-REX) on 3-6 March.

Taking centre stage at Asteco's stand will be danatQatar, a residential tower situated in the prestigious Pearl Qatar development. Sales of danatQatar have so far exceeded expectations, with all 66 units initially available in phase one, selling within just two months. Visitors to Q-REX will no doubt be impressed by the unique features of this quality development; from its competitive pricing and practical floor plans to its sea views and state-of-the-art facilities.

To celebrate their appearance at Q-REX, Asteco are offering danatQatar buyers a special mortgage package for a limited time only. The mortgage, offered in conjunction with Capital Investment, danatQatar's investment partner, allows buyers to make a 50,000Qr down payment on an apartment, instead of the 10% down payment usually required to secure the property.

Asteco Qatar General Manager David Oayda stated "We're especially pleased to offer this special Q-REX mortgage, as a commitment to helping our buyers gain that all important foot on the property ladder, and a great new home or investment into the bargain."

As regional property market experts with over 20 years of industry experience, Asteco will be on hand at Q-REX to advise those interested in buying or investing in Qatar and the region's booming real estate market.

Mr Oayda added "We have the distinction in the property market of being involved in developments throughout the planning and implementation stage. We welcome this opportunity to meet investors and home-buyers, to impart our expertise and to highlight the unique residential and commercial elements of our current developments."

Asteco will also be showcasing two of their freehold Bahraini developments, which boast their own unique and coastal views and luxury living. Marina West is Bahrain's first gated beachfront residential development, offering a private beach and marina. Sukoon Tower is a luxury waterfront tower, with landscaped recreational areas and views overlooking Bahrain's attractive bay area.

Q-REX will welcome regional and international investors, property developers and real estate professionals from 120 countries, as well as would-be home buyers from the region. The exhibition and its exhibitors will play an active role of raising the profile of current and future property developments in the region.

Stage two of danatQatar is currently underway, with 60 units initially on offer from the 230 available in total. The development is scheduled for completion in April 2009.

Attached Image: Artists rendering of danatQatar  

-Ends-

Editors Notes 
Asteco is an international property services company based in Dubai and is the UAE's leading property services consultancy with over 5,000,000sq ft of real estate under their management, including The Palm, Jumeirah development in Dubai. Asteco offers complete property agency services including leasing and sales, development advice, property management and marketing and feasibility studies for residential, commercial and retail developments.  

Capital Investment is an international investment and real estate development company, involved in the full service value chain of real estate investments, encompassing development, investment and fund management across the residential, commercial, retail, mixed use and hospitality spectrum in the GCC and MENA region, as well as selective markets in Europe and the Indian Ocean. 

Released on behalf of Asteco by Hill & Knowlton - for further information or to arrange an interview, please contact:
David Oayda
General Manager
Asteco, Qatar
Tel: +974 449 7700
Email: davido@asteco.com

Kerry Morris
Senior Account Executive
Hill & Knowlton, Qatar
Tel: +974 413 1292
Email: kerry.morris@hillandknowlton.com

© Press Release 2008