Abu Dhabi, UAE, 5th December 2009: Baniyas Investment and Development Company (BID) today announced the launch of new apartments within its iconic Bawabat Al Sharq project in Bani Yas City. The new apartments, which were designed with the city's rich heritage in mind, carry a traditional appeal while offering residents a home and an environment that cater to their lifestyle and various needs.
The new Bawabat Al Sharq apartments, which represent a blend of tradition and modernism, include a total of 500 apartments, spread across 14 distinctive buildings, within 6 different blocks. Moreover, the buildings are surrounded with spacious and alluring landscaping and water views.
The new Bawabat Al Sharq apartments offer exclusivity to their residents with only four apartments designed for a single floor. They also offer separate storage space on the ground floor for almost each apartment and abundant parking spaces for residents and visitors alike. Residents will be able to enjoy unobstructed views of the water features and beautifully landscaped areas from their balconies. In addition, the new apartments, which include a mix of deluxe suites, 1, 2 and 3 bedroom apartments, as well as exclusive penthouses endowed with terraces and Jacuzzis, are amply spacious and provide a perfectly comfortable living environment for families and singles alike.
Commenting on the new Apartments of Bawabat Al Sharq, Wael Tawil, CEO, Baniyas Investment and Development Company, said, "We conceptualized and designed Bawabat Al Sharq as a one-stop-destination, where residents could take advantage of all the amenities and facilities for their lifestyle needs. Within the new Bawabat Al Sharq apartments, we have meticulously designed the internal and external spaces to accommodate residents in every aspect as well as appeal to their lifestyle."
The new Bawabat Al Sharq buildings are part of Phase II of the project, the construction for which is due to commence in early 2010. The entire Phase II of Bawabat Al Sharq, including the new apartments and villas, is scheduled for hand over in the third quarter of 2011.
"Focus on timely delivery of our projects is a crucial component of our business and we are progressing ahead successfully," reiterated Mr. Tawil. "The construction of Phase I of Bawabat Al Sharq is already 45% complete and we aim to deliver by the third quarter of 2010."
Commenting on the payment plan of the new apartments, Wael El Ashry, Commercial Vice President of Baniyas Investment and Development Company said, "Reaffirming our focus on customer satisfaction, we have developed attractive payment plans with Abu Dhabi Commercial Bank for our clients, in addition to offering them the option of developer financing directly with Baniyas".
Bawabat Al Sharq is an ideal mix of modern residential, retail, entertainment and sporting facilities. The project comprises of premium apartments, villas, a mall, health care facilities and a FIFA standard football stadium with a seating capacity of more than 20,000 spectators.
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About Baniyas Investment and Development
Baniyas Investment & Development Company was established in 2005 as a majority owned subsidiary of Bani Yas Sports Club. It is the investment and development arm of the Bani Yas Club with its main activities focusing on investment, development and management of real estate projects.
Aiming to play a pivotal role in contributing to real estate development, Baniyas will seek to adhere to the highest standards of integrity in its business dealings. Currently, the company has an impressive pipeline of opportunities and projects including master planned communities, residential and commercial towers in the UAE with Bawabat Al Sharq representing the first of several pioneering plans to be publicized by Baniyas in due time. Bawabat Al Sharq will elevate the leisure, commercial and tourism appeal of Bani Yas.
For further information, please contact
Ashutosh Gupta
BPG Public Relations, Dubai
Tel: +9714-295 3456
Fax: +9714-295 1027
E-mail: ashutosh@batespangulf.com
Muriel Farah
Communications Director
Baniyas Investment & Development Company, Abu Dhabi
Tel: +9712-635-4455
Fax: +9712-635-9949
E-mail: mfarah@baniyas.ae
© Press Release 2009
