Home owners in Tower Four guaranteed up to 50 percent rent outlay refund for the first two years

February 21, 2006

ETA Star, one of the biggest property developers in the UAE, has announced that it is launching a Rent Back Offer, for Tower Four of 'The Centrium', the immensely successful residential project, located near the up and coming International Media Production Zone (IMPZ).

The Rent Back Offer, which is the first for a property development in the region, will refund to the home owner at Tower Four of the project, 50 per cent of the rent outlay for their property for a period of two years. Clients can avail themselves of this unique offer by visiting the Ras Al Khaimah Hall at Dubai International Exhibition Centre where a separate sales office will be set up during International Property Week (IPW) 2006, the comprehensive annual trade exhibition for international and Middle East property markets, which is being held from 21st - 23rd February 2006.

'The Centrium' also offers a first-of-its-kind 95 per cent finance option to its customers, thereby ensuring that ownership is within the reach of salaried expatriate professionals. ETA Star is working with Tamweel to provide a wide array of financial options to property buyers.

Abid A. Junaid, Executive Director, ETA Star, said, "At the Show, we will be launching the unique consumer friendly rent back offer for 'The Centrum's' Tower Four to attract investors as well as end-users looking to buy their own home. The International Property Week 2006 will allow us excellent opportunity to target the local Arab population, as well as expatriate Asians and Europeans, which are key target market segments for our real estate offerings. Our primary objective at the Show will be to raise the profile of our many projects by demonstrating our commitment to better living standards for all."

International Property Week which is being organized by Strategic Marketing and Exhibitions in co-operation with The Domus Group. IPW 2006 is gearing up to be the largest Show yet, with over 120 exhibitors from 20 countries. The Show is gathering momentum with a host of new exhibitor signings and is looking to establish itself as a serious platform for investment facilitation.

In addition ETA Star will also be exhibiting 'The Centrium' and its other premium projects at Stand 202 in Sheikh Rashid Hall at the International Property Week 2006.

-Ends-

Editor's Note:
ETA Star Property Developers LLC is the property development arm of the ETA-Ascon Group. The company's prime objective is to harness the growing commercial opportunity in Dubai's freehold market. Developments over 5 million square feet of built-up area are already underway and many more are planned over the coming months. ETA Star's portfolio currently includes prestigious commercial and residential properties such as 23 Marina, Liberty House, Goldcrest Executive, Goldcrest Views - 2, The Belvedere and The Palladium. In addition, ETA Star is developing commercial and hospitality projects at the DMC complex, Palm Jumeirah Crescent, Port Saeed, Salahuddin Road and other prime locations in the U.A.E. ETA star is also developing major residential & info-tech parks in India & Sri Lanka.

© Press Release 2006