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Awali Real Estate Investments the golden sponsor for Local Property Show

United Arab Emirates: Sunday, November 02 - 2008 @ 14:19

Participants in the show, which is a distinct event specializing in real estate investment and funding in the emirate of Ajman, include some of the biggest investment and real estate development companies in the country.

Awali Company will extend its participation in the show by showcasing its biggest project, Awali City, which the company launched beginning of the current year in partnership with Ajman Government’s Property Investment establishment. The project is a complete city with a total area of more than 33 million square feet. The company also seeks to introduce its set of twin towers, which are being developed in Awali city

Mr. Mohammed Hussein Al Nemer, board member and Chief Marketing Officer at Awali Real Estate Investments, commented on the show, saying:

“Our participation in the Local Property Show is an important step in our strategic promotional plan for Awali City. The show correlates perfectly with the economic leap the emirate of Ajman is currently witnessing, which strongly indicates that government officials are keen to keep in touch with the leading entities in the real estate sector, and to stay up to date with the latest projects and developments.”

“By participating in the event, Awali seeks to continually stay in touch with investors and those interested in the real estate sector, offering them the chance to take a closer look at Awali City project and to study the many opportunities it offers. In addition, the show will also pave the way for participating companies to exchange ideas and expertise, and to discuss the Emirati market, which could lead to increased growth and better development of projects”, added Al Nemer.

Awali’s participation in the show ties in with the company’s recent announcement that infrastructure works in the project are progressing according to the planned schedule, and to the high quality standards agreed upon by the contractors. More than 80% of ground leveling and internal roads are done, while soil checking and buildings’ architectural designs are 100% complete.

Awali’s set of twin towers are called Mashrabia Residence and Chevron Commercial Towers respectively. Mashrabia Residence is a freehold twin tower project designated for residential use, with each tower comprising 25 storeys, housing 12 one bedroom apartments and 4 two bedroom apartments on each level, which amounts to a total of 800 apartments between the two towers.

Scheduled for completion by the end of 2011, the project boasts state-of-the-art facilities that include 7 parking levels and a total of 417 individual parking spaces. Each tower offers spacious retail areas, as well as entertainment and leisure facilities such as a health club and gym on the roof of each tower, a swimming pool, Jacuzzi, and a steam room, among others.

Chevron Commercial Towers also boasts a pair of spectacular commercial towers featuring all of the facilities essential to modern business. It is a freehold development that consists of two 25-storey towers and 7 parking levels that can accommodate 411 cars in total. Each tower includes 304 offices, amounting to a total area of 375.000 square feet. In addition, these towers also offer large retail spaces, as well as entertainment and leisure facilities. The Chevron Towers are founded on the principles of quality, dynamism and high returns on investment, offering the latest in sophistication and modern convenience.

The Awali City project is a complete residential city, comprising 136 plots for residential and commercial use, with towers reaching a height of 17-50 storeys which will house more than 120,000 people.

Awali Real Estate Investment recently awarded Adnan Saffarini Engineering Consultants a Dhs65m contract for the architectural design, supervision and engineering consultancy services for 15 residential and commercial towers in this Ajman-based project. The 15 towers include eleven 32-storey towers, which form the Northern and Southern Gates of the city, and four 50-storey towers, which form the City’s entrance from the Emirates Road.

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Sunday, November 2- 2008 @ 14:19 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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