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Awali Real Estate Investments to participate in Acres Middle East 2008

United Arab Emirates: Sunday, December 14 - 2008 @ 16:06

The first edition of Acres acquired an impressive success rate in terms of sales, number of visitors, and participants.

Awali’s participation in Acres Middle East 2008 comes in response to the latest rise of numerous economical sectors within the emirate of Sharjah such as the property sector, hotel expansion, and infrastructure growth. These sectors have attracted the attention of various local and Gulf investors, which have subsequently assisted in the quick and steady leap in the property and construction sectors, making Sharjah a popular destination for many regional and international companies and establishments.

Awali will be presenting its feature project, Awali City, which was launched last year in collaboration with Ajman’s real estate investment establishment, at the exhibition. The project, a mega city, extends over an area in excess of 33 million square feet, and consists of 136 land plots set for residential and commercial use, as well as towers boasting between 17 and 50 storeys each, which will house more than 120,000 people. In addition, Awali will also showcase its twin towers’, Al Mashrabia Residences and Chevron Commercial Towers respectively, which is currently being developed in Awali City.

Mr. Mohammed Hussein Abdullah Al Nemer, board member and Chief Marketing Officer of Awali Real Estate Investments, said:

“The exhibition will provide a closer look at the biggest real estate projects in the country, and the emirate of Sharjah, in particular. It will also help us to closely identify the needs of investors, clients and the market, ensuring that future plans for new projects simultaneously meet the needs of all involved.”

“The exhibition offers numerous investment opportunities for local and regional investment, real estate and engineering companies. It is, in essence, an information assembly where visitors can be educated in the orientation of the real estate sector in the country, be informed about real estate investment projects inside and outside the emirate of Sharjah, as well as make deals with the various Arab real estate companies participating in the exhibition,” added Al Nemer.

Mashrabia Residence is a freehold twin tower project designated for residential use, with each tower comprising 25 storeys. Each level will host 12 one bedroom apartments and 4 two bedroom apartments, amounting 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 seven 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, on the other hand, is a pair of spectacular commercial towers featuring all of the facilities essential to modern business. It is a freehold development comprising two 25-storey towers and seven parking levels that can accommodate 411 cars in all. Each tower includes 304 offices, covering a total area of 375 thousand square feet. In addition, both towers also offer large retail spaces, entertainment and leisure facilities. The Chevron Commercial Towers are founded on the principles of quality, dynamism and high returns on investment, offering the latest in sophistication and modern convenience.

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Sunday, December 14- 2008 @ 16:06 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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