Monday, May 26, 2008

Company Initiates Al Arabiya Real Estate Company's AED 3.5B Investment into Mixed-Use Project at ‘The Lagoons'



DUBAI, United Arab Emirates--Eqarat.com, a leading total solutions provider to the real estate sector, has driven a number of high value investments in the region through its comprehensive studies on community developments, which is a part of its wide range of property related services offered to its clients.

The company has recently conducted an in-depth feasibility study on ‘The Lagoons' (mixed-use development site plan in above photo) for Al Arabiya Real Estate Company (AREC), a leading Kuwaiti-based real estate developer and investment company, following which AREC has invested AED 3.5 billion into a mixed-use project within the high value waterfront development located along the Dubai Creek.

In line with its recommendation, Eqarat.com approached SAMA Dubai to facilitate the investment between the two developers, resulting in the ‘The Lagoons' being identified as location for the high value mixed-use project.

"Our longstanding presence in the regional property development arena has honed our capabilities in recognising opportunities, which has been the basis of our successful operations and strong relationship with both leading developers and high-value investors," said Ali Hussein Al Rahma, (top rigfht photo) CEO, Eqarat.com.

"This partnership with Al Arabiya is a part of our aggressive campaign to further entrench our brand's leading position in the regional real estate market. It gives us pride to have played a significant role in AREC's first project in the UAE, and we are definitely looking forward to its official launch later this year."

CONTACT:
CommuniGate Middle East, Telephone 971 4 3988134, Email
info@communigateme.com

No comments: