Monday, December 04, 2006

Abyaar launches Acacia Avenues complex

Kuwait's Abyaar Real Estate Development announced the launch of Acacia Avenues complex which will be built in Jumeirah. Abyaar stated that the project will be worth $550 million.

The complex will be 94,000 square metre and will be in the market in the first quarter of 2009.

Abyaar stated that it will develop the two tallest tower blocks in the centre of
the project, each of 137 one-, two- and three-bedroom apartments along with 50
villas. The remaining three towers will be sold to other private developers.
Contracting company Wade Adams has been signed for the piling work which will start in the month of October. The building work on the main structures will start in March or April next year. The project is designed by an Italian architect, Matteo Nunziati.

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