Monday, January 21, 2008

Abu Dhabi's Empire Tower meets huge response from investors

Empire International Investments, the real estate division of the multi-disciplinary Empire Group, has announced that about 160 units in their prestigious 'Empire Tower' development, has been sold out. The sales have remained good, despite the recent price hike of 12%.

The project, which is worth Dh.1.2 trillion or more, has about Dh.850million absorbed by the construction sector. The 57 storey residential tower, which was originally named as Waterfront Residence, has been designed by world renowned architects AEDAS.

Located within Shams Abu Dhabi, adjacent to Central Park and the future landmark Quad Building, the building comprises one, two, three and four bedroom apartments, which offer spectacular sea and Central Park views. Other features include swimming pool, sundeck, spa, gym, landscaped garden, underground secure parking and rooftop helipad.

During the past one year, the real estate sales in Abu Dhabi have increased steadily, and the demand for quality residential and commercial property in the city has been much in demand. This comes as good news to all potential investors' planning to invest in Abu Dhabi market.

The Empire Tower units will be sold during the International Real Estate and Investment Show, at stand B8, the ADNEC, from 30th January to 2nd February 2008.

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