Thursday, July 03, 2008

Bonyan's Dh4bn Community project in Dubai, completely sold out

Bonyan Dubai
Bonyan International Investment Group has announced that its Dh.4billion Sama Al Jadaf Community Project, at Al Jadaf area in Dubai has been completely sold out.

The company revealed that the success of the project is a part of the developer's growth in the booming real estate sector of Dubai, wherein land transactions has risen by 170 percent from Dh.62bn in 2006 to Dh.175bn in 2007.

The Sama Al Jadaf project, a 135-plot master development, offers ideal plots for residential, commercial or hospitality developments, and has attracted several investors and end-users through its intelligent design within the entire community.

Infrastructure and city services are effortlessly clubbed into the layout of the whole project, while the motorists too can enjoy the benefit of multiple access points and roads, cleverly planned to alleviate traffic problems.

Al Jadaf area is the perfect location for the project due to its close proximity to Dubai International Airport and Dubai Festival City, and is highly accessible through Garhoud bridges and Business Bay.

The Chairman of the group, Abdullah Atatreh, revealed that the fact that several local and Gulf-based investors have acquired plots in this project is an indication of the strong support that the market offers for high-quality developments.

He also said that the company plans to complete the properties in Sama Al Jadaf during the coming years, and the impact of the project will be felt in Dubai's real estate landscape.

The developer has also recently announced another mega master development project, worth Dh.3.5bn Eye of Ajman community development, spreading across 6.27mn square feet with 109 plots.

The company's portfolio includes Dh.3bn worth of residential and commercial developments such as the Lulu Tower, Rose Tower, Sharjah Gate, Dubai Gate 1, ABBCO Tower, and other regional projects that are a part of the company's expansion plans. The company plans to touch a portfolio of Dh.10billion in three years.

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