Sunday, August 24, 2008

Two new towers included in Adnec Capital Center Development

The Abu Dhabi National Exhibitions Company (ADNEC) has unveiled two distinctive commercial and residential towers by SinoGulf Investments that resemble the movement of sand dunes architecturally.

The towers form a major part of the Dh.8bn Capital Center Development, which surrounds the Abu Dhabi National Exhibition Center. Both the towers together are worth more than Dh.1bn.

Designed by Woods Bagot, world-renowned architects, the towers represent the concept of dune sand lines, when the desert breeze blows. On completion in the last quarter of 2010, the residential and commercial developments offer extensive amenities, high quality finish, high-speed elevators, ample parking and retail outlets. The residential tower also includes a sauna, gym, spa and pool, making the apartments hard to resist for investors and tenants.

Located in a prime location on the corner of Al Karama Street, adjacent to the exhibition center, the towers are ideally placed with easy access to other hospitality, commercial, entertainment, residential and transport amenities.

The Director-Business Development at Adnec, Sanjay Tanna, said that the prestigious Capital Center development located adjacent to the Exhibition Center will no doubt, cater to the demand of both commercial and residential accommodation, currently evident within the Emirate of Abu Dhabi.

Rental properties and serviced apartments in Abu Dhabi are now achieving strong growth rates and occupancy levels, although clear shortage of accommodation exists for executives.

SinoGulf Investments, established in 2003, manage an excess of $1bn investments, with development projects in Jordan, Dubai and Abu Dhabi. Recognizing the demand for high-end living, SinoGulf has formed an A grade investment opportunity. Currently, SinoGulf Investments are undertaking expressions of interest for their residential apartments.

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