Friday, May 24, 2013

Acacia Villas Phase I and II delivered at Dubai’s Jumeirah district

The Abyaar Real Estate Development Company has announced the delivery of Phase I and II of Acacia Villas project located at Acacia Avenues, the first freehold development in prime Jumeirah district of Dubai.

The Abyaar Chairman, Marzooq Al-Rashdan, said that the Dubai property market is showing recovery signs by enacting new laws and regulations to grant more protection and security to investors.

Al-Rashdan further said that Acacia Avenues, being the first project by the company in Jumeirah, gives an opportunity for investors to own property. Launched by Abyaar in 2007, the project worth Dh.2bn is a full-service complex containing 50 villas and six towers spread across an area of 94,000 square meters near the Knowledge Village.

As for the completion of Hilliana Tower at Acacia Avenues, Al-Rashdan said that a strategic partnership between Abyaar and Naif Saleh Alrajhi Investment Company has been signed to develop Hilliana Tower and other real estate projects in Dubai.

Work is now underway and construction works will be completed soon, he said.

Al-Rashdan further said that the current year will be promising for real estate investors due to growth, stability and availability of investment opportunities in Dubai real estate market, which has been long regarded as a favourite for investors in the Middle East.

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