Mayadeen Showcasing Confidence at Abu Dhabi Real Estate & Investment Show.

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28 Jan 2009

National Ranges Company K.S.C.C (Mayadeen) was showcasing its Dari and Aurora developments on Shams Abu Dhabi on Al Reem Island, at Abu Dhabi Real Estate & Investment Show (IREIS) 2009. Engineer, Nasser Ali Al-Attar, CEO of Mayadeen said that this week’s exhibition presents the ideal opportunity to highlight Mayadeen's residential projects in Abu Dhabi.

Al Attar goes on to say: “We have recently launched our ‘Aurora’ and ‘Dari’ projects in Shams Abu Dhabi. They are in a wonderful location that meets the needs of individuals and families who believe the home is a place for rest and recuperation, especially as their design work in sympathy with the needs of the communities they serve.”

The ‘Aurora’ and ‘Dari’ projects are composed of four residential towers over 200 meters in height. They feature a diverse range of residential apartments of one to three bedrooms as well as duplex apartments and four bedroom luxury penthouses. Adjacent to the towers, development is also under way on two office buildings that will provide retail shops and a full range of business services. A particular characteristic will be a smart automatic parking system, the first of its kind in Abu Dhabi. The whole development will be set within an attractive environment of water channels and green spaces.

The first phase of construction work has now been completed and the second phase has begun. Mayadeen had earlier signed contracts with five of the region’s leading construction, supervision, management and engineering consultancy companies. The two projects are expected to be completed by the end of 2011.

“We are confident that Abu Dhabi has the resources in place to withstand the current economic situation,” says Al Attar. Since Abu Dhabi's demand for property will continue to be driven by the chronic shortage of commercial and residential property units and high rental prices, we do not expect any slump in the near future,” says Al Attar. “During any global financial crisis, there is always going to be some impact, but the fundamentals of the Abu Dhabi real estate market are strong and it is a very good place to invest.”