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Baniyas to showcase premium property

Abu Dhabi, April 18, 2009

Baniyas Investment and Development (BID) – the investment arm of Bani Yas Sports Club – will showcase premium villas and apartments of one of its major development projects at an upcoming property event.

Cityscape Abu Dhabi 2009, an international real estate development event, will open tomorrow (April 19) and run until April 22 at the Abu Dhabi National Exhibition Centre.

BID will list luxurious residences spread across Phase 1 and 2 of its Bawabat Al Sharq development for sale and lease. It will also offer various easy and unprecedented finance options to buyers during Cityscape.

Moreover, BID is introducing an exclusive offer to meet investor and buyer appeal. Buyers purchasing four- and five-bedroom villas at its opening price would be entitled to a state of the art home entertainment system from Bang & Olufsen.

The system includes 40-inch LCD screens in the various rooms with B&O’s utmost quality in audio equipment embodying the latest designs and features.

The system contains features of smart home technology, all programmed via remote. The installation of the products, scheduled for 2011, will be implemented in 52 high-end villas. This offer will also be extended to buyers purchasing the four- and five-bedroom apartments after the Cityscape event.

“This year at Cityscape, besides putting our luxurious housing for sale and lease, our unique deal with B&O displays our efforts in offering convenience and luxury at a click,” said Wael El Ashry, commercial vice president of BID.

“This deal complements our vision of providing investors and end-users with the latest technology using state of the art techniques and smart home concepts.”

Wael Tawil, CEO of BID said: “Cityscape Abu Dhabi is a great initiative by the government to further enhance and support the vision for real estate growth.”

“Abu Dhabi possesses a strong economy, vast sovereign wealth funds and long-term plans for continued real estate, making the region a perfect investment and residential pool,” he added.

“Cityscape 2009 will offer developers another finely tuned opportunity to connect with the investor and end user community understanding more their mood and aspirations.”

To service the needs of potential buyers, BID recently tied up with Abu Dhabi Commercial Bank (ADCB) to offer preferential financing of zero per cent interest rate to customers with a down payment of only 12.5 per cent (17.5 per cent for non-salaried customers).

To further support its customers, the developer is offering direct financing under a 45/55 payment plan. In this plan 45 per cent of the payment is to be made during the construction period by the buyer and the developer is financing the balance of 55 per cent for up to five years.

El Ashry further said: “We believe in offering value for money which investors and customers are currently seeking. Our easy finance options provide a perfect package for all buyers who want to purchase luxury, technology and the benefits of a cozy community at a reasonable price.”

“Bawabat Al Sharq will offer homeowners a distinctive lifestyle, pleasant living conditions, comprehensive security and infrastructure where children can play in safety along with the services and amenities expected within a contemporary community,” he added. – TradeArabia News Service




Tags: abu dhabi | Cityscape | Bawabat Al Sharq | Baniyas |

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