Tuesday 15 October 2019

Mamsha Al Saadiyat ... a world-class destination in Abu Dhabi.

Anarock to sell Aldar's Abu Dhabi properties to Indians

MUMBAI, June 25, 2019

Anarock Group, a leading specialised real estate services firm based in India, said it has partnered with top UAE developer Aldar Properties to sell housing and commercial assets located in Abu Dhabi to Indian investors.

This partnership will provide Indian investors with direct access to Aldar's portfolio of world-class destinations across Abu Dhabi including Mamsha Al Saadiyat, located on the beach adjacent to the capital's iconic cultural district home to the Louvre Abu Dhabi, the Zayed National Museum, and the Guggenheim Yas Island developments such as Mayan, Yas Acres, and Water's Edge (all close to Ferrari World and Warner Bros World) and Alghadeer, a short distance away from Expo 2020 Dubai and theme parks Bollywood World, Legoland, and Motiongate.

The Mumbai-based Anarock already has a major presence in the UAE with offices in Dubai and Abu Dhabi. It now plans to expand further in the UAE with four new offices in Oman, Bahrain, Saudi Arabia and Kuwait.

On the tie-up, chairman Anuj Puri said: "With our intense focus on the UAE for our international growth, Abu Dhabi stands out as an exceptional market. It offers Indians a great opportunity for investment and business growth."

"Partnering with Aldar, one of the leading real estate players in Abu Dhabi, will provide our Indian clients access to some of the best properties and communities in the region. This is a fantastic opportunity for living and investing in Abu Dhabi, with the assurance of a highly-established real estate brand," noted Puri.

Aldar Properties CEO Talal Al Dhiyebi said: "India is a very important market for Aldar and a core part of our strategy for international sales. Through our partnership with a leading player like Anarock, we aim to create a new gateway for Indian investors into the many opportunities that can be found in Abu Dhabi."

"This strategic collaboration will enable Indian buyers to benefit from the newly introduced law regarding freehold ownership of land in investment zones and visa rules for real estate investors in Abu Dhabi, which have made our destinations even more attractive to international investors," stated Al Dhiyebi.

"We look forward to working with Anarock and bringing our unique developments to serious buyers across India," he added.

This is Aldar's first major partnership since the launch of its inaugural experience centre in Dubai earlier this year, also set to promote the Company's expansion globally.

It follows the recent positive reforms introduced by the UAE government with the launch of the 'golden card' permanent residency scheme for foreign investors, as well as the new freehold property law in Abu Dhabi, offering foreign investors the ability to buy land on a freehold basis within investment zones in Abu Dhabi - whereas they were previously granted 99-year leasehold arrangements.

Anarock Property Consultants (GCC) CEO Shajai Jacob said: "This is a collaboration of equals to assist India's high net-worth families and individuals to take advantage of Abu Dhabi's beneficial investment ecosystem."

The UAE has traditionally held a special place in the heart of the well-heeled and globally travelled Indians, and our partnership with Aldar will bring to them the most attractive real estate investment options from one of the best and most sustainable developers in the region, stated Jacob.

"With a sales velocity of over 1,000 transacted units a month in India, Anarock will now also offer unmatched investment opportunities from Aldar's suite of products to its clients," he added.-TradeArabia News Service


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