Gulf Finance House Commercial Bank (GFHCB) on Wednesday announced the commencement of sale of 107 residential units in the prestigious Gazules Del Sol apartment project in Spain.
Located in the heart of Andalucia amid the tropical gardens of Costa Del Sol, Gazules Del Sol is a fully integrated residential complex that offers fascinating views of the Mediterranean sea and its sunny beaches, not far away from the majestic mountains that line the tranquil Spanish countryside. Gazules Del Sol is a mere seven minutes from Marbella – Europe’s most marvelous resort, famed for its 5 spectacular beaches. The project, comprising two and three bedroom apartments, and penthouses with private gardens, is slated for completion by June 2006.
Terming the project as a superlative investment opportunity, Mr. Ebrahim Hussain Ebrahim, General Manager of the GFHCB, said: “Gazules Del Sol offers GCC investors a unique opportunity to own a home in one of the finest locations in Spain, introducing them to the luxuries of Mediterranean high-life. Besides being the sales agent, GFHCB will also provide financing options to potential buyers of the property.”
Approximately 20 minutes from the airport in Malaga, the birth place of Pablo Picasso, the project is a short three-minute drive from Benahavis – between Sierra Bianca Mountain and the Mediterranean sea. The Andalusian-style Gazules Del Sol exudes the charm of rich Spanish culture and the spirit of golf – a sport that Spain is famous for. The site of the project is within easy reach of many international standard golf courses.
“We are proud to be associated with a project that redefines comfort and the quality of life. Gazules Del Sol is also in perfect sync with the overall business strategy of GFHCB – that of offering innovative and high-return products to investors and buyers,” Mr. Ebrahim said.
“The project is an important diversification for GFHCB, marking its first step outside the GCC. Besides enabling investors to tap the potential of lucrative Spanish property markets, Gazules Del Sol significantly broadens and deepens GFHCB’s client base,” he added.
“As a niche Islamic commercial bank, GFHCB is strategically positioned to identify superior investment opportunities and take advantage of the growth in property markets. Gazules Del Sol is reflection of this strategy”, Mr. Ebrahim said.
The gated Gazules Del Sol community is complete with pergolas, terraces, four swimming pools, state-of-the-art gymnasium, apart from 20,000 square metres of open spaces and 24-hour security. Each block consists of 2-3 storey buildings, with 18-25 apartments per block. The size of the apartments range between 117-308 square metres.
GFHCB undertakes a wide range of real estate banking activities, including project financing, direct investment, structured finance and syndication, asset management, property management and advisory services.
