Mina Al Fajer Resort, an upscale AED800 million mixed-use development in Fujairah, announced its participating in the upcoming Cityscape event in Abu Dhabi.
The luxurious developer has successfully placed itself on the must-invest list of property investors and prospective homeowners in the UAE and across the GCC. Abu Dhabi investors are believed to compose a large share of the company’s flagship project.
Banking on its previous successes in Dubai, Qatar, Bahrain and most recently in Kuwait, Mina Al Fajer’s participation in Cityscape Abu Dhabi is expected to achieve yet another milestone for the company.
Mr. Abdulrahman Al Awar, Managing Director, Mina Al Fajer Real Estate LLC and Director of Development and Investment in the private office of His Highness Dr. Sheikh Sultan bin Khalifa bin Zayed Al Nahyan, believes that investors from Abu Dhabi make up a large percentage of investors in the real estate sector in the UAE. “And they have increasingly been looking at opportunities outside of Dubai and Abu Dhabi where emerging developments, such as the Mina Al Fajer Resort, could provide better returns on investments,” he added.
According to Al Awar, Cityscape Abu Dhabi is vital for the company “because it allows us to engage local and international investors. As Mina Al Fajer resort is expected to jumpstart the growth of tourism and real estate in Fujairah, we are happy to have this singular chance to meet them and share with them the investment opportunities we offer.”
Al Awar also proudly shared a construction milestone for Mina Al Fajer resort. The company recently completed 100% of the excavation works for the hotel and land reclamation of the Marina apartments, as well as 95% of the construction work for the world-class marina, the pilling work of block A&B of the Marina commenced, and the construction work of block C started as well. He also mentioned that platforming the mountain is 100% completed. “We are 2 months ahead of schedule as far as our timetables are concerned and should only enhance our reputation in the market as a company that delivers impeccable property projects within set timelines, without ever compromising on the quality of workmanship,” he continued.
Once completed, Mina Al Fajer resort will feature a superb sea-front community that will include a marina, 48 mountain villas, 13 solarium villas, and 80 marina apartments, in addition to a 200-room five-star hotel that will be managed by the Fairmont Hotels and Resorts. With nature providing a dramatic backdrop to an upscale and exclusive resort, Mina Al Fajer promises contemporary, luxurious living experience. It is on track for completion by end of 2009.
“We’re all looking forward to coming back to Abu Dhabi for this year’s edition of Cityscape. We consider the event to be an excellent platform for us to meet potential investors and showcase our development; even update existing investors on the progress of our current projects. At the same time, it is also a good opportunity to benchmark and observe best practices which will in turn help us develop concepts that are not only distinctive in design and features, but also attractive as far as return on investment and value propositions are concerned,” Al Awar ended.
About Mina Al Fajer Resort
Offering the discerning homeowner a unique lifestyle community, Mina Al Fajer Resort is a ground breaking development situated in the picturesque emirate of Fujeirah. Located at the foot of the Hajar Mountains, the 777,025 sqft mix-use project is the brainchild of Mina Al Fajer Real Estate LLC; a leading property development firm specializing in quality projects and luxurious resorts developed to the highest International standards. With His Highness Dr. Sheikh Sultan bin Khalifa bin Zayed Al Nahyan as chairman, the company is looking at diversifying its portfolio of leading real estate developments to the entire Middle East, across Europe and the Indian Ocean.
