Bonyan Group showcases AED 3.5 billion ‘Eye of Ajman’ project at Cityscape Abu Dhabi 2008

Bonyan Group showcases AED 3.5 billion ‘Eye of Ajman’ project at Cityscape Abu Dhabi 2008
 
Developer seeks to attract investors for new master development after achieving 70 per cent sales during first day of the event and roadshow in Dubai
 
Bonyan International Investment Group, one of the leading real estate developers in Dubai, is currently showcasing its AED 3.5 billion ‘Eye of Ajman’ at Cityscape Abu Dhabi 2008, with aims of attracting high value investors for the new project after achieving 70 per cent sales during the first day of the event and following an initial roadshow held earlier in the week in Dubai. The developer’s Stand 2A19 located in Hall 2, features the 6.27 million sq. ft. master development and its 109 prime freehold multi-purpose plots, which are drawing in large visitor footfall. The event, which is currently running from May 13 - 15, 2008 at the Abu Dhabi National Exhibition Centre, is drawing in huge participation from local, regional and global real property investors looking for valuable investment opportunities.
 
Located 20 minutes from Dubai, the ‘Eye of Ajman’ project is an accessible community development, which is comprised of well-appointed plots to provide an outstanding site for mixed-use developments, with a strategically outlined network of roads to facilitate smooth traffic within the city. The developer has allocated plots to accommodate the construction of buildings that vary from (G+5P+17) and (G+9P+60), and plots, which can be used for commercial, residential, offices and hospitality developments. Upon its completion, the community development will have a total built up area of 38 million sq. ft, which will also house schools, hotels, a mosque, clinic, health club and an electric sub station amidst a sprawling urban landscape. The combined potential of the project as an ideal lifestyle and business hub is expected to attract local and foreign investors, which will further drive the growth of the emirate as a leading real estate destination.
 
“As a developer with extensive experience in the regional real estate arena, our participation in high profile events such as Cityscape Abu Dhabi 2008 has always given us tremendous results as an effective platform to build awareness for our new projects,” said Engineer Abdullah Atatreh, Chairman, Bonyan International Investment Group. “Through this participation, we aim to highlight the unique and promising investment opportunities within the ‘Eye of Ajman’ project and also look forward to meeting high net worth investors, key property developers and agents. In addition, our presence at the event will also give us a chance to give investors a peek at some of our projects in the pipeline.”
 
The ‘Eye of Ajman’ project was developed by Bonyan to leverage the AED 400 billion real estate market in Ajman and is the first of several projects in the pipeline for the developer. In addition to ‘Eye of Ajman’, Bonyan is also showcasing its previously launched development projects at the event, such as Dubai Gate 1 and 2, Al Jadaf, Sharjah Gate and ABBCO Tower. Following Bonyan’s considerable success at the recently concluded Cityscape Asia, the developer is also highlighting its full suite of integrated and research-based services, which include project management and value engineering, sales and marketing, and investment and feasibility, which are being offered across all Bonyan offices in Dubai, Abu Dhabi, Muscat, Qatar and Amman.
 
“It is massive developments such as ‘Eye of Ajman’ that represents the vast scale at which the UAE’s property market is expanding. Our adeptness in keeping pace with current trends in real estate developments while focusing on raising the bar in terms of scale, size and scope of our projects has made us a strong player within this market. Moreover, our commitment to the UAE and the entire region is exemplified by our deep desire to expand our network and reinforce our position through participations in important events such as this one,” concluded Atatreh.
 
With a clear objective to become one of the top five developers across the region, Bonyan has pioneered one of the first towers for long-term lease in Sharjah and was responsible for building a number of luxury residential and high profile commercial developments in the UAE, Qatar and Lebanon. To date, Bonyan has developed AED 3 billion worth of residential and commercial developments in Dubai, including Rose Tower and Lulu Tower, and is currently undertaking regional projects with aims of expanding its project portfolio to reach AED 10 billion in 3 years.