Following the success of Cityscape Abu Dhabi 2009, Chesterton, the international property agency established in 1805, will be showcasing its portfolio of exclusive residential properties and developments at the fourth edition of Cityscape Abu Dhabi that will take place at the Abu Dhabi National Exhibition Centre (ADNEC) from 18-21 April 2010.
Chesterton will present a selection of prime residential London homes on its stand (stand 6B40). The London portfolio will include luxury properties from St. George plc, one of the UK’s most prestigious developers. The Capital’s leading developer has created some of the most desirable addresses, including a range of prime apartments within Aquarius House at St George Wharf and Battersea Reach Tower.
Commenting on ‘The Tower Penthouse’ being showcased at the show, Salah Mussa, Chairman, Chesterton International LLC., stated that, “Many of London’s landmarks are a tribute to its magnificent past. Royal palaces and grand cathedrals, splendid mansion houses and majestic avenues, all tell a story of the city that has impressed the world. The Tower Penthouse is a tribute to London’s present and future, and a statement of the city’s enduring strength as a world-leading centre for business, culture and fashion. Striking in its use of modern materials, dramatic in its dominance of the local skyline, the Tower Penthouse is the crowning achievement of London’s most prestigious new landmark at Battersea Reach. Stunning from the outside, extraordinary on the inside, this is a splendid home to enjoy all that London has to offer.”
Alongside the St George developments, Chesterton will display its extensive collection of freehold properties for buy-to-let investments in Abu Dhabi.
“There has been a noticeable change in the property market where property prices appear to have stabilised. This has not been through the calming of the global economy, but the key fundamental characteristics of the Abu Dhabi market. The population of Abu Dhabi still has a need for housing regardless of global climates and with high rental levels remaining, owner occupation is the alternative. The main factor which to some extent is retarding a stronger level of price increase or market activity is the cost of finance,” added Robin Teh, Director, Valuations and Research, Chesterton International LLC.
“Whilst remaining at above 7% per annum, interest rates are continuing to favour the lenders rather than the borrowers. Movement has already been put in place to alter this and encourage the lowering of lending rates in line with other key financial indicators such as EIBOR and inflation,” added Teh.
At Cityscape Abu Dhabi 2009 Chesterton showcased £750 million worth of property from across the world and featured the opening of its new head office in Abu Dhabi. This office complements the Chesterton network of 65 offices across the UK, EU, Asia and Australasia – all of which provide clients with our long-standing global industry knowledge and the in-depth expertise of our local staff.
“The more positive market has provided us with even more inspiring properties to present to potential buyers at Cityscape Abu Dhabi 2010,” added Teh.
In addition to promoting a number of exclusive international residential properties located in the UK and Europe, Chesterton UAE is offering luxury houses and apartments developed by a number of reputable local companies. Chesterton aims to cater to UAE investors who wish to expand their local or international real estate portfolios, or both, and individuals who simply wish to buy first or second homes in UAE or abroad.
