Baniyas Investment and Development Company (BID) – the investment arm of Bani Yas Sports Club – will showcase Bawabat Al Sharq’s premium villas and apartments at Cityscape Abu Dhabi 2009, scheduled to run from April 19th till 22nd. The luxurious residences spread across Phase 1 and 2 will be listed for sale and lease. BID is also offering various easy and unprecedented finance options to buyers during cityscape.
Moreover BID is introducing an exclusive offer to meet investor and buyer appeal. Buyers purchasing 5 and 4 bedroom villas at its opening price would be entitled to a state of the art home entertainment system from Bang & Olufsen. The system includes 40 inch LCD screens in the various rooms with B&O’s utmost quality in audio equipment embodying the latest designs and features.
The system contains features of smart home technology, all programmed via remote. The installation of the products, scheduled for 2011, will be implemented in 52 high-end villas. This offer will also be extended to buyers purchasing the 5 and 4 bedroom after the Cityscape event.
In his comment, Wael El Ashry, Commercial Vice President of BID said, “This year at Cityscape, besides putting our luxurious housing for sale and lease, our unique deal with Bang & Olufsen displays our efforts in offering convenience and luxury at a click. This deal complements our vision of providing investors and end-users with the latest technology using state of the art techniques and smart home concepts.”
Commenting on the participation, Wael Tawil, CEO of BID said, “Cityscape Abu Dhabi is a great initiative by the government to further enhance and support the vision for real estate growth. Abu Dhabi possesses a strong economy, vast sovereign wealth funds and long-term plans for continued real estate, making the region a perfect investment and residential pool. Cityscape 2009 will offer developers another finely tuned opportunity to connect with the investor and end user community understanding more their mood and aspirations.”
To service the needs of potential buyers, BID recently tied up with Abu Dhabi Commercial Bank (ADCB) to offer preferential financing of 0% interest rate to customers with a down payment of only 12.5% (17.5% for non-salaried customers). To further support its customers, the developer is offering direct financing under a 45/55 payment plan. In this plan 45% of the payment is to be made during the construction period by the buyer and the developer is financing the balance of 55% for up to 5 years.
Wael El Ashry further added, “We believe in offering value for money which investors and customers are currently seeking. Our easy finance options provide a perfect package for all buyers who want to purchase luxury, technology and the benefits of a cozy community at a reasonable price. Bawabat Al Sharq will offer homeowners a distinctive lifestyle, pleasant living conditions, comprehensive security and infrastructure where children can play in safety along with the services and amenities expected within a contemporary community. ”
