Baniyas asserts the Spirit of Ramadan through Gold

Press release
Published August 16th, 2011 - 08:59 GMT
Andalusian villa in Phase III of Bawabat Al Sharq
Andalusian villa in Phase III of Bawabat Al Sharq

Welcoming the holy month of Ramadan, Baniyas Investment and Development Company (BID), the investment arm of the Baniyas Sports Club, rewards customers of the spectacular Andalusian villas in Phase III of Bawabat Al Sharq by offering Gold Bars for every purchase throughout the holy month. 

The Phase III Andalusian Villas in the 3 billion AED mixed use development in Bani Yas City are designed with lavish amenities which include separate men and women’s Majlis as well as pools and private parking spaces. Residents of these villas will be able to enjoy easy and convenient access to the alluring landscapes through private garden entrances. 

In his commentary, Wael Tawil, CEO of Baniyas Investment and Development Company said, "The holy month of Ramadan is all about sharing and giving; thus, Baniyas Investment and Development has decided to spread the spirit of this holy month by rewarding the discern customers for their commitment to our Bawabat Al Sharq. We have decided that nothing can be better in asserting the act of giving than granting our clients Gold Bars which would fill their hearts with joy this Ramadan.” 

Wael El Ashry, Commercial Vice President at BID said, “We at BID always search for new ways of giving added value to our clients when they purchase any of our various property offerings, this Ramadan we celebrate by giving gold to our clients once they purchase a property at BAS, we feel that gold and the property itself complement each other as strong stores of value that appreciate with time.”

Bawabat Al Sharq is an ideal mix of modern residential, retail, entertainment and sporting facilities. The project comprises premium apartments, villas, health care facilities, an international school, a FIFA standard football stadium with a seating capacity of more than 20,000 spectators and a distinctive mall that will include 339 high profile retail outlets. The infrastructure works on Phase I of BAS are currently underway after Al Jaber had assigned more than 450 employees to work on this project. Baniyas also awarded the AED 190 million construction contract for the construction of Phase II of Bawabat Al Sharq to Royal International Construction LLC. The contractor has already mobilized on site and commenced works on the project which will be handed over to the owners towards the end of this year.

Background Information

Baniyas Investment & Development

Founded in 2005, Baniyas Investment & Development Company L.L.C (BIDC), a majority owned subsidiary of the Baniyas Sports and Cultural Club, has been an active contributor to the dynamic transformation of the area of Baniyas and Abu Dhabi, moving forward with modernity without ever forgetting the emirate’s rich culture and heritage. As the investment and development arm of the Baniyas Sports and Cultural Club, the company’s core competencies are in the areas of investment, development and management of real estate projects. Currently, the company has an impressive array of opportunities in addition to projects in the pipeline including master planned communities as well as residential and commercial towers in the United Arab Emirates.


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