Cornerstone Real Estate achieves pre launch sales figures of up to 80%

Published March 9th, 2008 - 01:12 GMT

Cornerstone Real Estate, one of the UAE’s leading property management companies, today announced their sales progress for developer partners Rakaa Property Development and Al Badie Group Property Development. The luxury developments on Reem Island sold rapidly following the appointment of Cornerstone Real Estate as the exclusive sales and marketing agency. Cornerstone have announced Dynasty Tower at 70% sold, Falcon Crest at 45% sold and Beach Towers at 85% sold to date.

The projects look set to fulfil their prophecy of being amongst the most luxurious, premier addresses in the heart of Al Reem Island. Dynasty Tower’s unique design boasts a philosophy derived from the ancient Chinese Yin and Yang wherein all forces in nature have an equal opposite, while Falcon Crest’s derives it’s powerful name and stature from the symbolization of the Arab nation. Located on the prestigious Shams Abu Dhabi are the Beach Towers, which offer the highest standard of security and luxury amenities.

“We at Cornerstone Real Estate are delighted at the progress not only of these Reem Island projects, but also how this progress represents a growth of confidence in the local market as we see an increase in the number of UAE national investors and residents,” commented Cornerstone Real Estate’s CEO Ziad Bushnaq. “We believe this success has been brought about by the transparency of the master plan for 2030 implemented by the government led by H.H Sheikh Khalifa which has seen major changes in buyer numbers since last year and has lead to increased foreign investment and tourism. Together with Cornerstone’s continual stamp of quality on each of our projects, and the confidence in the market shown by steadily increasing prices, being part of this master plan for Abu Dhabi is something we can all contribute to,” Bushnaq further added.

The two AED 750 million 27 and 22-storey tower projects, Dynasty Tower and Falcon Crest will house a multiple mix of studio apartments and 1, 2, 3 and 4 bedroom luxury apartments and retail outlets, and will be on sale to prospective expatriate and UAE national homeowners. Both towers comprise of 3 basement parking levels, 2 and 3 podium levels and 25 and 19 residential floors in Dynasty Tower and Falcon Crest respectively, and include an array of modern amenities including the ‘Smart Home’ system, health club, outdoor swimming pool and a designated children’s area.

Beach Towers, a 700 million AED twin tower project set for completion in 2010, will offer an unparalleled view of the Island, Marina, Sea, and Abu Dhabi skyline. Each of the project’s 23-storied buildings will consist of 374 luxurious one, two, three and four bedroom apartments, which are on sale to prospective expatriates and UAE national homeowners. Beach towers will house luxury amenities, large balconies and 90% of the apartments offering a sea view.



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