KM Holding, one of the fastest growing conglomerates in the Gulf, plans to open its first sales office in Abu Dhabi to promote its portfolio of real estate options in Dubai and Saudi Arabia, developed under KM Properties and KMPK Properties respectively.
The Dubai-based business conglomerate is also considering potential sites for real estate development in Abu Dhabi.
“Abu Dhabi has huge potential as both a sales hub and for future real estate development,” said Dr. Mohammad Al Haddad, Chairman and CEO of KM Holding. “Following our participation in last week’s Cityscape exhibition in Abu Dhabi we were really able to see the business possibilities for the emirate and are now working towards making our market entry in the not too distant future.”
Dr Haddad confirmed that KM Properties is looking at locations in Abu Dhabi to set up iconic properties and developments. “We will also open a sales office in Abu Dhabi as a branch to look after that segment. We plan to enter the market in a big way,” he remarked.
KM Properties, a subsidiary of Dubai based KM Holding, is a fully-fledged real estate developer. KM Properties owns number of projects in the UAE, which covers modern offices and residential towers, retail areas, healthcare clinics and luxury hotels. All these projects are of exceptional quality, value and are designed by world renowned architects and leading designers such as Carlos Ott and Terry Farrrell.
Currently under development, with a completion date set for 2009, El Matador Tower offers an exclusive living experience at Jumeirah Village. The luxury development boasts luscious landscaping, expansive open spaces and sparkling water views.
El Matador Tower soars above the Jumeirah Village community. With a plot area of 70,000sq.ft, the tower offers studio, one-, two- and three-bedroom apartments with roof gardens on a freehold ownership basis to all nationalities.
KM Properties is also developing B2B Tower and Park Lane Tower at Dubai’s Business Bay.
Businessman His Royal Highness Prince Khalid Bin Al Waleed Bin Talal Al Saud and KM Holding entered into a joint venture to launch a new Saudi-based real estate development company at the end of April.
The joint venture, KMPK Properties, will develop various real estate projects using a ‘six value benefits’ character which includes hotel facilities services, prime locations, good accessibility, luxury design, quality and delivery aspects.
“One of the investment products KMPK Properties offers is equity investments, in which investment banks and private funds will invest directly into our high return, low risk real estate development projects through winning formulas and smart strategies,” Dr Haddad said.
“When our clients invest in KMPK Properties, they do it with the assurance that they are investing into the trust in our name as much as the project itself. This trust makes us take responsibility in a professional manner. Everything from project conceptualisation to design to post construction, including project handover, is carefully planned keeping in mind our consumers’ interest at all times,” Dr Haddad added.
About KM Properties:
KM Properties, a subsidiary of KM Holding, is a full-fledged real estate development company with a portfolio of residential, commercial and freehold properties; and is strengthening its position as a market leading developer by focusing on the core business of property development locally and internationally to achieve high returns. The company owns a large number of properties in the UAE of exceptional quality and value with a selection of properties that can only be described as deluxe due to the high quality of accommodation, decoration and equipment provided, as well locations and views.
About Tamani Hotels & Resorts
Tamani Hotels & Resorts is a fresh, modern and innovative hotel management company dedicated to delivering genuine hospitality through creative and outstanding service with wholesome values that are people-focused and performance oriented. Tamani Hotels & Resorts combines recognised Islamic values with a passion for creativity and excellence. Tamani Hotels & Resorts is the operating arm of KM Hospitality & Leisure, a subsidiary of KM Holding, one of Dubai’s fastest growing business conglomerates.
