Rasyat Real Estate reached AED400 million in sales at Cityscape Abu Dhabi 2008
Rasyat Real Estate, a subsidiary of the leading Saudi company, Mohammed Al Nahdi Real Estate Group, announced a record sale of AED 400 Million as a result of its recent participation in Cityscape Abu Dhabi 2008 which ran from May 13 to 16 at the Abu Dhabi National Exhibition Center. Presenting its maiden project in the UAE during the exhibit, Rasyat successfully sold out 80% of the apartments in the prestigious and luxurious Burj Al Yaqut.
The company’s exhibition stand attracted a phenomenal number of investors and businessmen who all showed significant interest in Rasyat’s current and future projects.
Mohammed Al Nahdi, chairman of Rasyat Real Estate said: "Our huge success in the recent Cityscape Abu Dhabi reflects investor confidence in the company and a great demand for our projects. This is the direct result of our strategy to make a niche for ourselves as a property developer that combines our values such as quality, innovation and excellence with the real needs and aspirations of the market in the cutthroat Middle East real estate arena.”
Burj Al Yaqut is one of the biggest development projects currently ongoing in Abu Dhabi and set to rise in the prominent community of Danet Abu Dhabi. With its iconic exterior and space optimizing design, the tower is set to become an architectural landmark, adding dynamism to the city skyline. Considered as the first genuine investment opportunity in the UAE capital, Burj Al Yaqut allows Emiratis to buy 1, 2 and 3-bedroom apartments in the new heart of Abu Dhabi. Danet Abu Dhabi is one of the region’s best-planned communities, leveraging sophisticated metropolitan design in a futuristic environment.
"The company adopts a clear-cut strategy in carrying out our mandate, which clearly, is all about creating new architectural concepts, approaches and innovations in our quest to provide the best investment as well as lifestyle to our investors. On top of that, we are fully committed to delivering projects on time,” said Mubarak Al Nahdi, Chief Executive Officer, Rasyat Real Estate. He added that these are the “ingredients that advanced the popularity of Burj Al Yaqut and successfully captured the attention of discerning investors.”
Burj Al Yaqut is set to be completed at the end of 2009 and will comprise 23 residential and commercial floors, with three levels for parking and a total of 189 apartments ranging from 75 to 190 square meters.
Rasyat Real Estate has various projects in the pipeline which will be announced in the near future.
Rasyat Real Estate was established with the objective of focusing on dynamic real estate projects in the UAE, starting with the capital city of Abu Dhabi. As part of Al Nahdi Group, Rasyat has years of expertise in real estate and this, combined with key studies, enables the company to focus on specific market needs by offering the highest standards of property solutions.
The second edition of Cityscape Abu Dhabi attracted an estimated 50,000 visitors this year, a significant increase compared to 2007. Cityscape Abu Dhabi is an annual networking exhibition that showcases all aspects of property development and celebrates the very best in real estate, architecture, urban planning and design—attracting investors, property developers as well as architects and designers from the region and around the globe.
