Sherwoods auction offers exciting investment opportunities in premium locations in UAE

Sherwoods auction offers exciting investment opportunities in premium locations in UAE

Rare opportunity to grab ready-to-use, off-plan and nearly completed commercial and residential properties together with land/plots at competitive prices

June 2, 2009
Sherwoods Independent Property Consultants has announced that it will conduct an auction on Thursday (June 04, 2009, 6.30 pm) at The Grand Hyatt Dubai, on the sidelines of its participation in the World Property Show, for the public sale of properties in The Palm, Dubai Marina, Downtown Dubai, Jumeirah Lakes Towers, Emirates Living, Umm Suqueim and other prime locations in the UAE. Sherwoods revealed that the property offerings cover a broad price range and feature a mixture of ready-to-use, nearly completed and off-plan residential and commercial units, as well as a number of premium plots, including one just outside Terminal 2 that is available for GCC residents only.

Iseeb Rehman, Managing Director, Sherwoods Independent Property Consultants said: "This is going to be a very exciting opportunity for investors and property buyers to take advantage of competitively priced offerings as around 25 premium properties in prominent locations in Dubai and Abu Dhabi will be on offer. Sherwoods has prepared a very impressive selection of properties that cater to different price, size and other requirements of both investors and end-users. Moreover, a number of the properties also offer financing options, providing customers a truly comprehensive range of choices."

The ready-to-use commercial offerings include select office units in Executive Towers, the first commercial tower to be handed over in Business Bay. The auction also gives more buying options with off-plan opportunities in the highly touted Sky Tower in Abu Dhabi's Al Reem Island, as well as office units in the Armada Towers, which is in the final stages of construction in Jumeirah Lakes Towers.

Residential units to be auctioned off include completed villas and townhouses in Jumeirah Village, Meadows and other prime residential locations, as well as a wide selection of ready-to-use apartments in Emirates Crown – Dubai Marina, Foxhills in Uptown Motor City and other popular urban destinations in the UAE. Investment opportunities for off-plan and nearly completed residential projects are also available in Al Reef Apartments in Abu Dhabi's Al Reef Downtown, Marina Quay East in Dubai Marina, and other prominent locations in Dubai.

Sherwoods also disclosed that it will hold a charity auction as one of the highlights of the event. The money raised during the fund-raising activity will be donated to the Dubai Centre for Special Needs. The special activity, which is supported by the Yacht Club and Polo Club, will auction off some exceptional artwork created by child artists.

Meanwhile, Sherwoods revealed that it will showcase premium investment prospects in London, Dubai, Abu Dhabi, Ras Al Khaimah and India during its participation at the World Property Show. Among those lined up for the exhibition are Arlington Street, an exclusive luxury apartment with a prominent location in London; The Cove in Ras Al Khaimah; The Meadows, a highly accessible and secure gated community in Dubai; and a selection of properties in India developed by Jaypee Greens that includes Suncourt, Kalisto Town Homes, Mooncourt, Wishtown Klassic and Pavillion Heights. Sherwoods will also provide Search and Acquisition services during the event for projects such as in Kensington and St. Georges Hill in London.

Founded in 1988 in the UK by Iseeb Rehman, Sherwoods has grown to become one of the leading international real estate companies. Sherwoods has established several international branch offices in the UAE, UK, France, and soon in other key locations around the world. The company offers a diverse range of services, including search & acquisition of properties; development consultancy, land appraisals and valuation; sales & lettings of residential/commercial property; new home sales; residential & commercial property management services; legal, tax and insurance services; and mortgage & remortgage.