Saturday, October 5, 2013

Asteco to showcase two new projects at Cityscape Global

Asteco to showcase two new projects at Cityscape Global

Duo of premium JBR and Reem Island properties to offer smart investors a luxury lifestyle and healthy returns as residential market performance gains increasing momentum into Q4 2013

Leading regional real estate services firm, Asteco, will be showcasing two new residential projects at this year’s Cityscape Global exhibition, which will take place from 8-10 October 2013 at the Dubai International Convention & Exhibition Centre (DICEC).

With rising property rental and sales prices recorded in H1 2013, and forecasts for a bullish full year market performance, buyers looking to invest in the city’s thriving leisure hubs and new outlying communities can expect to see healthy returns according to Asteco’s Dubai Q3 2013 report, which reported year-on-year apartment rent and sales price increases of 19% and 42% respectively. Abu Dhabi’s year-on-year apartment rent and sales prices have increased 20 % and 26% respectively.
Located in the vibrant Jumeirah Beach Residence (JBR) district of Dubai, the Al Bateen Residences are scheduled for completion by December this year and will offer a total of 304 apartments, from spacious one-bedroom options to ‘super penthouse’ level homes with over 7,200-square feet of living space.

“JBR apartments saw a 32% increase in sales price from Q2 2012 to Q2 2013. We haven’t witnessed any slowdown in transaction volumes or sales growth in the second half of 2013 to date, and new project launches like the Al Bateen Residences at JBR continue to offer an extremely attractive lifestyle investment proposition,” said Sean McCauley, Director – Agency, Asteco.
A prime development from Al Ain Properties, overlooking the popular landscaped beachfront and retail promenade – The Walk - the 50-storey residential tower will be twinned with an adjacent 24-floor hotel that will be managed by an internationally renowned - hotel chain.

Residents will be able to enjoy exclusive access to an extensive suite of hotel services and luxury facilities, and come with their own recreational facilities and dedicated parking.
Apartment options include two-bedroom units ranging from 1,462 to 1,717 square feet, 1,808 to 2,952-square foot three and four-bedroom units, and a limited number of penthouses.
Also on show at Cityscape Global will be the new twin Beach Towers developed by Al Badie Group, located on Reem Island, Shams Abu Dhabi.

“This is a high-quality development, in a much sought-after location. An easy commute into the centre of Abu Dhabi, close to all amenities and as the name suggests, offering an idyllic coastal lifestyle, at one with nature,” said McCauley.
Conveniently situated on the shores of the mangroves coastal area, the twin towers each consisting of 28 floors, are joined together by a podium, and offer a total of 431 luxury apartments ranging from one to four bedrooms.
Residence owners and tenants will have a wide range of high end facilities on their doorstep, including the beach, swimming pool, health club and spa. All units also come equipped with premium quality kitchen appliances and balconies.
The beautifully appointed and spacious apartments at Beach Towers are ready to move into.
Asteco is located in hall 3, stand number 3D20, at Cityscape Global.

For more details, please visit

Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in Dubai in 1985. Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.

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