BID to showcase Phase 2 of Bawabat Al Sharq at Abu Dhabi Real Estate & Investment Show.

Summary: Baniyas Investment and Development Company (BID) -- the investment arm of Bani Yas Sports Club has today announced its participation at the upcoming Abu Dhabi Real Estate and Investment Show 2009 (IREIS). During the event, BID will showcase Bawabat Al Sharq - its first luxury mixed use development community established in one of the main suburban regions of Abu Dhabi's Bani Yas city. In addition, the developer is offering attractive payment plans and leasehold options during the show.

Baniyas Investment and Development Company (BID) -- the investment arm of Bani Yas Sports Club has today announced its participation at the upcoming Abu Dhabi Real Estate and Investment Show 2009 (IREIS). During the event, BID will showcase Bawabat Al Sharq - its first luxury mixed use development community established in one of the main suburban regions of Abu Dhabi's Bani Yas city. In addition, the developer is offering attractive payment plans and leasehold options during the show. IREIS is scheduled to run from January 27th- 29th at the Abu Dhabi National Exhibition Centre (ADNEC) and the BID stand is located under Stall 3, Hall 4. Commenting on the participation at IREIS, Jawan Alkhaily, Chairman, BID, said, "Bawabat Al Sharq is designed to create an unparalleled attraction that sets a new benchmark in the residential and retail landscape. We launched Phase 1 last year and recorded excellent feedback with nearly 90% already sold and leased. During IREIS, we will be showcasing Phase 2 of Bawabat Al Sharq, where customers can look forward to a community that offers much more than just a home. The main attraction within Phase 2 includes a FIFA-standard football stadium with a seating capacity for over 20,000 spectators." He added, "During the show, we will also extend easy finance and leasehold options for our customers to facilitate investment process. We are also in talks with banks in the UAE to enable financing options for buyers." Commenting on the participation, Wael El Ashry, VP Sales BID, said, "This is our first participation at IREIS. The event not only provides a common platform for interaction but also encourages direct communication between developers and the customers. We have appointed an experienced team of sales staff to assist customers during the show. They will not only provide in-depth knowledge on the development but will also highlight exclusive amenities that are complimentary to the project." BID has announced an attractive 45/55 payment plan, wherein buyers can conveniently pay 45% of the property value over a three-year period. Also, on offer is a 99-year leasehold option under Musataha or Intifaa schemes for GCC nationals and a 20-year long lease option (extendable to 99 years) for other expatriates. BID is offering an ideal mix of modern residential, retail, entertainment and sporting facilities. These include a sophisticated choice of private international schools, state-of-the-art medical centre, sophisticated health club, specialty training clubs and a major sports stadium built to FIFA standards. In addition, the development includes a two-level shopping mall showcasing world-class stores and a four-screen multiplex. Bawabat Al Sharq's premium villas and apartments spread across Phase 1 and 2 will be 2009 Al Bawaba (www.albawaba.com)

2008 Al Bawaba (Albawaba.com)

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