DUBAI, 29 April 2008 — Asian investors have shelled out approximately 9 billion dirhams ($2.4 billion) in real estate investments into the UAE from March 2007 to the early months of 2008, according to recent market studies. Driven by the huge potential of marketing its developments to Asian-based investors, Bonyan International Investment Group has participated at the recently concluded Cityscape Asia 2008, where it showcased its 3.5 billion dirham ($1.27 billion) project portfolio.
As one of the five real estate companies that represented the UAE at the event, Bonyan’s participation was aimed at increasing its penetration in the Asian market to further reinforce its presence in the international real estate arena.
With industry experts projecting further growth in investment opportunities within the UAE real estate market, investors from India, Pakistan and Iran continue to patronize commercial, residential and mixed use spaces within the country’s most sought-after developments.
Backed by a strong portfolio of high value real estate offerings and an array of value added services, Bonyan’s strategy is to develop more unique projects that can deliver outstanding investment returns.
In addition to favorable economic and geographical conditions, the involvement of governments through several landmark legislations being enacted across the seven emirates has further positioned the UAE as regulated and investor-friendly market. Visitors and participants at the three-day exhibition gained a clearer overall perspective of the booming real estate landscape of the UAE and the Middle East region, and the outstanding investment opportunities being offered by Bonyan through its current development projects such as Dubai Gate 1 and 2, Sharjah Gate and ABBCO Tower.