Cityscape Abu Dhabi showcase draws investors to its premiere developments and unique investment opportunities
Dubai, May 2008: Schön Properties underscored its growing prominence in the UAE property sector with an impressive showcase of properties and investment opportunities at the recently concluded Cityscape Abu Dhabi exhibition.
Bannered by its Dubai Lagoon and Schön Business Park projects, Schön Properties impressed investors with its strategic positioning of the newly launched Schon Suites project, located in the Downtown Jebel Ali area - a 200-hectare, mixed-use urban community along an 11 kilometre stretch of Sheikh Zayed Road.
Schon Properties flagship project Dubai Lagoon, is targeted to families searching for affordable, quality homes in Dubai has trail blazed the industry for its unique payment scheme, which has helped middle income customers to establish their own foothold on the property ladder.
Schön Properties is prepared to turn over Zone 1 of Dubai Lagoon which consists eight buildings of the 49-building massive residential community. Even more remarkably, the property has appreciated in value, rising from AED500/sq ft when it was launched to AED1,100/sq ft as of today.
It is now focused on the next phase of the Dubai Lagoon’s project which will be known as The Quartet, a community of four inter-connected residential towers located close to the entrance of Dubai Lagoon and just a few minutes drive away from major shopping malls such as Ibn Battuta and Mall of the Emirates. It is also situated near the upcoming Al Maktoum International Airport and will be served by one of the Dubai Metro lines.
One of the fastest growing property firms in the country, Schön Properties also unveiled last year another major project – Schön Business Park, a complex of versatile, self-contained business centres with high-tech facilities and retail spaces which is filling a gap in the market for flexible and cost-effective office spaces in Dubai.
Schön Properties already launched Schön Suites, a unique investment proposition in which it will rent out the 196-room hotel apartment property whose income will be proportionately distributed among all the owners as per their share in the development.
Given tourism numbers that are bound to increase even more in the next five years, Schön Suites affords investors the security of steady income and return, which could reach up to as much as 20 percent.
Additionally, investors can also look at Schön Suites as an investment into a second home in Dubai managed for them by Schön Properties and in which they can stay for 22 days for free every year.
“With many of our project sold out a few months after launch, our goal in Cityscape Abu Dhabi was to give investors and property observers a more macro-view of the company. We want to be able to communicate that we are a real estate firm driven by foresight and innovation, and these show in the properties that we develop,” said Asher H.Schön, Vice President of Schön Properties.
With its keen understanding of the market and what it needs, Schön Properties has succeeded because it has responded with exactly what the market needs. “Plus, we invest in developing areas where we have a competitive advantage, guaranteed civic infrastructure, and the promise of high future growth and increased property values which allow us to come up with such a strong value offer to clients that they find impossible to resist, and has been a major reason for our success,” he ended.