30 January 2007
Profile Group Properties held a ceremony today to celebrate the pouring of the concrete foundations that mark the official start of construction on their twin ‘Marina Heights’ residential towers on Al Reem Island, Abu Dhabi.
The ceremony was held on site in Zone C of the Island’s Marina Square, which represents ‘Plot One, Phase One’ of Al Reem’s Development.
Attending were representatives from Profile Group Properties (Owner of the Marina Heights towers), Tamouh Investments (Master Developer), ISZL (Construction Consortium), and a selection of private individuals who have themselves purchased apartments within Marina Heights.
The Marina Heights towers are the first residential apartments being sold to all nationalities, to start their official construction on Al Reem Island.
Head of Marketing for Profile, Guy Sadler comments that “Profile Group Properties was the first company to offer luxury apartments on Al Reem Island to all nationalities and as promised our Marina Heights project has started its official construction on schedule. We celebrate today with all our investors as their dream homes and financial investments are now taking shape on the Island”, comments Sadler.
Among the attendees at the ceremony was 34 year old Matthew Holzl, an Australian citizen who has lived in Abu Dhabi for over 4 years. Matthew and his wife have recently purchased their first home together in Marina Heights, and as such today’s ceremony represents a significant milestone for their future in the Emirate. After years of paying ‘dead money’ in rent, forcing them to consider returning to Australia, they can now look forward to sharing a beautiful home of their own, in the city where they first met and now love.
The ability for all nationalities to own property within Abu Dhabi’s ‘Investment Zones’ means that expatriates like Matthew Holzl can now also invest in, and benefit from, the rapid and sustained growth the Emirate in now enjoying.
While today’s events mark a significant milestone for Profile Group Properties, more important is what this means to the hundreds of individual and private investors who have had the foresight and belief in the Abu Dhabi Real Estate sector to continue delivering on its promise.