Eng. Ahmed Sabbour, founder of Landmark Sabbour, said: “The 2.6 million-square-foot project reflects the increase in demand in the real estate sector in Dubai.”
Dubai, United Arab Emirates, AETOSWire: Continental Investments launched their newest project, Rukan Residence, which offers upscale living in Dubai inspired while taking inspiration from the culture of the UAE. This was during a ceremony which took place yesterday night in Armani Hotel, Burj Khalifa, under the slogan “Breathe the aroma of life”. Businessmen, officials from the public and private sector, some elites from the media, artists and social media practitioners attended the launch ceremony.
The one billion dirham project in Dubai Land reflects the increase in demand in the real estate sector in Dubai by investors and end users. It also demonstrates the diversity of urban landscape, culture and civilisation in Dubai. These factors prompted Landmark Sabbour, which is based in Cairo, to enter the Emirati market by forming Continental Investments in 2011. The new company aims to develop the real estate while maintaining the Arabic identity.
Rukan Residence is considered the second real estate development project in Dubai. This new project is located next to the Arabian Ranches project, top shopping centres, golf courses and entertainment facilities. 70 per cent of the project is allocated for public open areas and green landscape to give a calm environment. The project includes a completely serviced residential complex made up of villas, town houses, twin houses, studios and luxury apartments in various areas. In addition, there will be a commercial area consisting of retail space, special places for having a walk, entertainment facilities, which include tennis courts, sports club, special routes for running and cycling, a nursery and a mosque.
Mr Ahmad Sabbour, the CEO of Continental Investments said during the ceremony: “It is my pleasure to reveal the details of Rukan Residence project which celebrates the cultural diversity. The 2.6 million-square-foot project reflects the increase in demand in the real estate sector in Dubai. The retail spaces, entertainment facilities and homes are surrounded by green areas with designs that reflect our main priority: that residents experience a positive and inspiring environment with strong humanitarian values. We are confident in the ability of Dubai’s market ability to draw to foreign investment, providing returns that are from the top regionally.”
He also added that choosing the location of Rukan Residence came after a long study to find the best location for fast-growing urbanisation with high investment returns and a destination to attract new investors, which gives them high returns in the future.
This launch of Rukan Residence comes in accordance with the company’s plan and strategy to expand its special projects, especially after the remarkable success of 400-million-dirham Continental Tower, located in the Dubai Marina. Its 555 flats distributed along 29 residential floors are known for their charming view and entertainment facilities.
Landmark Sabbour is also studying investment opportunities in Greece through Continental Investments.
About “Land Mark Development & Real Estate Development Company”
“Land Mark Development & Real Estate Development” company was established in the Egyptian capital Cairo in 2007 and that was to maximize Sodour Real Estate Group’s trend in the Egyptian market place. And the main purpose of the company since it was established was to enter the Gulf and European market to present a distinctive service to Sodour’s clients and offer real estate products that fits the level of demand in those markets. Land Mark Company has a diversified real estate portfolio in terms of usage and in terms of the spread across distinctive geographical locations. And the company’s portfolio consists of real estate residents (villas and apartments,) commercial, administrative, luxurious tourist villages, and multifunctional towers.
“Land Mark Development & Real Estate Development” projects are found in the places which has high real estate investments and tourism attractions and that is in four local market, which is; New Cairo, North Coast, Alain Alsokhna and Sharm El-Shaikh, in addition to the outside market they are in cities like Dubai and Barcelona. The company’s total land surfaces which they have projects in inside Egypt are almost 5.3 million metres, with a total sale of 10 million Egyptian pound.