Bonyan hits Dh4bn sales target

Bonyan International Investment Group yesterday achieved sales of Dh4 billion for 135 plots of land in "Sama Al Jaddaf" a master-community project of Bonyan in Al Jadaf area, said the Dubai-based real estate investment company.

The project will comprise mixed-use ventures of residential, commercial and hospitality developments.

"The success of the 'Sama Al Jadaf' project is a testament to the broadening scope of investor interest that Dubai is enjoying today, as we witness the coming of age of new territories that are being groomed to be the next important addresses in the country such as Al Jadaf," said Abdullah Atatreh, Chairman of Bonyan International Investment Group in a statement.

"The number of local and GCC-based investors who have acquired plots within this project is also an indication of the regional market's strong support for high quality developments. We are looking forward to the completion of the properties in 'Sama Al Jadaf' in the coming years, when we will see the full impact of this project in the real estate landscape of Dubai," he said.

Prior to the developer announcing "Sama Al Jadaf", the developer launched the Dh3.5bn 'Eye of Ajman' community development located along Emirates Road in the Al Hamidiyah area.

"Following the tremendous success of our first community development, we are proud to announce that the 'Eye of Ajman' project is continuously generating the same intense response from investors and end-users.

"In line with these successes, our plan is to nurture the confidence of our clients by delivering high quality units that meet their demands while adhering to the deadlines we have set.

"We are guided by our primary objective to establish a strong presence in the UAE's real estate market and a place within the industry's top five developers," said the chairman.

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