Tamouh Initiatives set to Boost End-User Confidence

ABU DHABI, United Arab Emirates - Tamouh Investments, a leading Abu Dhabi based master developer, announced the creation of a new subsidiary, as it moves to reach end-users. ThreeSixty Estates Management has been launched to provide sales, marketing, property and facilities management. Furthermore, to instill confidence in the Abu Dhabi real estate market, Tamouh is embarking on a new end-user focused sales strategy, which is tailored to address the needs of prospective home owners.

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Tamouh’s main project in Abu Dhabi is the development of 1,250 acres of land on Reem Island, located within the new Central Business District of the UAE Capital. The first phase of this 12 million square meters built-up area project is Marina Square. The 15 towers of Marina Square are scheduled for completion in December 2009. Commenting on the progress of its projects on the Reem Island, Mr Joe Ong, CEO of Tamouh said: “We are committed to deliver our projects on time and our workforce has been mobilized to achieve this objective.”

The Reem Island development incorporates features like enabled ‘Smart Home Technology’, roof-top gardens, central district cooling, centralized laundry and a host of other environment friendly facilities. It will also provide community facilities that will cater to the residential, commercial, medical, and leisure needs with fully equipped clinics, mosques, parks, day-care centres and convenient outlet supermarkets.

Commenting on the Abu Dhabi Real Estate market, Dr Daniele Seraphim, General Manager of ThreeSixty said:” The Abu Dhabi real estate market is fundamentally different from almost any other place in the world. We still have a growing economy, jobs continue to be created and people are moving here each day. This is coupled with an existing shortage of housing in the Capital.”

In response to the changing market dynamics, Tamouh, through its subsidiary ThreeSixty, will offer attractive buying options to help regain the confidence of the Abu Dhabi real estate market. Dr Seraphim stated: “ThreeSixty will be offering packages that best suit the needs and affordability of end-users. This approach combines quality with multiple advantages including direct purchase from a renowned master developer, a payment plan linked to construction milestones achievement and convenient monthly installments after handing over.”

ThreeSixty will represent Tamouh’s diverse project portfolio that includes prestigious projects like Marina Square, City of Lights and Central Business District on Reem Island, as well as other projects such as Meena Plaza in the Meena Zayed Port area.

Dr Daniele Seraphim Chief Operating Officer - Corporate Abu Dhabi Trade Centre (Abu Dhabi Mall) 6th Floor EastWing Tower PO Box 105507 Abu Dhabi UAE Tel +971-2644218 Ext 213 daniele@tamouh.com

Source: Tamouh

Dr Daniele Seraphim, Chief Operating Officer - Corporate, Abu Dhabi Trade Centre (Abu Dhabi Mall), 6th Floor EastWing Tower, PO Box 105507, Abu Dhabi UAE, Tel +971-2644218 Ext 213, daniele at tamouh.com