Luxury Real Estate Development
Luxury Real Estate Development L.L.C., (LRED) was launched in Abu Dhabi in April 2006. Our Company was formed to develop well designed, competitively priced real estate within the U.A.E. Capital. We are seeking development opportunities across the United Arab Emirates and future growth ambitions include expansion into neighboring G.C.C. countries. Our Company is currently developing Mangrove Place, a residential building with a retail element on a prime plot within the master planned Sorouh’s Shams Abu Dhabi Project on Reem Island. The building offers skillfully planned and designed residential apartments with intelligent utilization of space to maximize the investment return. The efficient planning and design allows us and our exclusive sales agent LLJ Property to market units at more affordable prices than similar property types being developed by other companies within Abu Dhabi real estate sector. For the investor this means the opportunity to attract more competitive rental yields. Mangrove Place is located on the waterfront adjacent to the prestigious Sky Tower - a future iconic landmark within Shams Abu Dhabi. It offers an ideal live/work environment for the mid to high level management sector and will appeal to those seeking a cosmopolitan lifestyle close to the downtown area. The terraces and balconies are prominent features of the building offer spectacular panoramic views of the water, native mangroves, Abu Dhabi Island and the southern and western areas of Al Reem itself. This property includes retail space for commercial and food and beverage outlets with outdoor terraces leading onto the boulevard running along the canal and sea frontages. Luxury Real Estate aims to make a significant contribution to the future of Abu Dhabi through its real estate projects. We have an integrated team approach to development to ensure that its projects fully address all design and lifestyle parameters. We involves the real estate agents, cost managers, architects, designers, project managers and marketing specialists from the initial planning stages through to conclusion. LRED’s first project, Mangrove Place, is scheduled for completion first quarter of 2010.