Over the years UAE has been well on the road to rising real estate developments, some of them truly iconic and cynosure of the world’s eye. In this constantly upward growth of communities and buildings, the Al Badie Group (ABG) has played a pioneering role. Be it on its own merits or sharing the credits with other major developers in the country such as Sorouh, Aldar and Al Qudra, ABG’s success story in property development is an inspiring one.
The Al Badie Towers, for instance, is an impressive 18-storey building with 66 three-bedroom apartments, offices and showrooms. The Beach Towers project on Al Reem Island with its twin towers houses around 400 apartments, many of these offering panoramic sea-views. The tremendous success of this project lies in the fact that the property was entirely sold out, even before the tender was released, such is the investors’ faith in the Al Badie Group.
Not resting on past laurels, but wanting to be on the path to continued success, ABG in 2008 signed an agreement with MIRVAC International Investment Ltd, resulting in the formation of 2 joint venture companies that were to focus on large-scale, premier projects and hotel management.
It is important to note that MIRVAC is an Australian Public Company that is listed on the Australian Stock Exchange within the Listed Property Trust (LPT) Index. While on a strategic global expansion plan, MIRVAC identified UAE and Al Badie Group as partners in progress to establish business ties and make a mark in the hospitality and residential segments of business.
The current total value of ABG Group’s property development projects total an impressive USD 800 million and growing!