ACW Holdings opens UK sales centre and showroom

ACW Holdings, a leading property developer specialising in high-yield investment opportunities across the residential, retail, serviced apartment and commercial office sectors in the UAE has opened a new dedicated sales centre and showroom in the heart of Central London.

Located on Edgware Road, the new showroom is a permanent showcase promoting the entire ACW Holdings’ portfolio of commercial, residential and retail developments in the UAE and also acts as a central base for ACW Holdings’ salespeople when travelling from Dubai.

Previously ACW Holdings’ developments were marketed through nationwide exhibitions and road shows, which proved enormously popular and were well received by investors in the United Kingdom.

According to ACW Holdings’ General Manager Ian Pask:

“The professionalism of our sales team and the personal relationships which they have built with our clients has always been an integral part of ACW Holdings’ success. The opening of our new dedicated London sales centre and showroom is an important step forward in our overall business strategy as a real estate developer. This also demonstrates our continued commitment to providing our UK based clients with the highest international standards of customer care, as well as supporting our objective of developing the UK market further in the longer term.”

Scale models and interactive presentations of all ACW Holdings’ developments at the sales centre and showroom allow prospective owners and investors to gain additional understanding about the Dubai property market and ACW Holdings’ innovative high-yield developments.

“Dubai remains a very popular destination for foreign property investment and we aim to create a convenient and comfortable venue for clients to meet with ACW Holdings’ sales team on a one-to-one basis and discuss their individual property investment requirements in privacy and at leisure.” concluded Mr. Pask.

AME Info/Press release

ACW unveils residential project worth Dh200m in Dubailand

Leading developer ACW Holdings, yesterday launched their latest development in Dubai, a Dh200 million freehold residential and serviced apartments project, aimed to give investors annual returns of around 45 per cent.

Platinum Two has a built-up area of 164,598 square feet and is located in Arjan in Dubailand.

It will comprise of a total 254 apartments, 220 being studios and the remaining 34 are one bedroom apartments and 19 retail shops.

The hoped-for 45 per cent on investment is based, in part, on the number of tourist hitting the anticipated 15 million per year by 2010.

According to reports, tourism growth in the Middle East is expected to grow an average of 7.1 per cent up until 2020, while the rest of the world trails on an average of 4.1 per cent annually.

Tourism accounts for 18 per cent of the direct GDP for Dubai of Dh198 billion (real growth) in 2007.

The Platinum Two development is purely freehold and “definitely not a timeshare”, according to Ian Pask, general manager of ACW Holdings.

Units are rented out on a daily, weekly and monthly basis and the income is collected. Once costs have been removed, investors get back around 60 per cent of the net income. Pask said that even of your apartment is never let out, investors receive an income.

Pask said that the company has already sold 1,000 units of this type in their other developments and only six of them have been returned as “our investors are not flippers”.

ACW Holdings currently holds a portfolio in the UAE of around Dh5 billion, including Knightsbridge Court and Kensington Manor residential apartments and Hanover Square serviced apartments. Pask expects this to reach Dh20 billion within three years.

ACW Holdings is launching a Dh1.3 billion project on Marjan Island in Ras Al Khaimah and two projects in Ajman.

The company is also planning to launch a 1,400-unit hotel resort development in Ajman in October.

“We have to look very carefully at Ajman. Dubai is well established for business but Ajman is brand new and people are paying less per square foot there,” Pask said.

“Lots of things are happening in Ajman, lots of cities coming up. But there are issues over electricity and water,” said Pask.