Construction

Burooj upbeat about real estate market prospects

Real estate arm of Abu Dhabi Islamic Bank views Egypt as an important real estate market

The real estate arm of Abu Dhabi Islamic Bank (ADIB), Burooj Properties is upbeat about the future prospects for the local as well as the regional real estate market, following the conclusion of its participation in a number of real estate exhibitions and events.

The real estate developer has taken part in the 23rd edition of the Egyptian Real Estate Investment Gathering, which was held recently at Sheraton Corniche Abu Dhabi, where it showcased its ‘Village Gardens Katameya’ project located in East Cairo, Egypt.

Burooj owns 425 housing units in the project, which targets Egyptian expatriates living in the UAE and other GCC countries.

“Burooj Properties sees Egypt as one of the most important real estate markets,” said Adel Ahmed Al Zarouni, managing director of Burooj Properties.

Showcasing the project was aimed at “boosting public trust in our services, in line with our plans aiming at identifying our diverse portfolios of services, including management, brokerage, development and finance,” Al Zarouni said.

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