Construction at Al Gurg complete

Construction work of the Dh500 million Al Gurg Garden Villas at the Al Reem Island has been completed in seven months, developer Burooj properties said. The project consists of 80 villas totalling floor space of about 285,000 square feet, each covering about 4,124 sq ft. The project was launched in January 2009, and the company has been able to finish construction works within seven months, said Managing Director Adel Ahmed Al Zarouni. The finishing works on the villas have now commenced, with handover confirmed for the end of this year. "The achievement at Al Gurm Gardens is a proof that risks can be avoided by adopting appropriate planning, whatever the market conditions are," he said. "The post-crisis property market is far different from that of the pre-crisis period, as the current focus of the developer is the end user, who, in turn, seeks a safe, healthy and environmentally-friendly home alongside innovative design and architecture. We have pledged to meet all of these requirements in our project," he added. Al Gurm Gardens villas are located on Al Reem Island, adjacent to Khalifa Park and Abu Dhabi International Airport. According to a statement released by the company, the region's real estate sector has witnessed a long freefall period which reached its peak in the first half of 2009, following a period of booming growth over the last few years. "Government intervention was noticeable with plans and actions to help the real estate market function better, accelerate the recovery process and stimulate developers," said Zarouni. Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here .