C2 Tower by FGB on Al Reem Island

[Greco]

Has anyone heard about a C2 tower being developed by First Gulf Bank? It is apparently next to the Addax tower on Al Reem Island Abu Dhabi.
Any ideas? Is it a good investment for a 1-bdr appt?

Your help would be appreciated!

[rooney]

Originally Posted by Greco

Has anyone heard about a C2 tower being developed by First Gulf Bank? It is apparently next to the Addax tower on Al Reem Island Abu Dhabi.
Any ideas? Is it a good investment for a 1-bdr appt?

Your help would be appreciated!

i dont know anything about this particular tower , but any project on reem island is good. also first gulf bank are a abu dhabi government backed developer, so i persume your investment will be safe.

[Proper_Property]

Developer and location are great. Whats the price?

[Greco]

The Owner does not want to sell by individual unit anymore but just the entire floor... so the deal is off! The price was Dhs 2050 psf

[amir J]

developer is Green Emirates property ( gep.ae )it is joint stock company by ‘First Gulf Bank’ ,Bank has 40 % share and others are : ‘Aldar Properties’, ‘Sorouh Real Estate’, and
‘Reem Investments’ .

original sales price was AED 1398/ Sq Ft , current premium is 25-30% .

[hamedib]

C2 tower is in Al reem Island and is exactly next to the sea, very good location, construction already started and I have few flats on 11th floor if anyone interested, the payment plan is 30/70 means 30% during construction and 70% on completion. I have 1 BR and 2 BR and 3 BR, I am the owner, so ask me any questions you have. 15% paid already, 5% Jan 09 and then 5% after4 months and another 5% after 4 months, then 70% on completion which is end of 2010.
There is huge shortage of properties in Abu Dhabi, so great investment regarding rental income.
My number is 0505983115 and my name is Behnoush.

[Ayyan]

Originally Posted by hamedib

C2 tower is in Al reem Island and is exactly next to the sea, very good location, construction already started and I have few flats on 11th floor if anyone interested, the payment plan is 30/70 means 30% during construction and 70% on completion. I have 1 BR and 2 BR and 3 BR, I am the owner, so ask me any questions you have. 15% paid already, 5% Jan 09 and then 5% after4 months and another 5% after 4 months, then 70% on completion which is end of 2010.
There is huge shortage of properties in Abu Dhabi, so great investment regarding rental income.
My number is 0505983115 and my name is Behnoush.

what is the price ??

[hamedib]

Hi, As requested, here is the details of the flats in C2 from FGB


11th floor

1 BR: 835 sq ft net area, View: sea, 1 free car park, SP: 1,375,000 All in

2 BR: 1225 sq ft net area, View: sea, 1 free car park, SP: 1,960,000 Allin

3 BR: 1750 sq ft net area, View: sea, 1 free car park,, SP: 2,750,000 All in

Please let me know if any other info you need, thanks Behnoush