Rakeen confirms ongoing drive to offer high returns on Uptown Tbilisi towers (GE)

Rakeen Development has confirmed its ongoing drive to offer high returns and low risk commercial property investment opportunities. Rakeen has now launched the sale of 50% of the Uptown Tbilisi residential & office towers in Tbilisi Georgia. With projected NIY 15% upwards, fully property managed, full insurance option, UAE government investment authority & global banking institute investors the property asset can confidently be seen as positive low risk addition to a property investment portfolio.

The office & residence towers are expected to be completed in 2012.

The business tower will offers 30 floors of agreeable environment and comfortable places to work and succeed. Totaling NLA – 21,000 m² of A class office spaces, with a range of exciting recreational and state of art business services facilities, restaurants and a cigar bar. Meanwhile the Residential Tower will offer 22,742 m² of elegant and relaxing living apartments, complementing numerous of leisure offerings.

"We are determined to construct and manage one of the biggest developments in Tbilisi which, we believe, will become Georgia's natural destination of choice for living and working, shopping and leisure, entertainment and social events. Each component of Uptown Tbilisi will represent an integration of self contained environment of complete convenience."

Source: Rakeen

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