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Chestertons, the international property agency established in 1805, stated that it received an encouraging response from the recently concluded exhibition in Abu Dhabi. The company unveiled an AED8.8 billion ‘Royal Wharf’ project, a series of luxury mixed-use developments by Oxley and Ballymore for Abu Dhabi investors. Royal Wharf will create a new town centre complete with 3,385 new riverside properties, providing homes for approximately 10,000 residents in London.
“We were delighted to witness a tremendous response from Abu Dhabi investors during the launch of the project. UAE is one of our strongest global markets. Investors here understand the strong capital returns from the London real estate marketplace. The city offers a good choice of both investment and lifestyle options thereby making it an attractive choice of location to purchase a home. London is a nearby destination, compared to other global cities, that has a tolerant society and an interesting and exciting city to visit. London, unlike any other property market is a key hub for international property investors. It is a versatile global capital as it offers the best prospects for the investors in terms future growth. Favourable conditions and an upbeat market anticipates growth in the property sales sector in London and this certainly is an ideal time to invest in London properties,” said Samuel Warren, Director of International Residential Developments, Chesterton Humberts.
Prices for these properties start from AED1.6 million. The AED 8.8 billion project is located close to the Emirates Air Line, London’s only cross-river cable car. Royal Wharf is one of the best connected places in London with excellent transport links from Pontoon Dock DLR station and Canning Town on the Jubilee Line, providing access to the West End in 20 minutes, Canary Wharf in five minutes and London City Airport in four minutes. In 2018 a new Crossrail station at Custom House will mean that residents can reach Heathrow Airport in just 41 minutes.
The ‘Royal Wharf’ project will include two new parks and three pocket parks, a high street with nearly 5,000 sq.mt. of shops, bars and restaurants and significant new community infrastructure including a school.
With nearly 3,500 new homes, Royal Wharf is the largest development in London to come forward since the launch of Battersea Power Station and unlike some developments in the capital, provides achievable housing options for Londoners.
The first residents will begin to move into Royal Wharf in mid-2016, just two years after work commenced and in an unprecedented pace of development for London, the whole development will be completed by 2020. The properties, designed by Ballymore comprise of town houses, three bed duplexes, one & two bed apartments and compact suites exhibiting a distinct blend of Georgian tradition with the best of modern living. Each property’s layout and design takes residents’ needs into mind, while maximizing views of the nearby O2, Canary Wharf and the Thames Barrier and the leafy garden squares.
“When complete, Royal Wharf will offer 45% outside space, including leafy squares, a riverfront promenade and a bustling Marylebone style high street with an impressive retail selection, creating a complete neighbourhood lifestyle for residents. With plush amenities and a versatile infrastructure, the ‘Royal Wharf’ project launch is indeed a golden prospect for investors in and around Abu Dhabi to make the best investment deals in this London property,” concluded Samuel.
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