Tarek Kandil Interviewed by GULF TODAY - June 2008 - (English)

Define Prop. Plans Waterfront Projects

BY OUR BUSINESS BUREAU

NEWLY Launched property development company, Define Properties, has entered the market with a flying start after selling their entire first project Nikhi Lauda, off plan, before either company or building launched.
During its launched, Define Properties made its presence known with the announcement of early achievements and its future plans and goals.
Initiated with a paid up capital of Dhs500 million, after acquring different plots land in Dubai, Define Properties' assets today are valued at Dhs 1.7 billion which include 12 plots in the Waterfront and 1 plot in Business Bay.
President and CEO Tarek Kandil said that the company's first project Niki Lauda is already under construction.
"We have decided through our business plan to create a succes story and show how we do the right things the right way! We sold our Niki Lauda twin towers during our setup phase and started enabling and foundation works during the same month. Our planned completion is during the 3rd quarter of 2010 and we are well on shedule." Kandil said.
"We provide distinctive partnership opportunities, brands, investment, houses and individuals who are looking for profitable capital investments and have engaged in both joint veatures and long tem partnership opportunities. With the systems we have in place, we are able to ensure ur partners are offered a plan that provides higher returns on their investments and are able to remain fully secured," Kandil added.
The Company structure has been carefully designed to ensure that all aspects of the property business are covered.
"We have assembled a team of highly specialized professionals that were indivually selected based on their vision and experience in the market to fulfill our mission and objectives and to redefine the propertty cycle from A to Z," said Kadil.
The company is made up of mine specialized deparments which include Development, Finance, Construction, sales and Marketing, Legel Affairs, Administration & Goverment Realations, Facilty Managements, Human Resources and Information Technology, each including a full team capable of carrying out is activities to the highest standards.
"We have already finalizedschematic designs for three projects in the Waterfront and ascrow accounts have already been opened with HSBC and Dubai Islamic BAnk. said Kandil.