UAE property group to invest $54m in Turkey
Dubai, December 4, 2013
UAE-based Green Valley International Real Estate has announced plans to invest Dh200 million ($54.4 million) in Turkey real estate projects.
The Emirati company has launched three projects in the country to tap the growth potential on offer in the booming market.
The projects include a compound with 80 villas equipped with full facilities in the city of Bursa; a compound with 30 villas in the city of Sabanja; and a compound with 15 buildings which will encompass 105 residential apartments in Bursa.
Wiaam Mahmoud Rabah, the chairman, pointed out that Turkey real estate market offered an excellent opportunity for property investors looking for substantial return on investments.
"As one of the major players in the sector, we find the time opportune to invest in this booming market, and investors who are eyeing good growth should tap into this opportunity," he said.
"The company’s projects in Turkey would be competitively priced in line with mid-size developments, but will come with world-class amenities associated with high-end communities," he added. - TradeArabia News Service