Green Valley International Real Estate unveils AED 200mn projects in Turkey

Green Valley International Real Estate unveils AED 200mn projects in Turkey

Move aimed at tapping into immense growth potential on offer

Green Valley International Real Estate, one of the leading real estate companies in the region, today announced a major foray into Turkey with investments to the tune of AED 200 million, to tap into the booming real estate industry in the country and heightened interest from investors and clients.

The company has unveiled three iconic projects in Turkey as part of its plans to invest in the growth potential on offer in the booming market.

These 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 building which will encompass 105 residential apartments in Bursa. This project will offer complete recreational, social and entertainment facilities.

This is a great opportunity for investors to eye the promising Turkish real estate market backed by the expertise, vision and credibility of a leading UAE-based company.

Talking about the investments, Mr Wiaam Mahmoud Rabah, Chairman of Green Valley International Real Estate, said: “Turkey real estate market offers 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.”

Mr Rabah added: “We have plans for three iconic projects in Turkey – we have carved a niche with our delivery standards and our project deadlines, and we are confident that the Turkey projects will also be completed well before the stipulated deadline. The features and characteristics of these projects would be unparallel. The real estate sector in Turkey is on the verge of a major upswing due to the demographic factors and improving economic and political stability, and now is the time to invest.”

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.

The real estate sector in Turkey has grown by 16.1 per cent in 2009 and by 13 per cent in 2011, according to statistics by Turkish Contractors Association and the international investors have a wide array of reasons to invest in the country amidst booming demand and sales.