UAE's Green Valley plans projects worth $168m
Green Valley's launch of two projects in Morocco and Bosnia follows the successful completion of developments in Turkey, the UAE and other parts of the Middle East
UAE-based Green Valley International Real Estate has announced the launch of two iconic projects worth $168m (AED620m) in Morocco and Bosnia.
The launch follows the successful completion of landmark projects in Turkey, the UAE and other parts of the Middle East, the real estate firm said in a statement.
Green Valley announced the $136m (AED500m) City of Green Valley Marrakech project which extends over 410,000 sqms and comprises 350 villas.
The project, located around 11km from the city centre, features facilities such as a swimming pool, health centre, spa, Moroccan Bath, sports complex, shopping centre, restaurants, cafes and mosques.
Green Valley has also announced the launch of (AED120m) Green Valley City project at Sarajevo.
The project, located at Vogosca on one of the highest peaks in the city, is Green Valley's first foray in Bosnia.
Extending across 73,000sqms, the development features 106 independent villas and 224 apartments.
The project, which features studios, one and two bed apartments as well as villas, also includes swimming pools, health club, walkway, playground basketball, gymnasium, supermarket, restaurants and cafes.
Mr Ali Saeed Al Salami, owner of Green Valley Real Estate, said: "We are priviledged to announce two new iconic projects in Marrakech and Sarajevo, which offer an excellent growth potential for investors looking for substantial return on investments.
"Both are luxury projects that offer amazing investment opportunities in cities which are considered the perfect tourists destinations.
"As one of the leading players, Green Valley aims to take its expertise on a global scale to reinforce its industry expertise as well as strong fundamentals.
"We look forward to providing a major momentum to the real estate growth curve through these iconic projects.
"The features and characteristics of these projects are unparalleled and we expect the demand to be phenomenal."
The launch of the two projects is part of Green Valley's strategy to offer GCC nationsl the opportunity to invest in properties outside the Gulf region through iconic projects.