Green Yard Properties Development launches new residential project, ‘Joya Blanca’
Green Yard Properties Development launched its sustainable and eco-friendly residential project “Joya Blanca” in Arjan Al-Barsha in Dubai at a total cost of AED 150mn, which was recently launched during an event held at the ME by Meliá Hotel in Dubai.
The project offers 313 luxurious residential units, including 153 studios, 151 one-bedroom apartments, and 9 two-bedroom apartments, each of which features modern colors and high-quality finishing, where buyers and investors will benefit from flexible payment plans of up to 5 years with a down payment of 10%.
“Joya Blanca” is considered one of the real estate projects that were registered and licensed by the Real Estate Regulatory Agency (RERA) in 2020, and conform with its newest regulation of depositing 50% of the project’s cost upfront to lower the risk for the investors, guarantees the completion of the project, and ensures the developer’s credibility.
This project is three times bigger than the company’s latest project “Joya Verde” which was completed in 2019; this proves the strength and stability of the company in light of the challenges posed by our current times.
Eng. Mahmoud Awad, Managing Director of Green Yard Properties Development, said that working on the “Joya Blanca” project began at a time when the Covid-19 pandemic imposed the worst economic conditions in the region.
This stresses on our great confidence in the strength and stability of the business environment in Dubai, emphasizing that the emirate is considered an encouraging and supportive environment for business and attracts foreign investments, which contributes to reinforcing its regional leadership and global position by offering a suitable environment for investors and the best conditions for local and global dealers.
Awad also stated that the company has recently started the project’s constructional work and completed more than 15% of it. He expects an increase in demand for residential units in the project as a result of their competitive prices and payment facilities, as Green Yard is keen to provide flexible payment plans for all its projects.
Awad indicated the company is devoted to providing high-end residential units in all its projects, and at competitive rates as the rates that start from 306,000 AED and guarantees a profitable return on investment of up to 8%.
Awad pointed that the company designs its projects in compliance with the highest standards of quality and safety while still adopting a modern lifestyle aimed at preserving the environment. He said, “we have made the investment in Arjan region our priority plan, and we look forward to developing more luxurious projects at affordable prices, yet with extraordinary designs that showcase a unique scenery in Dubai. Upon completion, the project will include luxurious residential units in addition to commercial and service facilities”.
On another note, Awad indicated that this year will witness a growth in demand in the real estate sector in general, and residential units in particular, in light of the overall business growth in Dubai which requires hiring more manpower on all levels, in addition to the latest governmental legislations and incentives aimed at attracting investors and talents to reside in the UAE, in addition to the continuous support of the Dubai Land department (DLD) for developers to overcome all challenges facing them.