Green Yard launches 313-unit residential project in Dubai

The $41mln project features 313 luxurious residential units, including 153 studios, 151 one- and nine two-bedroom apartments

  
General view of Dubai's cranes at a construction site in Dubai, UAE December 18, 2018. Image used for illustrative purpose.

General view of Dubai's cranes at a construction site in Dubai, UAE December 18, 2018. Image used for illustrative purpose.

REUTERS/Satish Kumar

UAE-based Green Yard Properties Development has announced the launch of its new sustainable and eco-friendly residential project, Joya Blanca, located within the Arjan Al Barsha community in Dubai. The project offers 313 luxurious residential units, including studios, one- and two-bedroom apartments.

The project, which is estimated to cost AED150 million ($41 million), features 313 luxurious residential units, including 153 studios, 151 one- and nine two-bedroom apartments.

Unveiling the project, Green Yard Properties said the company aims to provide high-end residential units within all its developments, and at competitive rates starting from AED306,000 onwards along with a guarantee for the investors of a profitable return on investment of 8%.

The project has been registered and licensed by the Real Estate Regulatory Agency (RERA) in 2020, and conforms 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, it added.

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.

Managing Director Mahmoud Awad said: "We started work on Joya Blanca during the Covid-19 pandemic and have been able to reach over 15% project completion."

"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," he added.

Awad pointed out that Joya Blanca was three times bigger than the company’s latest development, Joya Verde, which got completed in 2019.

Green Yard Properties has announced flexible payment option for the new project, wherein buyers and investors can book the apartments with a down payment of 10% and then complete the payment process within up to 5 years.

"We expect an increase in demand for residential units in the project as a result of our competitive prices and flexible payment scheme. This will be open to all future Green Yard projects," he added.-TradeArabia News Service

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