Green Valley Int'l Real Estate announces foray into Turkey with launch of three projects
UAE-based Green Valley International Real Estate has announced a major foray into Turkey with investments totalling AED200m ($54.5m).
The company said it aimed to use the investments to tap into the "booming real estate industry in the country and heightened interest from investors and clients".
The Abu Dhabi-headquartered company has unveiled three projects in Turkey.
These projects include a compound with 80 villas 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, 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.
"We find the time opportune to invest in this booming market, and investors who are eyeing good growth should tap into this opportunity."
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 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."
Green Valley has units operating in the UAE, Qatar, Lebanon, Syria, Eqypt, Morocco and Turkey, according to its website.