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Wed 30 Mar 2016 01:52 PM

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UAE's Green Valley plans $168m projects in Morocco, Bosnia

Real estate firm says launch follows completion of projects in Turkey, the UAE and other parts of the Middle East,

UAE's Green Valley plans $168m projects in Morocco, Bosnia
Green Valley has announced the launch of a AED120 million Green Valley City project at Sarajevo. (Photo for illustrative purposes only)

UAE-based Green Valley International Real Estate has announced the launch of two projects worth AED620 million ($168.8 million) in Morocco and Bosnia.

The launch follows the completion of its projects in Turkey, the UAE and other parts of the Middle East, the company said in a statement.

Green Valley announced the City of Green Valley Marrakech project, worth AED500 million, extending over 410,000 square metres and comprising 350 villas.

The project, located around 11km from the city centre, covers lifestyle facilities including swimming pool, health centre, spa, Moroccan Bath, sports complex, shopping centre, restaurants, cafes and mosques.

Green Valley has also announced the launch of a AED120 million Green Valley City project at Sarajevo, strategically located at Vogosca on one of the highest peaks in the city.

The project is Green Valley's first foray in Bosnia and is spread across 73,000 square metres with 106 villas and 224 apartments.

It also features swimming pools, health club, walkway and playground basketball, gymnasium, supermarket, restaurants, and cafes.

The launch of the two projects is part of Green Valley's strategy to offer GCC nationals the opportunity to invest in properties outside the Gulf region.

Ali Saeed Al Salami, owner of Green Valley Real Estate, said: "We are privileged 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."

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