Kleindienst Group has successfully sold 85 per cent of the second homes scheduled for Phase One with a project value of AED 1.5 Billion.
It has worked on properties on Sweden Island, Germany Island and 78 Floating Seahorses situated in a Maldivian setting at honeymoon Island, St Petersburg. Handover of Phase One started in 2018 and is fully on track to complete in 2019.
According to them, the demand from investors, predominantly UAE (40 per cent) and GCC nationals (30 per cent) has been positive, demonstrating an understanding of the new second home concept in this region and the strong opportunity for favourable returns on investment.
Arabian Business' Shruthi Nair speaks to the senior architect of the floating seahorse villa about the ambitious project by The Heart of Europe.
(Source: Arabianbusiness.com YouTube channel)