Tbilisi – MENA Herald: Green Valley International Real Estate Group one of UAE’s leading conglomerates specialized in real estate development, investment and holdings, has announced the launch of the AED 500 million Green Valley City project in Tbilisi, Georgia. The move represents the company’s efforts to expand and mark its presence across the country’s rapidly growing real estate segment. The announcement of the new initiative follows after the company’s excellent performance in 2015—posting a remarkable 25 per cent increase in revenues as compared to 2014.

According to the company’s senior executives, the Green Valley City project is strategically located across Tbilisi’s Green Belt area, one of the most prominent natural forest reserves in Tabakhmela. The project is spread over an 88,000 square meter expanse where 35 per cent is covered in lush greenery. Green Valley City will integrate modern architecture that is in compliance with the highest standards of environmental sustainability. The project will be composed of 10 buildings containing 510 residential units ranging from studios, one-bedroom and two-bedroom apartments. It will also house a private district catering to luxury villas that are built in the form of elevated stairs to offer panoramic views to its residents.

Green Valley City will also feature a wide range of high-quality recreational services and facilities that have been specifically designed to be at par with the world’s set standards of luxury and efficiency. Once completed, the project will feature key amenities like swimming pools for adults and children; football, basketball, tennis and squash courts; public gardens and children playing areas; a walkway and a fully equipped gymnasium with sauna and Turkish baths; a supermarket; luxury restaurants and cafes and retail facilities.

“Georgia is one of the most attractive destinations for real-estate development and investments in Europe–complete with remarkable nature areas, a secure living environment, socio-economic stability, advanced infrastructure, outstanding investment facilities and attractive incentives such as tax exemption and permanent residency,” said Ali Saeed Al Salami, General Manager, Green Valley International Real Estate Group. “Another key driver is its strategic location, which is a relatively short distance from the Arab World. This has prompted us to develop Green Valley City–aimed towards addressing the growing demand of Arab and Khaliji investors for Arab projects underway in Europe.”

The residential units at the Green Valley City vary between 33.69 square meters and 99.62 square meters. Units are priced starting from AED 167,300. All villas are 205.52 square meters with an outdoor garden spread over 125 square meters. Prices for villas start at AED 885,900.

“The Green Valley City project serves as a key addition to our wide portfolio of projects. As with all of our projects, we are committed to developing Green Valley City in compliance with set international standards and guidelines.  Our aim is to address the different needs of customers–in line with the company’s motto ‘Our Projects are Achievements and not Promotions. We deliver before due time.’ For this project, we will be providing special offerings and facilities to Arab and GCC citizens who would like to invest in it, which further reinforces our commitment to encourage Gulf investments in foreign markets, particularly in Europe where real-estate and construction industries continue to score high growth rates,” concluded Al Salami.