UAE-based Green Valley International Real Estate Group announced the launch of AED500m worth Green Valley City project in Tbilisi, Georgia.
The company aims to expand its presents across Georgia as the company has marked a 25% increase in revenues in 2015 as compared to 2014.
The project, situated across Tbilisi’s Green Belt area, spreads acorss 88,000 square metres with 35% covered in greenery. It includes 10 buildings containing 510 residential units ranging from studios, one-bedroom and two-bedroom apartments.
Ali Saeed Al Salami, general manager at Green Valley said that a key driver of choosing Georgia 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.
“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.”