Dubai-based Ayana holding has built a joint meeting with Florida’s Marsan Real Estate Group to build a $1.6 billion (AED 5.88 billion) new project, BellaViva at Whispering Hills, in the US.
The partnership will help Ayana to build its presence in North America and help Marsan to grow into a wider market, providing investors from GCC states and all around the globe new attractive investment opportunities in a booming housing market, Ayana said in a statement.
Situated in Florida, Leesburg, the BellaVivav at Whispering Hills project will have golf courses, restaurants, shopping malls, a medical clinic, boutique hotel, spa, hospital, and commercial space, the statement provided.
Containing 5,500 luxury homes over 1,800 acres of pristine land, hills, lakes, nature reserves, and an equestrian center, BellaViva is expected to be the quickest developing local area for retirees and seasoned investors.
Jean Marsan, the founder of Marsan Real Estate Group, said: “Although we are not aware of the sole reason for a continuing strong momentum in Florida’s housing market, we believe that a combination of factors including the Hispanic population boom, pro-economic government, and the reputation of being one of the top five tax-friendly states are at play as well.”
In Florida alone, property prices have risen by 6.61 percent since former President Donald Trump declared a state of emergency last March.
In Florida alone, property costs have increased by 6.61 percent since former President Donald Trump announced a state of emergency last March.
It is forecasted that by 2030, the average real estate price in Florida will touch $437,921, counting it in the top ten states ahead of New York and New Hampshire, with a headcounts rise of 6 million over the decade, the statement provided.