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Emirati youth’s ‘smart investment’ driving UAE property area

PropertyNews Team by PropertyNews Team
February 20, 2021
in New Development, Reports & Updates, Residential, UAE
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UAE’s properties area is seeing a big turnout by Emirati youth as planning and smart investment that attach their future and conserves their savings, mainly in new plan projects that meet their aspirations and furnish them with the vital conveniences to lead a gainful and supportable way of life.

On that note, Joya Blanca, a project developed by Green Yard Properties Development, showed a modern model of residential units that meet the desires of investors, namely the youths, to contribute as of the start of their expert professions because of different motivating forces and installment offices, while keeping a degree of elevated expectations and lavish way of life they are looking for.

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From this point of view, the task’s smart plan completely exploits the structure space which gives a more extensive lodging limit corresponding to the development zone, while as yet keeping up serious costs running somewhere in the range of AED328,000 and AED355,000 for a studio which are advantageous for everybody, notwithstanding offering an assortment of adaptable installment plans, said the proclamation from Green Yard Properties Development.

By this, the project would be finishing the challenging commercial equation of giving the largest housing area, utilizing the best building materials, at a serious selling value, it expressed.

By that, the Joya Blanca project was favored by youths in their twenties who considered for 85% of the total project’s investors, and 10% from outside the USE, and 5% residents.

This is an indicator of the youths’ consciousness of the importance of funding in property, mainly in residential projects that fall within their capacity by providing flexible payment plans that will secure their investment funds simultaneously, said the developer.

The young investors, after a personal visit to the Joya Blanca building site to follow-up on the implementation process that will wholly be finished in the fourth quarter of 2022, review that their investment in this project is a secure one that will save their future and social firmness.

They showed extraordinary trust in the designer because of quick undertaking fulfillment, notwithstanding keeping a 50% of the task an incentive as an assurance at the Real Estate Regulatory Agency (Rera) in Dubai, and the organization’s solid record of conveying past ventures.

“Despite the various challenges the world is witnessing, we were able to provide a sustainable solution for people who are wishing to invest in property by offering high-end residential units in a remarkable location and within reasonable and competitive prices,” remarked its Managing Director Mahmoud Awad.

“We have noticed after the project launch that the majority of investors are Emirati youths who have realized the immediate as well as long-term benefits our project can offer them and realized that such move is the cornerstone of their professional journey,” he stated.

“They understand that it will contribute to revitalizing the economic and social cycles of our country, and reinforce its position as a prospering and leading destination for investment,” he added.

Tags: ConstructionInvestmentPropertyReal EstateSmart InvestmentUAE
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