An unprecedented payment plan is on offer for the premium townhouses with 5% down payment starting from AED 117,000 in 2015. Over a period of 30 months, the buyer pays 30% of the unit value, plus 15% in 2018 and 50% after handover of the property to be paid completely before 2021.

Dubai, United Arab Emirates - Monday, September 21st 2015 [ME NewsWire]

G&Co, a premium property developer in the Middle East region, has unveiled Viridian at The Fields residential community project at Cityscape Global 2015, which concluded at Dubai World Trade Centre on Thursday. This is following the successful launch of Jade at The Fields. SPF Realty, the leading real estate broker in the UAE’s freehold property sector, showcased the Viridian at The Fields project at Stand No. SAG 30 in Sheikh Saeed Atrium.

G&Co develops The Fields project at an estimated value upwards of AED 3 billion in District 11 of Mohammed Bin Rashid Al Maktoum (MBR) City, Dubai’s iconic community destination and one of the world’s prime residential locations. Viridian at The Fields is a gated residential community, consisting of 326 premium townhouses of contemporary style. The project is conveniently located in the MBR City master development with proximity to Downtown Dubai and easy access to all highways, community parks, shopping destinations, business districts, and education zones in the city.

G&Co offers an unprecedented, six-year payment plan for the freehold property project, which is scheduled for completion in January 2019. The payment plan allows the buyer to book the property at 5% down payment starting from AED 117,000 in 2015 with 30% over 30 months, 15% in 2018 and 50% after handover of the property to be paid completely before the year 2021.

Commenting on the launch, Mr. Ranjeet Chavan, Director of SPF Realty, said: “Welcome to the new name in Dubai’s luxury community living. Viridian is part of The Fields project, where G&Co previously launched Jade. The residential community is set to be the first choice for property investors in Dubai market, with demand for premium homes in the city increasing, led by Dubai’s status as the region’s business and lifestyle hub. With this prestigious project, G&Co aims to meet the high demand for a project with all the perfect elements that the market requires. Groundbreaking of Viridian project will be made in the first half of 2016.”

Mr. Kalpesh Sampat, Director of SPF Realty, said: “G&Co offers an exceptional payment plan for the off-plan freehold project. The properties are offered at low prices per square feet with 30% of the unit value is payable easily in half yearly installments over a period of 30 months. The payment plan allows the buyer to book the property at 5% down payment (plus 4% Oqood), and 6% payment every 6 months in 5 installments until completion of the project. Payment of the next 15% is payable on handover of the unit, and the remaining 50% is payable in quarterly installments over 3 years after handover of the property.”

“The sprawling green gardens and picturesque landscaping of Viridian at the Fields community will be home to 326 spacious townhouses of three and four bedrooms. This premium project is set to offer a community pool and gym, retail space, landscaped garden, parks and kids play area, and other modern amenities,” said Mr. Chavan.

The Mohammed Bin Rashid Al Maktoum City is a multi-billion dollar city project, which will include the world's biggest shopping mall, a universal family theme park and a park that is a third bigger than Hyde Park in London. Viridian has a serene setting at the Fields in the heart of the Mohammed Bin Rashid Al Maktoum City, inspired by the greenery and openness of nature infused with a subtle oriental influence. The community feels like a world away from city life, providing an oasis of calm to nurture the mind, body and soul. The contemporary homes at Jade are crafted with a gracious lifestyle.

Investors of any nationality, irrespective of their residency status, can buy properties in Viridian at the Fields. The property purchased by an expatriate will be put in his/her name for life, which allows the buyer to register the property in Dubai Land Department. The owner will then have full rights to the property, including the right to sell, lease or rent it at his/her own discretion. This property can also be inherited, in line with Dubai Government laws.

G&Co is a premium property developer in the Middle East region, involved in planning and developing world-class master communities. G&Co appointed SPF Realty for Viridian at the Fields project as a continuation of their successful association after receiving overwhelming response for their previous three projects -- Jade at the Fields, the AED 1.5 billion Millennium Estates, and the AED 2.7 billion Grand Views at Millennium Estates, which were exclusively marketed and sold by SPF Realty. The success of these projects, marketed by SPF Realty, reflects the increasing demand for housing properties in Dubai as more investors from different parts of the world are coming to this market.

Contacts

Rasheed Palliyalil / Nasreen Syed

Watermelon PR

Dubai, UAE

Tel: +971-4-2833655

Email: rasheed@watermelonme.com

 / nasreen@watermelonme.com  

Permalink: http://www.me-newswire.net/news/15779/en