Company to deliver 97 villas and 120 hotel apartments to investors by Q2 2021
[Dubai, UAE, 10 November 2020] – GVG Real Estate Development, which is based in Dubai, United Arab Emirates, has announced the acceleration of construction works across its iconic mega-project “Emirates Touristic Resort”, the largest mixed-use development project off the plains and foothills of the famous Atlas Mountains in Marrakesh, the third largest city in Morocco.
“Emirates Touristic Resort” extends over an area of more than 47 million sq. ft., and features 350 modern residential villas with a distinctive Emirati style, 36 hotel apartment buildings with lush green landscapes, medical tourism centers, a spa, a sauna, shopping centers, restaurants, cafes, sports complexes, swimming pools as well as green parks.
The project is being developed in 4 phases, two of which are already under completion and include infrastructure works, and an 80% completion rate for the construction works for the first batch of residential villas as well as 40% of construction works for the first batch of hotel apartment buildings is completed.
In his comments on the update, Ali Al Salami, founder and president of GVG, said: “The teams on ground are continuing to develop the project, with the aim of completing the first and second phases during Q2 2021 so we can start the handover process which include over 97 residential villas and 8 buildings containing 120 hotel apartments to investors.”
Al Salami added: “The project was previously known as “Green Valley City” before work halted last year, and this is where we came in and acquired the project, appointed well known contractors, and injected huge investments to resume construction and deliver to investors what was promised. We are dealing patiently with the economic challenges posed by the pandemic; however, we have succeeded in securing the project’s supply chains with construction and human resources and equipping the work site with the engineering teams and the required mechanism in order to continue construction works throughout the week.”