In a step that is expected to reinforce its growing footprint in the regional real estate sector, Green Valley International Real Estate – one of the leading real estate companies in the region, today announced that the board has approved its future growth roadmap across the UAE and region.
In an internal meeting held recently at The Address Hotel, the board of Green Valley also approved the impressive results achieved by the company in the first quarter of 2014. The company’s net profit surged 15% to Dhs20 million in Q1 2014, compared to Dhs17 million in the same period last year.
During the meeting, the company’s top management also felicitated three top salesmen for their impressive performance in the first quarter of this year..
Later, the company’s growth plans for the rest of the year and beyond was unveiled, which was approved and endorsed by the board. Notable developments planned this year include iconic developments worth in excess of Dhs2.5 billion across the UAE and Turkey.
Mr Ali Saeed Al Salami, General Manager of Green Valley International Real Estate, said: “We are extremely proud of our achievements in 2014 and we are bullish about our growth for the rest of the year. The meeting endorsed our plans in the UAE and region, and we are confident of achieving all our set objectives. We are witnessing an amazing growth trajectory amidst strong potential on offer in the real estate sector. As one of the major players in the sector, we find the time opportune to invest in the booming real estate markets across the region.”
He added: “We also took the opportunity to honour some of our colleagues for their impressive performance. This gesture is part of our endeavor to harness the human capital and encourage them and others to excel.”
The company had earlier announced a landmark residential project in Dubai Sports City, on the Sheikh Mohammed Bin Zayed Road, worth AED 1.5 billion. The massive project will encompass a total of 200 apartments in various sizes.
Green Valley also announced details of its projects in Turkey, with a total worth of Dhs1 billion. These include the huge project in Trabzon, with its expanded scope of 300 apartments. The company had earlier announced that only 150 apartments in the project.
Well-renowned for its prompt adherence to delivery schedules and project quality, Green Valley has announced that in 2014, it will deliver five key projects in Lebanon; close on the heels of the company handing over three projects in 2013.
Green Valley also has a number of projects under way across Lebanon, Turkey, UAE, Syria and Egypt. Earlier this year, the company had announced a major foray into Turkey with investments to the tune of Dhs200 million, to tap into the booming real estate industry in the country and heightened interest from investors.
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