Green Valley International Real Estate, a Dubai-based real estate company, announced the launch of the City of Green Valley Marrakech project, an investment worth AED 500 million ($136 million), reported Trade Arabia.
The new development project will include 350 villas occupying about 410,000 square meters. In addition to the villas, the project will have studios, one and two bedroom apartments, according to Arabian Business.
The project will also include numerous lifestyle facilities namely swimming pools, health centers, sports complex, a shopping center, cafes, Mosques, a spa, and Moroccan baths.
“This is a luxury project and offers amazing investment opportunities in the city, which is otherwise considered a perfect tourist destination,” said Ali Saeed Al Salami, owner and General Manager of Green Valley Real Estate.
Part of the developer’s strategy to offer GCC nationals an opportunity to purchase properties outside the Gulf region.
According to Green Valley, the choice of Marrakech for the new project is due to its potential in tourism and many economic aspects.
Green Valley International Real Estate has announced earlier in March the launch of two projects in Morocco and Bosnia, an investment of AED 620 million ($168.8 million).