G&Co, SPF Realty unveils 2nd project of The Fields

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G&Co, SPF Realty unveils 2nd project of The Fields
Kalpesh Sampat, director of SPF Realty, said the current market scenario is very healthy for off-plan property projects.

Talking to Khaleej Times Kalpesh Sampat, director of SPF Realty, said the current market scenario is very healthy for off-plan property projects that offer all the right elements.

By Abdul Basit

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Published: Fri 11 Sep 2015, 12:00 AM

Last updated: Fri 11 Sep 2015, 9:31 AM

G&Co and SPF Realty launched the second project of The Fields called: 'Viridian' at the Cityscape Global and their top officials said the response has been very good on the first day.
G&Co develops The Fields project at an estimated value upwards of Dh3 billion in District 11 of Mohammed Bin Rashid Al Maktoum City. SPF Realty is exclusive agent for Viridian.
Talking to Khaleej Times Kalpesh Sampat, director of SPF Realty, said the current market scenario is very healthy for off-plan property projects that offer all the right elements.
"The Dubai market is largely driven by the demand from end-users. With a positive outlook for Dubai realty market, and confidence to meet the requirements, we dispel the negative speculations. The broad-based demand for properties in the market is likely to prevent any crash," Sampat explained.
"People still have faith in the market, thanks to a stable geo-political situation that this cosmopolitan city can leverage in order to assure complete safety and security for property investments. Buyers are putting their money now mainly in off-plan projects as they deliver much higher returns albeit the risk is higher as well. This is an ideal time to buy off-plan properties with the right elements, plan; and low price range per square feet, if compared to other projects in the same area; low ticket sizes, and attractive payment plans that extends to post-handover, he added.
The newly launched Viridian at The Fields is also an off-plan project, which is a gated residential community, consisting of 326 premium townhouses of contemporary style.
The freehold property project, which is scheduled for completion in January 2019, offers six-year payment plan with five per cent down payment starting from Dh117,000 in 2015 with 30 per cent over 30 months, 15 per cent in 2018 and 50 per cent after handover of the property to be paid completely before the year 2021.
Commenting on the launch, Ranjeet Chavan, director of SPF Realty, said: "Viridian is part of The Fields project, where we previously launched Jade. The residential community is set to be the first choice for the 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 we aim to meet the high demand for a project with all the perfect elements that the market demands."
G&Co has 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 - the Dh1 billion Jade at the Fields, the Dh1.5 billion Millennium Estates, and the Dh2.7 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. 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 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.
- abdulbasit@khaleejtimes.com


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