New realty solutions for distressed investors

DUBAI: GVG Real Estate Development introduces innovative real estate solutions for real estate buyers of delayed or canceled off-plan projects inside or outside the UAE, who are experiencing delays in their projects due to the recent Covid-19 crisis, which is expected to have long-term repercussions.

The real estate innovative solutions target investors or end-users who bought in troubled off-plan real estate projects inside or outside the UAE, who are not interested to continue with these projects. GVG Real Estate Development will sign agreements with these troubled projects to either acquire or co-develop these projects and at the same time offer the buyers in these projects the option to transfer their payments to more secure ready real estate projects in the UAE; some of these ready projects even boast rented units and some are available with flexible installments/payment plans. GVG Real Estate Development either purchases and completes the troubled projects, or deducts the installments paid by the buyers, and invests them in ready properties that are vacant or rented mixed use projects that are well performing and carefully selected with a promising future.

GVG Real Estate Development currently offers new projects in Dubai and North Emirates with the possibility to pay in installments. The buildings contain studio, one, two and threebedroom apartments.

All the projects are ready and well placed in a strategic location, with modern designs, constructed over well-established master communities that meet the needs of the residents and provide promising capital growth and sustainable rental returns.