Al Forsan launches lease-to-own scheme

Al Forsan launches lease-to-own schemeAl Forsan Village has 385 villas that are for lease as well as sale / Image Credit: Supplied

Al Forsan Real Estate; the property arm of Al Forsan Holding, stated that Al Forsan Village will launch the Lease to own concept during Cityscape Abu Dhabi 2016. The group will be unveiling a portfolio of health focused luxury mixed-use developments at the Cityscape exhibition at Abu Dhabi National Exhibition Centre at stand AA10 from April 12-14 to address the needs of potential stakeholders. Investors would be able to make a purchase and own the villa for as low as Dh300,000 per annum.

Al Forsan Real Estate welcomed its first group of tenants in Al Forsan Village in January earlier this year. Located in the heart of Khalifa City, the project has 385 villas that are for lease as well as sale. Rent in these villas start from Dh210,000. The sale price of a four bedroom villa at Al Forsan Village starts from Dh4 million, whereas a six bedroom villa costs Dh12 million. This project is Abu Dhabi's first active and health focused mixed-use development.

''Offering investors an opportunity to preview and acquire some of the finest developments, Al Forsan will present a selection of prime residential villas at its stand at Cityscape. Al Forsan Village provides a broad mix of accommodation types to suit different lifestyles and family requirements, from comfortable and easily managed apartments to truly substantial and luxurious detached villas for extended family living,'' said Rashed Al Qubaisi, General Manager of Al Forsan International Sports Resort and Spokesperson for Al Forsan Real Estate Management.

The community will also benefit from a range of traditional and modern sports which are offered at Al Forsan International Sports Resort, located a few minutes away from this project. The community's distinctive lifestyle will be complemented by 15,000m2 of retail space, known as The Town Square and will also be home to a state-of-the-art 5-star hotel. The Al Forsan Village project also encompasses 440 units of one to four bedroom apartments spread across 241,985m2.

The project encompasses a 1.7km jogging track, three adult swimming pools and an additional three swimming pools for children, among several other amenities. The area has landscaped green spaces with playgrounds and water features, apart from access to Al Forsan Town Square at Al Forsan Village.

Find out what's new at Cityscape Abu Dhabi

Source: Property WeeklyPW


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