Joya Blanca will offer 313 luxurious residential units.

UAE-based Green Yard Properties Development has announced the launch of its new sustainable and eco-friendly residential project, Joya Blanca, located within the Arjan Al Barsha community in Dubai, UAE.

The project, which is estimated to cost Dh150 million ($41 million), features 313 luxurious residential units, including 153 studios, 151 one- and nine two-bedroom apartments.

Unveiling the project, Green Yard Properties says the company aims to provide high-end residential units within all its developments, and at competitive rates starting from Dh306,000 along with a guarantee for the investors of a profitable return on investment.

The project has been registered and licensed by the Real Estate Regulatory Agency (RERA) in 2020, and conforms with its newest regulation of depositing 50 per cent of the project’s cost upfront to lower the risk for the investors.

Managing Director Mahmoud Awad says: “We started work on Joya Blanca during the Covid-19 pandemic and have been able to reach over 15 per cent project completion.”

“We have made the investment in the Arjan region our priority plan, and we look forward to developing more luxurious projects at affordable prices yet with extraordinary designs. Upon completion, the project will include luxurious residential units in addition to commercial and service facilities,” he adds.

Awad pointed out that Joya Blanca is three times bigger than the company’s latest development, Joya Verde, which was completed in 2019.

Green Yard Properties has announced a flexible payment option for the new project, whereby buyers and investors can book the apartments with a down payment of 10 per cent and then complete the payment process within five years.

“We expect an increase in demand for residential units in the project as a result of our competitive prices and flexible payment scheme. This will be open to all future Green Yard projects,” he adds.