G&Co, a premium property developer in the Middle East region, has unveiled the Viridian at The Fields project at the Cityscape Global 2015 exhibition.

The residential project will come up at the Mohammed Bin Rashid Al Maktoum (MBR) City, Dubai’s iconic community destination and one of the world’s prime residential locations. It follows the successful launch of Jade at The Fields, earlier.

SPF Realty, the leading real estate broker in the UAE’s freehold property sector, showcased the Viridian at The Fields project at its stand at the show.

G&Co is developing The Fields project at an estimated cost of Dh3 billion ($816 million) in District 11 of MBR.

Viridian at The Fields is a gated residential community, consisting of 326 premium townhouses of contemporary style. The project is located in close proximity to Downtown Dubai and enjoys easy access to all highways, community parks, shopping destinations, business districts, and education zones in the city.

G&Co offers a six-year payment plan for the freehold property project, which is scheduled for completion in January 2019. The plan allows the buyer to book the property at five per cent downpayment starting from Dh117,000 ($31,853) 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 set to be the first choice for property investors in the 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, G&Co aims to meet the high demand for a project with all the perfect elements that the market requires. Groundbreaking of Viridian project will be made in the first half of 2016.”

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.

Investors of any nationality, irrespective of their residency status, can buy properties in Viridian at the Fields. The property purchased by an expatriate will be put in his/her name for life, which allows the buyer to register the property in Dubai Land Department. The owner will then have full rights to the property, including the right to sell, lease or rent it at his/her own discretion. This property can also be inherited, in line with Dubai Government laws, the statement said.  – TradeArabia News Service