UAE-based Al Forsan Real Estate is set to launch its new ‘lease to own’ concept during the upcoming Cityscape Abu Dhabi 2016 show.

The property arm of Al Forsan Holding will be unveiling a portfolio of health focused luxury mixed-use developments at the three-day event which opens on April 12 at Abu Dhabi National Exhibition Centre.

Under the ‘lease to own’ concept, the investors would be able to make a purchase and own the villa for as low as Dh300,000 ($81,657) per annum, said a statement from the company.
 
The company 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 at these villas start from Dh210000 ($57,160).

The sales price of a four-bedroom villa at Al Forsan Village starts from Dh4 million ($1.08 million), whereas a six-bedroom villa is priced at Dh12 million ($3.26 million). This project is Abu Dhabi's first active and health focused mixed-use development.

"Offering investors with 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," said Rashed Al Qubaisi, the general manager of Al Forsan International Sports Resort and spokesperson for Al Forsan Real Estate Management.

"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," he stated.

According to him, 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 15,000 sq m of retail space, known as ‘The Town Square’ and will also be home to a state-of-the-art five-star hotel. The Al Forsan Village project also encompasses 440 units of one to four-bedroom apartments spread across 241,985 sq m.

The project encompasses a 1.7km jogging track, 3 adult swimming pools and an additional 3 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.

"The Al Forsan Village community offers a range of townhouses, semi-detached and stand-alone villas as the architecture, inspired by Petra, infuses strong design features with homely soothing colours to interest prospective buyers and tenants," explained Al Qubaisi.

Al Forsan Village is connected to the major highways connecting the emirate to other cities in the UAE. The Abu Dhabi International Airport is just a 10-minute drive from the community.

Abu Dhabi’s premium educational establishments are located in close proximity, apart from the Olympic standard sports facilities which is just five-minute walk from the villas at Al Forsan Village.

"The ultimate in contemporary living for only discerning investors, each of the villas embodies the exclusive lifestyle of Al Forsan Village and we are proud to showcase them at Cityscape Abu Dhabi next month," he added.-TradeArabia News Service