UAE-based Al Forsan Real Estate has unveiled a new ‘lease to own’ concept for its luxury mixed-use development - Al Forsan Village - at the Cityscape Abu Dhabi 2016 show.

It 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.

The planning of the community is developed on a series of concentric semi-circle housing arrangement, providing easy access to the central plaza and all its facilities, said the company in a statement.

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 project offers a portfolio of health-focused luxury mixed-use developments, which is being showcased at the three-day event.

Investors during the opening day of Cityscape keenly pursued the first ever lease-to-own offer from Al Forsan Village.

"We have received a tremendous response on the very first day for our villas and we are expecting the trend to continue in through the show," remarked Rashed Al Qubaisi, the general manager of Al Forsan International Sports Resort and spokesperson for Al Forsan Real Estate Management.

"Our lease-to-own offer has been well received by the investors and they are looking at these villas for both personal use and investment purposes," stated Al Qubaisi.

"Al Forsan Village is proud to unveil some of the finest developments of prime residential villas at the show. The community offers a range of townhouses, semi-detached and stand-alone villas as the architecture inspired by Petra infuses strong design features with homely colours to interest prospective buyers," he added.

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.

The planning of the community is developed on a series of concentric semi-circle housing arrangement, providing easy access to the central plaza and all its facilities, said the top official.

The Al Forsan Village project will include 440 units of one- to four-bedroom apartments spread across 241,985 sq m. The community sports a 1.7 km jogging track, three swimming pools apart from three swimming pools especially for children.

The area also includes landscaped greenery with playgrounds and water features, especially to keep the residents active and fit.

The community is situated on an unparalleled location on the emerging mainland of Abu Dhabi next to the dynamic and developing community of Khalifa City A, said the company statement.

It is well 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 a five-minute walk from the villas at Al Forsan Village. The highly sought-after location makes Al Forsan Village one of the most desirable signature residential addresses in the emirates, it stated.

The project will benefit from a variety of traditional and modern sports which are offered at Al Forsan International Sports Resort, located in the near vicinity, he noted.

The community’s unique lifestyle will be augmented by 15,000 sq m of retail space, known as ‘The Town Square’ and will also be home to a state-of-the-art 5-star hotel, it added.-TradeArabia News Service