G&Co associates with SPF Realty for third consecutive project – Jade at the Fields in MBR City

• The Fields is a premier community development project offering a gracious lifestyle nestled in Mohammed Bin Rashid Al Maktoum City, Dubai.
• Jade at The Fields offers a truly diverse integrated lifestyle experience, bringing residents a wide array of amenities.

DUBAI- July 20, 2015: Mohammed Bin Rashid Al Maktoum City, Dubai’s iconic community destination and one of the world’s prime residential locations, will witness the development of a luxury residential project titled Jade at the Fields. The project, to be developed by G&Co at an estimated value of AED 1 billion in the District 11 of Mohammed Bin Rashid Al Maktoum City, is being sold and marketed by SPF Realty -- the leading real estate broker in the UAE’s freehold property sector.

Jade at the Fields is a gated residential community consisting of 360 premium townhouses of contemporary style. The luxury residential community project is conveniently located in the Mohammed Bin Rashid Al Maktoum City master development with proximity to Downtown Dubai and easy access to all highways, community parks, shopping destinations, business districts, and education zones in the city.

G&Co has appointed SPF Realty for Jade at the Fields project as a continuation of their successful association after receiving overwhelming response for their previous two projects - AED 1.5 billion Millennium Estates, and AED 2.7 billion Grand Views at Millennium Estates, both of which were exclusively marketed and sold by SPF Realty.

Commenting on the third project, Mr. Kalpesh Sampat, Director of SPF Realty, said, “Welcome to the new name in Dubai’s luxury community living. Jade at the Fields is set to be the first choice for the property investors in 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 we aim to meet the high demand for a project with all the perfect elements that the market demands.”

“The success of G&Co projects, marketed by SPF Realty, reflects the increasing demand for housing properties in Dubai as more investors from different parts of the world are coming to this market. The sprawling green gardens and picturesque landscaping of Jade at the Fields community will be home to 360 spacious townhouses of three and four bedrooms. This community is set to offer a community pool and gym, retail space, landscaped garden, parks and kids play area, and other modern amenities,” he added.

“The off-plan freehold properties -- three and four bed townhouses -- are offered at low prices per square feet, with a starting price of AED 2.26 million, and 35 per cent of the property value is payable easily in half yearly installments over a period of 30 months. The payment plan allows the buyer to book the property at a five per cent down payment (plus four per cent Oqood), and six per cent payment every six months until completion of the project. Payment of the next fifteen percent of the property value is payable on handover of the property, and the remaining 50 per cent is payable in quarterly installments over three years after handover of the property. Groundbreaking of the project will be made in the first half of 2016, and its completion is expected in the third quarter of 2018” Mr. Sampat elaborated. 

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. Jade has a serene setting at the Fields in the heart of the Mohammed Bin Rashid Al Maktoum City, inspired by the greenery and openness of nature infused with a subtle oriental influence. The community feels like a world away from city life, providing an oasis of calm to nurture the mind, body and soul. The contemporary homes at Jade are crafted with a gracious lifestyle.

Investors of any nationality, irrespective of their residency status, can buy properties in Jade 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.

G&Co is a premium property developer in the Middle East region, involved in planning and developing world-class master communities. SPF Realty has been bringing to market, a number of new residential projects across Dubai, creating strong rapport with major developers by selling their projects in record time than any other realty service provider in the market. SPF Realty has achieved outstanding growth by acting as an extended arm of premium developers in the UAE. SPF Realty deals with a record number of transactions in the local market.