Vaal Real Estate has launched its new residential project in Ghana – the Harmonia Residence. The project, located at the Airport Residential Area in Accra, is part of an expansion plan that will see Vaal Real Estate develop another project in the second quarter of 2022.
With over 20 years of experience and expertise in the Middle East, Egypt, Turkey, Kenya and the latest Ghana, Harmonia Residence relies on excellence and professionalism in delivering high-quality homes in a central location at market-leading prices, plus the reassurance of investing with one of the world’s most trusted real estate developers.
Speaking at the launch, Chief Executive of Vaal Ghana, Alaa Zayed, said the company’s focus is to invest in housing units to satisfy the needs of prospective customers. “Our focus is not just to sell our housing units but to invite the public to join the ‘Harmonia’ community,” he added.
Earlier, Group President and Founder of Vaal, Majeed Saad, said the goal of Vaal Real Estate is to become the main gate-point to promoting investment in the housing development sector; hence, the launch is an important milestone. “The ultimate dream of Vaal is becoming one of the biggest, trusted and well-versed real estate developer and consultancy firms,” he said.
For his part, Minister of Works and Housing, Francis Asenso-Boakye, encouraged private residence developers – especially the foreign entities, to build affordable housing units to better serve the public.
He told the management of Vaal and all estate developers to consider the low and lower- to middle-income earners in their programming, as this is the best and most satisfying way to support in mitigating accommodation needs of the Ghanaian people.
Speaking on the upcoming Condominium bill, which will regulate construction of high-rise buildings in the country, the minister commended Vaal for its well-strategised initiative and pledged government’s support in the areas of providing land, tax incentives and guidance.
Sales Manager for Vaal Kenya, Prit Shah, said aside from providing houses for the public, Vaal Real Estate also aims at providing job opportunities for a significant number of the unemployed youth in beneficiary countries. “In Kenya, for instance, a success story from there is that we have built a thousand homes within six years – with 500 indirect employees and 70 direct employees,” he added.
Youssef Samir, Commercial Director of Vaal Ghana, said VAAL Real Estate’s expansion plan looks at launching more than 10 residential projects in the next three years within Accra, with an exceptional urban development plan and very close to Kotoka Airport.
The Commercial Director said Harmonia residences offer the best product-mix – ranging from studio, 1-bedroom, 2-bedroom, 3-bedroom and penthouses, all with breath-taking views of the city. “At Harmonia Residence, we have secured return on investment from 20 up to 24 percent yearly rental income, with high quality of finishing and highly branded home appliances.
Harmonia Residence is targetting middle to high income earners who can choose the high lifestyle, high quality of finishing at Harmonia Residence, Airport Residential Area. We have a swimming pool and gymnasium, Spa, sky-lounge, kids Area, property management, conference room, lounge room, 2 underground parking lots, Restaurants, a mini-market and a pharmacy.”
