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 which will see Vaal Real Estate develop another project in the 2nd quarter of 2022.
With over 20 years of experience and expertise in the Middle East, Egypt, Turkey, Kenya and 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, Mr. Alaa Zayed, said the focus of the company was to invest in housing units to satisfy the needs of prospective customers.
“Our focus is not just to sell our housing unit but to invite the public to join the ‘Harmonia’ community,” he added.
Earlier, Group President and Founder of Vaal, Mr. Majeed Saad, said the goal of Vaal Real Estate was to become the main gate point to promoting investment in the housing development sector, hence the launch was an important milestone.
“The ultimate dream of Vaal is to becoming one of the biggest trusted and well-versed real estate developer and consultancy firm,” he said.
For his part, Minister of Works and Housing, Mr. 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 it was the best and most satisfying way to support to mitigate the accommodation needs of the Ghanaian people.
Speaking on the “upcoming” Condominium Bill, which would regulate the construction of high-rise buildings in the country, the Minister commended Vaal for its well strategized initiative and pledged government’s support in the areas of providing land, tax incentives, and guidance.
Sales Manager for Vaal Kenya, Mr. Prit Shah, said aside providing houses for the public, Vaal Real Estate also aimed 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 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 3 years with in Accra with an exceptional urban development and very close to KOTOKA Airport.
The Commercial Director said Harmonia residence offers the best product mix, ranging from studio, 1 bedroom, 2 bedroom, 3 bedrooms and penthouses all with breath taking views of the city. “At Harmonia Residence, we have secured return on investment from 20% up to 24% yearly rental income with high quality of finishing and highly branded home Appliances. Harmonia Residence is targeting middle to high income earners who could choose high life style, high quality of finishing at Harmonia Residence, Airport Residential Area; we have swimming pool, and gymnasium, Spa, sky lounge, kids Area, property management, conference room, lounge room, 2 underground parking, Restaurants, mini market, pharmacy.”
