Merint, the UAE-based specialised glass distribution company partnered with Saint Gobain, has announced the completion of a $10 million Ski Village project in Poland.
Overseen by Merin sp Zoo, the property development arm of Merint Group – which was established in Poland in 2010, the Merint Ski Village is now ready for occupation, a statement by the company said.
Located in Wisla, in close proximity to a popular ski slope, the Merint Ski Village is a three-building development that comprises of 28 high-end apartments. These apartments have spacious, modern interiors and facilities, including large balconies, marble fireplaces, basement parking and special storerooms for ski equipment, the statement added. Fingerprint sensor elevators lead directly into each apartment, it added.
“With low taxes, an open economy, a healthy business environment, a relatively simple residency program, and an undervalued real estate market, Poland is a fantastic option for anyone thinking of investing in Europe,” said Fazal Manekia, founder and CEO of Merint.
“Putting aside any potential undervaluation, Poland has some of the best rental yields in Europe and you’ll be hard-pressed to find a better return in this part of the world. Shrewd investors from the region have already started to take note of this. Be it the growth in trade and the influx of traffic from the Middle East, the ties are closer and we at Merint are excited to play a role in strengthening them even further.”
Located 150 kilometres from Krakow, alongside the Vistula river and close to mountain trails, the development is surrounded by nature and offers views of the Barania Mountains. The ski market in Poland and the popularity of the ski resorts has grown tremendously in recent years hence the decision to build close to a popular ski slope.
“Wisla rivals any resort in Europe for charm, cuisine, culture and sheer natural beauty for half the cost. Coupled with the option of now owning your own holiday home as you indulge in a favorite pastime, Merint Ski Village is a great option for the region’s shrewd investor,” added Manekia.
Earlier this year Merint announced its first exclusive India-based residential project at 219 Boat Club in Pune. Conceptualised and designed by Atkins, the architectural firm behind the UAE’s Burj Al Arab, the 219 Boat Club is located in the heart of Pune.