News
(DOXA Properties announces the Doxa City Project, a major housing development in Ghana, in partnership with Real Holdings International Inc. and fund manager Joshua Davis.)
Delaware, United States, 11th Oct 2024 — DOXA Properties Limited, a leader in the Ghanaian real estate sector, is thrilled to introduce its latest venture, the Doxa City Project.
This is said to be a significant development aimed at addressing the housing deficit in Ghana while creating a world-class living environment.
This landmark project is made possible through a strategic partnership with Real Holdings International Inc. and under the financial stewardship of Joshua Davis, a highly respected fund manager in the global investment community.
Ghana’s Housing Deficit:
In Ghana, real estate is considered one of the fastest-growing sectors. The government is actively focused on narrowing the gap between property demand and availability, encouraging significant private sector involvement in the process.
With the aim to reduce Ghana’s housing deficit of 1.7 million homes, the Doxa City Project is expected to provide a combination of affordable and luxury housing solutions. This is definitely going to meet the growing demand for real estate, especially among low and middle-income households.
The project stands as a pivotal response to the government's focus on private sector collaboration to tackle the country’s housing shortage.
Project Highlights
The Doxa City Project is one of the most ambitious real estate developments ever undertaken in Ghana.
It comprises over 40,000 single-family housing units, 20,000 apartment units, and 10,000 serviced plots for individual developers and real estate companies. It spans 29,870 acres of prime land in Shai Hills, Shai-Osudoku District, just outside the bustling city of Accra.
Key highlights include:
- 40,000 Single-Family Homes: These properties are built to meet the immense needs and demands of the growing middle-class population, providing affordable, yet high-quality housing.
- 20,000 Multi-Storey Apartment Units: All these units are expected to cater to a broad range of Ghana’s population. These are designed to meet the demand of young professionals and small families.
- 10,000 Plots for Private Developers: These serviced plots will be made available to private developers and individuals, encouraging further private sector involvement.
- Luxury Options: Luxurious properties are equally in demand all over. People are ready to pay a large amount for the best property. In addition to the affordable housing components, the project will also include a section for high-end luxury residences designed to meet the supreme tastes of the affluent.
- Sustainable Living: It’s all about sustainable living in the present scenario. The Doxa City Project will feature environmentally friendly infrastructure, ensuring energy efficiency and sustainable development practices throughout the project. People who love to live in nature will certainly be fond of these properties.
- Community Facilities: Buyers are always looking for community facilities. The development will include essential community facilities such as schools, markets, clinics, parks, and recreational areas to foster a sense of community and ease of living.
Collaboration with Real Holdings International Inc. and Fund Manager Joshua Davis
The success of the Doxa City Project hinges on its strong partnerships. Real Holdings International Inc., a global investment firm with a track record of success in large-scale developments. The company has joined hands with DOXA Properties to provide significant investment and expertise during all phases of the project to ensure its success.
Joshua Davis – Fund Manager
Fund manager Joshua Davis will lead the financial oversight and funding initiatives, ensuring that the project meets its financial goals while delivering value to investors.
This collaboration reflects a long-term vision to not only address housing shortages but also to create thriving communities that contribute to Ghana’s economic development. The total project cost is estimated at USD 7.8 billion, with a combination of debt and equity financing.
Joshua Davis commented on the partnership, saying, “I am happy to be a part of such a project which addresses one of the most critical needs in Ghana. With DOXA Properties’ vision and Real Holdings International Inc.’s expertise, we are confident that Doxa City will be a great success.”
Estimated Economic Impact
In addition to resolving housing shortages, the Doxa City Project is expected to have a significant impact on Ghana’s economy. It will also enhance infrastructure development, further boosting economic growth in the region.
- It will be creating many jobs during its construction phase and for long-term operations. Thus, employment will be generated.
- It will enhance the real estate market with both affordable and luxury options. It is expected to fulfil the dual needs of buyers who are looking for luxurious properties and those who are looking for affordable ones.
- It is expected to attract local and international investors to Ghana’s real estate sector.
An Opportunity For Investors:
Investors are invited to participate in this high-return opportunity. The project is expected to generate a return on investment of USD 553 million over a period of five years. DOXA Properties is seeking equity and debt financing, with a target to raise USD 50 million in debt at an estimated cost of 6.0%.
This is a great opportunity for investors to get involved in a transformative project that not only offers financial rewards but also contributes to the socioeconomic development of Ghana.
About DOXA Properties Limited
DOXA Properties Limited is a leading real estate development company in Ghana with a mission to provide high-quality; affordable housing to meet the growing needs of the country’s middle-class population. The company was incorporated in February 2020 and has been focusing on building well-planned, environmentally sustainable communities that enhance the quality of life for residents.
Joshua Davis is the chairman, chief executive officer at Real Holdings International Inc.
About Real Holdings International Inc.
Real Holdings International Inc. is a reputed global investment firm. It is well known for its expertise in large-scale property developments. Popular for its innovative approaches and long-term vision, the company has a proven track record in delivering successful projects across multiple regions.
Contact Information
For more information about the Doxa City Project or investment opportunities, please contact:
- DOXA Properties Limited & Real Holdings Investment Capital & Trust
- Website: realinc.co , doxapropertieslimited.com
- Phone: +16156011785
- Email: Joshua@realinc.co
Media Contact
Organization: Real Holdings Investment Capital & Trust
Contact Person: Joshua Davis
Website: http://www.realinc.co/
Email: Send Email
Contact Number: +16156011785
State: Delaware
Country:United States
Release id:17875
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