Sobha Realty, the leading premium real estate developer, announced sales worth Dh2 billion in the first half of 2021. The company also achieved 80% of its annual sales targets in the first half of 2021. A strong investor uptake for its iconic project Sobha Hartland in Mohammed Bin Rashid Al Maktoum City overlooking Downtown Dubai is responsible for the impressive sales value.
The leading investors in the development are from China, India, the UAE, and Saudi Arabia, according to Sobha Realty. Since it was announced in 2013, Sobha Hartland has continued to attract the interests of local and international investors seeking a premium, luxury development in the city center.
“The impressive sales of nearly Dh2 billion in value terms in just six months of 2021 is testimony to the value proposition of Sobha Realty, and the demand for its flagship development Sobha Hartland. The strong performance of the company further strengthens the bullish demand and immense growth potential in the UAE’s real estate sector, amidst the run-up to Expo 2020 later this year,” said Jyotsna Hegde, president of Sobha Realty.
“Overall, we are witnessing stronger demand in the past few months. The Dubai Land Department has also reported an impressive surge in transactions in June 2021, which reflects the pent-up demand for property in the Emirate,” added Hegde.
Furthermore, Sobha Realty reported a significant growth in demand for its villas with open spaces and villa plots in the Sobha Hartland development. Among the key projects in the community are Greens, Creek Vistas, Creek Vistas Reservé, Gardenia Villas, Garden Houses, One Park Avenue, and Forest Villas.
She added that the government’s proactive measures to attract investors, such as the introduction of Golden Visas and 100% foreign ownership of companies, as well as the swift rollout of the Covid-19 vaccination, to make the Emirate a safe place for investors, are helping the sector.
In the last quarter, the company celebrated the successful launch of the third phase of Tranquility plots, a collection of custom villa developments, and the tremendous buyer interest in the Waves condominium tower in Sobha Hartland, which accommodates 592-apartments.
In addition to its serene vibe, Sobha Hartland’s central location in the heart of the city will be redefining new-age living, with 30 percent of the total land area set to include green space for a new lifestyle.