Sobha Hartland master development in Dubai’s Mohammed Bin Rashid Al Maktoum City is 50% finished and is on track for its planned handover in 2025, the project’s developer Sobha Realty informed.
Construction of about 1,100 units – featuring villas and apartments – has been finished across various phases of Sobha Hartland, the Dubai-based developer said in a statement on Sunday.
Sobha Realty also informed that about 30% of the eight million square feet freehold development has been sold. More than half of the company’s customers are UAE-based buyers, with overseas customers from India, China, Africa, Europe, and other Gulf countries making up the rest.
Key projects within the community include Greens, Creek Vistas, Creek Vistas Reservé, Gardenia Villas, Garden Houses, One Park Avenue, and Forest Villas.
Francis Alfred, CEO and Managing Director of Sobha Realty, said: “The development continues to receive a strong response from investors with 30 percent of the inventory already sold, which reflects robust investor confidence in not only Sobha Realty but also the Dubai real estate market. We have seen a huge demand for indoor space and an appreciation for outdoor areas and this has resulted in a significant increase in our villa sales.”
In the last quarter, the company launched the third phase of the Tranquillity plots, containing plots for a customized villa development, and the 592-apartment, 35-storey Waves residential tower at The Waterfront District in Sobha Hartland.