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Sobha Realty Achieves Dh1b in Sales

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This quarter, Sobha Realty has managed close to a billion in sales, which is half of their projection for 2019. This outstanding result is due to strong investor confidence in their project in Sobha Hartland.

The Sobha Hartland is about 8 million feet squared and is a waterfront investment located close to the Dubai Canal. It is made up of premium villas, luxurious apartments, and high-end townhouses. Notable units under the include Sobha Creek Vista, Sobha Hartland Garden Houses, One Park Avenue, Garden Villas, and Canal Villas.

This year, Sobha Sold close to 800 units with a total area of 614902 feet square. Sobha Creek Vista is at the top as the most preferred. Sobha have been experiencing increasing sales with the latest being 165 percent compared to a similar period in 2018.

Since it was launched six years ago, this project has had a lot of attention from interested buyers locally and internationally looking to own a piece of Dubai. Among interested buyers, 34.5 percent come from China, 8 percent from India and 7.6 percent are from Saudi Arabia.

Sobha is attracting buyers from around the world due to its outstanding features that comprise of a green space, a sense of belonging, tranquillity and private experience. Another even more appealing feature of this investment is its proximity to institutions of excellence like North London School as well as Hartland International. The project has easy access to shopping centers and major landmarks.

Their newest development will address the increasing demand for high-end luxurious apartments within Dubai, which is also becoming even more popular due to its strong market.

Source Link: https://www.khaleejtimes.com/business/real-estate/sobha-realty-announces-sales-of-dh1b

About the author

Catherine Wambui

Catherine Wambui

Catherine Nyaga is a freelance writer covering Real Estate and Technology. Her other interests include Nature, pets and accounting. She recently graduate from Nairobi University with a degree in Accounting.

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