Sobha Realty launches a new residential tower – Waves

Sobha Realty launches a new residential tower – Waves

The 592-unit, 35-storey building is scheduled for completion in September 2023.

Sobha Realty, a developer based in Dubai, unveiled on Wednesday the launch of Waves residential tower in Sobha Hartland, the eight million square feet freehold master development in Dubai's Mohammed Bin Rashid Al Maktoum City. 

The 592-unit, 35-storey building is scheduled for completion in September 2023, company officials said at the press conference. 

Waves is the first project of the Waterfront District so, apart from apartments, it will also include 12 retail units.

The company announced the launch of Waves after last week’s launch of the third phase of Tranquility plots that consist of 19 plots for customized villa development.  

Waves will be developed with the use of USD 204 million investment.

In his press statement, PNC Menon, Founder and Chairman of Sobha Group, said the launch of Waves is 'an endorsement of the continued health of the real estate sector and reflection of the robust investor confidence in our brand and the immense potential for investments in Dubai.' 

Jyotsna Hegde, President of Sobha Realty, added, 'Following the phenomenal success of Creek Vistas and Creek Vistas Reserve, the Waves tower is an iconic addition to the Sobha Hartland portfolio and will see the introduction of the Waterfront District within the master development. With its unique residential offerings, coupled with unmatched views of the waterfront promenade that includes a boardwalk corridor which will house retail spaces and a dynamic piazza with F&B attractions, this tower will become a destination onto itself and serve as a magnet for residents in the coming years.'   

The mega development Sobha Hartland is expected to be completed in 2025. 

 

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