Thanks to robust sales, the company has achieved over 80 percent of its targets set for the year.
Dubai's leading premium real estate developer Sobha Realty announced that its sales in the first half of 2021 had reached USD 544 million. Thanks to robust sales accomplished in the first half of the year, the company has achieved over 80 percent of its annual targets. The impressive sales value is the result of strong investor demand for the developer's iconic project Sobha Hartland in Mohammed Bin Rashid Al Maktoum City in Dubai overlooking Downtown Dubai.
According to Sobha Realty, the investors in the development include buyers from China, India, the UAE and Saudi Arabia. Since its launch in 2013, Sobha Hartland continues to attract interest from local and international investors in search of premium, luxury homes in the heart of the city.
Sobha Realty once again pointed out a significant increase of demand for its villas with open spaces and villa plots in the Sobha Hartland community in key projects like Greens, Creek Vistas, Creek Vistas Reservé, Gardenia Villas, Garden Houses, One Park Avenue and Forest Villas.
The government’s proactive measures to attract the investor community, including the introduction of Golden Visa, 100 percent foreign company ownership and remote work visas as well as the swift rollout of the COVID-19 vaccination also helped Dubai's real estate sector to recover.
In the previous quarter the company successfully launched of the third phase of the Tranquility plots, comprising exclusive plots for customized villa development. In addition to that, the 592-apartment, 35-storey Waves residential tower was unveiled. Located in the Waterfront District in Sobha Hartland, the project has already received the immensely positive buyer interest.
Sobha Hartland is distinguished by its serene vibe and convenient location in the heart of the city. Moreover, 30 percent of the total land area is set to encompass a dedicated green zone and open spaces, redefining the new-age living.