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• As per recent reports UAE is considered one of the best countries for real estate investments
• 63% affluent people from GCC planning to invest in Dubai and Abu Dhabi
• 21.5% of investments in Sobha Hartland are from GCC investors
• 20% increase in rental yield expected on properties on the Dubai Water Canal
Dubai - Sobha Group, the leading premium real estate developer, is extending a diverse portfolio of real estate investments to support various nationalities to opt for real estate investments in Dubai. A recent survey shows that the top investors in Sobha Hartland are from India (33.14%) followed by GCC nationals (21.5%).
A number of officials and experts in the real estate sector have highlighted the positive impact of investing in real estate during this period of worldwide economic changes. According to the research and analysis, the main focus will be on different types of real estate investment especially in residential and property investment. Sobha Group meets this requirement by providing the best quality of residential and properties in the most strategic location in this region.
Being the foremost backward integrated company in the world is what makes Sobha Group stand apart from the rest of the real estate organizations. The company has all the key competencies and in-house resources to deliver a project from conceptualization to completion. Sobha is primarily focused on residential and contractual projects.
Sobha Hartland is a resort-style luxury housing project, encompasses 8 million square feet of freehold community in Mohamed bin Rashid Al Maktoum City. It’s close proximity to Dubai’s top attractions makes it a sought-after project.
Sobha Hartland boasts of a limited collection of ultra-contemporary villas, townhouses, modern mid & highrise apartments, a clubhouse, two international school, three boutique hotels, premium restaurants, retail, spa, community mall and leisure activities. The development offers a range of luxury products catering to both individuals and families alike looking for the ideal homes in Dubai. The development has commenced with the launch of Hartland Greens, Hartland Estates – Quad Homes and Hartland Estates.
Sobha Group’s vision is to be the most trusted and respected real estate organization in the GCC and to continue to transform the way people perceive quality by pioneering innovative projects and exceeding customers’ expectations across core markets.
Mr. PNC Menon, Founder and Chairman, Sobha Group, said: “With the real estate investments from UAE nationals from across the GCC, Arabs, and foreigners to the tune of AED 22 billion in 2016, the Dubai property market continues to be the preferred investment destination for all. We are upbeat about an imminent market upswing despite an overall slowdown in economy in the Middle East and lower oil price as investors and end users from more than 50 countries continue to record their vote of confidence in Dubai. Dubai remains the most sought-after property destination for investors as it offers one of the world's most attractive returns on their investments. Dubai offers a range of exciting projects that caters to every need and fancy of the investors. Sobha Hartland, surrounded by 2.4 million square feet of greenery and set along the Dubai Water Canal, enjoys the unique advantage of prime location backed by over 40 years of expertise. With Hartland Greens, Waterfront villas, and Hartland Estates –Quad Homes, Sobha Group continues to set a benchmark in offering world-class bespoke living experience. Our array of options at Sobha Hartland boast of large, spacious and luxurious homes with unmatched quality which are preferred by most nationalities.”
About Sobha Group
Sobha Group is a multinational, multiproduct group with developments and investments in U.A.E., Sultanate of Oman, Qatar, Bahrain, Brunei and India. Established in 1976 by a first generation entrepreneur, PNC Menon as an interior decoration firm under the name of Services and Trade Company in Muscat, Oman, the group has grown into one of the most respected names in all the countries in which it has established businesses. The organization is one of the fastest growing and foremost backward integrated real estate organizations in the region. Sobha is primarily focused on residential and contractual projects. The company is currently developing Sobha Hartland, a mixed-used development in the centre of Dubai. For further information on Sobha Group, please visit www.sobha.com.
For more information, please contact:
Priyadarshini Roy
Corporate Communications Sobha Group
priyadarshini.roy@sobha-me.com
© Press Release 2017
