Sobha Hartland master development in Dubai's Mohammed Bin Rashid Al Maktoum City is 50 percent complete and is on track for its scheduled handover in 2025, the project’s developer Sobha Realty said. 

Construction of nearly 1,100 units – including villas and apartments – has been completed across different phases of Sobha Hartland, the the Dubai-based developer said in a statement in Sunday. 

Sobha Realty also announced that nearly 30 percent 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 a 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.”  

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Francis Alfred, CEO and Managing Director of Sobha Realty

In the last quarter, the company launched the third phase of the Tranquillity plots, comprising plots for customised villa development, and the 592-apartment, 35-storey Waves residential tower at The Waterfront District in Sobha Hartland. 

In May, Jyotsna Hegde, President of Sobha Realty had told Zawya Projects that the company’s next master plan would incorporate the importance of indoor and outdoor space that has been brought home by the pandemic. 

(Writing by N Madhura; Editing by Anoop Menon) 

(anoop.menon@refinitiv.com) 

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