Sobha Group responds to buyers’ demand with new payment plan

Posted by: at 11/24/2016 04:15:00 am


·         Pay 40% over 2 years post-handover on all apartments and villas
·         Only fully integrated freehold community along the Dubai Water Canal
·         Unmatched location - Dubai’s hottest attractions within 3km radius

Dubai, November 24, 2016: Sobha Group, one of the Middle East’s leading premium real estate developers, has announced a new and exciting payment plan for apartments and villas within Sobha Hartland – the only fully integrated freehold community on the Dubai Water Canal and in Mohammed Bin Rashid Al Maktoum City.

Hartland Estates Villas
 Hartland Estates Villas

Hartland Green Apartments
Hartland Green Apartments

The new payment plan for apartments and villas comprise of:

·         50% during construction
·         10% on completion
·         40% over 2 years’ post-handover

Dubai's diversified economy attracts investors from more than 150 countries as the options for investment are enormous for individual and institutional investors. Dubai's real estate sector has seen extensive growth over the years and among all nationalities. With the introduction of this new payment plan, an investor and end user will avail of the comfort and ease of payments. Dubai offers high rental yields compared to other major cities around the world. This makes it a strong reason for people to buy property in Dubai and have a second income from rents while the property keeps appreciating in value.

Sobha Hartland is a $4bn project which is spread across 8 million square foot area. It comprises of freehold studios, 1, 2 & 3 bedroom apartments, duplexes, townhouses and 4, 5 & 6 bedroom villas and is surrounded by 2.4 million square feet of greenery – 30% of the entire community. Its location within Mohammed bin Rashid Al Maktoum City and 3 kilometer proximity to Dubai’s hottest attractions makes them Sobha Hartland of the most-sought after plots in Dubai. Currently 2 show villas & apartment is ready for viewing at the Hartland Sales gallery.

Sobha Hartland also boasts a selection of world-class amenities such as international schools, nurseries, healthcare facilities, swimming pools, tennis courts, yoga centres, gyms, playgrounds, and parks just a stroll away.

Mr. PNC Menon, Founder and Chairman, Sobha Group, said: “With the recent increase in interest in our Hartland Green apartments and Hartland Estates villas, we are happy to introduce this specially tailored payment plan which will be beneficial to all prospective investors and end-users looking at investing in Sobha Hartland. Sobha as a brand is known for great quality and we have been recognized as one of the top real estate companies in the Arab World in 2016 (source: Forbes Middle east). The quality that we are so proud of is there for everyone to see in Sobha Hartland and anyone has to just come and see our stunning 2 show Villas & apartment for themselves. UAE enjoys the status of a 'safe haven' and with continued growth of tourism and other sectors we are confident that property investments will keep flowing in and keep the market prolific for medium- and long-term investments. Surrounded by 2.4 million square feet of greenery and set along the Dubai Water Canal, Sobha Hartland enjoys the unique advantage of prime location backed by over 40 years of expertise.”

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


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