Sobha Realty Records $544.5m Sales in H1 2021

Sobha Realty has achieved sales worth $544.5m (AED2bn) in the first half of 2021. The sales accomplished in the first half of 2021 also translates to over 80% of its annual targets set for the year. The developer attributed the sales value to a strong investor uptake

BY Realty Plus
Published - Monday, 13 Sep, 2021

Sobha Realty Records $544.5m Sales in H1 2021

Sobha Realty has achieved sales worth $544.5m (AED2bn) in the first half of 2021. The sales accomplished in the first half of 2021 also translates to over 80% of its annual targets set for the year. The developer attributed the sales value to a strong investor uptake for Sobha Hartland in Dubai’s Mohammed Bin Rashid Al Maktoum City overlooking Downtown Dubai. Sobha Realty announced that the leading investors in the development included buyers from China, India, the UAE and Saudi Arabia. Since its announcement in 2013, Sobha Hartland continues to receive interest from local and international investors looking for a premium, luxury offering in the heart of the city. Commenting on this, Jyotsna Hegde, President of Sobha Realty, said, “The impressive sales of nearly AED 2 billion in value terms in just six months of 2021 is testimony to the value proposition of Sobha Realty, and the demand for its Sobha Hartland. The performance of the company further strengthens the bullish demand and immense growth potential in the UAE’s real estate sector, amidst the run-up to Expo 2020 later this year. Overall, we are witnessing stronger demand in the past few months. The Dubai Land Department has also reported an impressive surge in transactions in June 2021, which reflects the pent-up demand for property in the Emirate.”. Sobha Realty also reiterated a significant surge in demand for its villas with open spaces and villa plots in the Sobha Hartland development. Key projects within the community include Greens, Creek Vistas, Creek Vistas Reservé, Gardenia Villas, Garden Houses, One Park Avenue and Forest Villas. In the last quarter the company marked the successful launch of the third phase of the Tranquility plots, comprising exclusive plots for customised villa development, and the immensely positive buyer interest in the 592-apartment, 35-storey Waves residential tower at The Waterfront District in Sobha Hartland.