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05 February 2020
BUSINESS

Dubai’s Sobha Realty targets AED 2.5 billion sales in 2020

Last year, Sobha Realty sold 1,491 units, with Creek Vistas emerging as the most popular project within the development, followed by Greens and Estates villas

The company is on track in advancing its flagship master development Sobha Hartland to generate strong returns.

by Kudakwashe Muzoriwa

Dubai’s Sobha Realty, the premium real estate developer, said that it is targeting AED2.5 billion sales for the year 2020.

PNC Menon, the Founder and Chairman of Sobha Realty, said, “With the much-anticipated mega event Expo 2020 Dubai kicking off in October 2020 and the enabling environment created by strategic government initiatives and reforms, our outlook for the coming year is positive and we anticipate a strong resurgence in the real estate market.”

The real estate developer said that following sales of more than AED2 billion in 2019, the company is on track in advancing its flagship master development Sobha Hartland, generating strong returns.

Sobha Hartland is proving its attractiveness through offering a unique value proposition, the development will continue to see further updates throughout the year, and we are confident that we can surpass the 2019 sales target by a substantial 25 per cent, said Menon.

In a statement, Sobha Realty said that the year-to-date results mark a 165 per cent increase in sales value over the same period in 2018.

Launched in 2014, Sobha Hartland is an eight million sq ft luxury freehold master development situated in Mohammed Bin Rashid Al Maktoum City, overlooking Downtown Dubai.

The key projects within the community include Greens, Creek Vistas, Creek Vistas Reservé, Gardenia Villas, Garden Houses, One Park Avenue and Forest Villas.


RELATED STORIES: Sobha Hartland Mohammed Bin Rashid Al Maktoum City Expo 2020 Dubai Sobha Realty

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