Sobha Developers has its task cut out to sell 282 villas at USD Four billion at Sobha Hartland project in Dubai

The real estate market across the globe looks to be trudging very slowly of late. Dubai is no exception. With a very good 2013 and 2014 now history, the Dubai real estate market seems to have become REAL in terms of sales and interest from investors and property buyers across the globe.

This is the time when the wanna be real estate developers actually lose the plot and wonder where to go affecting the entire real estate ecosystem. However seasoned campaigners like Sobha Group have actually put their hands up and announced the launch of the 2nd phase of its ambitious Villa project Sobha Hartland.

The Sobha Hartland project has been a very good success story and the connoisseurs of real estate from across the world have noted the extra ordinary workmanship in this project and the world class living that it offers. Hartland has been appreciated by everyone and the sales have been satisfactory indeed. With this confidence, the second phase at Sobha Hartland has begun in all earnest and this time there will be villas and also contemporary apartments for buyers to choose from.

PNC Menon, the founder of Sobha Group has confirmed that all the infrastructure work related to the project is already under way with vendors being handpicked after a round of tenders and biddings. Being a completely integrated company, Sobha Group carries out the construction on its own for most of its projects including Hartland keeping a check on quality, time, outflow and finish.

The second phase of Sobha Hartland will eventually include 282 four-, five- and six-bed villas, 18 low-rise, three mid-rise and nine high-rise apartment blocks, as well as a 150,000m² community centre, three hotels, a spa, two mixed-use towers, two schools, three mosques and a clubhouse. These will be delivered in phases beginning in the first quarter of 2017.Sobha International Academy which is part of the first phase will be completed by the October of 2015.

It is important to note that a couple of years back Sobha Group  teamed up with the racetrack developer Meydan to put together plans for District One – Meydan City -  a project comprising of a staggering 1,500 villas set in a huge expanse of 1,100 acres of parkland around the world’s biggest man-made lagoon. Having sold all the 330 villas in the first phase of District One – Meydan City, the developers will soon announce the launching of the next phases shortly.

Sobha Developers is also planning to have 5 more international offices to serve its growing number of clients including real estate investors, end users, etc. across the globe - London, Singapore, Riyadh, Doha and Kuwait City.

A senior Sobha official agreed that the property market in Dubai has slowed down a wee bit but this is only a natural cycle in the real estate business. He in fact stated that if the growth tangent had continued at the same rate it would have been harmful for the Dubai property market going forward. However with the rates slightly tapering off and cooling period coming in, there is an opportunity for all concerned players to work out the flaws and iron out all the factors that could dampen the property market further. He further confirmed that the group remains committed to the growth of Dubai’s real estate sector in the long run and hence they are taking these steps of launching the second phase of Hartland and also opening international office simultaneously as they believe that Dubai real estate fundamentals are robust and that it still has a lot of promise for investors and developers alike.