Real estate developer achieves 70% of its targeted sales for 2020
Property developer Sobha Realty saw a significant rise in demand for villas and Garden Houses sales in the second half of 2020.
With the increasing appeal for larger homes and outdoor spaces due to the global COVID-19 pandemic, H2 sales of villas and Garden Houses in 2020 has doubled at the company’s eight-million sq. ft. flagship development Sobha Hartland situated in Mohammed Bin Rashid Al Maktoum City, the firm revealed in a statement.
Sobha Realty’s portfolio, including Sobha Hartland includes the Gardenia Villas, Forest Villas, Waterfront Villas and Garden Houses, all “saw a strong interest from buyers,” it added, allowing the company to achieve 70% of its targeted sales for 2020.
“As we see positive signs of recovery within the UAE’s real estate market and in Dubai specifically, we are encouraged by the sales results we have recorded in the second half of this year, particularly for villas,” said Jyotsna Hegde, president, Sobha Realty. “The global COVID-19 pandemic has transformed the way people live while creating a need for more space indoors and an appreciation for outdoor areas. The Sobha Hartland master development offers high-rise apartment buildings and villas surrounded by verdant greenery and ample open spaces and we foresee a continued demand for our offerings that combine quality craftsmanship with a unique design philosophy.”