Developer Sobha launches luxury townhouses at Hartland project in Dubai
Sobha Group have invested a massive $4 billion in a project named Hartland. And as such, this comprises a part of Mohammed Bin Rashid City in Dubai. It makes the most of the space that building on the edge of the city allows. They have unveiled plans to develop quad homes that are freehold townhouses. They are developed in groups of 4 (hence the name quad homes) that have a big floor space that families will just love. Each has 3,300 square feet set out over three floors. With a sky roof, garage and private lift they are seen as homes of the future in the city.
The development continues
This is all part of the developments going on all over Dubai at present. Plan 2021 and Dubai Expo 2020 have sharpened the minds. The city is under construction again. The property market is rising. The city is developing at a fast rate, especially areas such as Mohammed Bin Rashid City. These properties were released off plan recently with high interest levels because of their unique design. The first 27 units were released to the public lately with prices starting at 5.3 million Dirhams. They are available on payment plans for the buyer who likes to spread their purchase.
A rising property market again
After some time under the thumb of the oil price, Dubai is showing signs of recovery. The decline in apartment process last year was an average of 11%. Sobha is therefore at the forefront of the new wave of development. So, Mohammed Bin Rashid City will be a large part of this. In addition to the residential development, they have plans for schools, retail and commercial buildings. This all bodes well for the future. Dubai needs a mix of buildings to cater for all needs. Some will want to be in the city while others want a more rural way of life.