Dubai's Sobha Group has unveiled a new luxury residential scheme in the emirate and said it would commence handover of units by the end of 2018, the company chairman said on Wednesday.
Hartland Estates – Quad Homes is set within the developer’s Sobha Hartland project close to the new Dubai Water Canal and comprises 70 units.
The first phase includes 27 3,300-square foot dwellings, each with three floors, a private lift, a two-car garage and sky roof.
“These Quad homes have features you would ordinarily find in a mansion such as a lift, four master bedrooms and multiple terraces,” PNC Menon, founder and chairman of Sobha Group, said. “This has never been done before,” he added.
Investors will be asked to pay 50 percent during construction, 10 percent on completion and 40 percent after handover over two years.
According to the developer, over 30 percent or 2.4 million square feet of the project will be landscaped.
In September 2016, Arabian Business reported that Sobha was planning to launch a third large-scale residential project in Dubai, targeting the “affordable luxury” market and another project in the Middle East.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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