Sobha offers new plots to investors for Dubai apartment towers

Developer says plots for 8-12 floor apartment buildings on offer at Sobha Hartland project on Dubai Canal
Sobha offers new plots to investors for Dubai apartment towers
By Staff writer
Thu 01 Dec 2016 09:27 AM

Developer Sobha Group has unveiled new land plots for investors within Sobha Hartland, the only fully integrated freehold community on the Dubai Water Canal and in Mohammed Bin Rashid Al Maktoum City.

To meet the interest generated from last week’s inauguration of the Dubai Water Canal, the new scheme allows buyers to build apartment buildings in one of the most in-demand areas in Dubai.

Nearly 155,000 square feet is reserved for 8 or 12 floor apartment buildings which consist of approximately 130-200 units, Sobha said in a statement.

As part of Sobha Hartland, these plots are part of an 8 million square foot resort-style community that comprises freehold studios, 1, 2 & 3 bedroom apartments, duplexes, townhouses and 4, 5 & 6 bedroom villas and is surrounded by 2.4 million square feet of greenery – 30 percent of the entire community, it added.

PNC Menon, founder and chairman, Sobha Group, said: “We are delighted to introduce this new scheme which will enable people to invest in their own piece of premium residential land right in the heart of the city.

"By investing in a plot, it gives an investor the advantage to build and invest in their own 12 floor apartments and benefit from maximum profit. Investing in Dubai is regarded as a good decision especially with Dubai being the region’s safe haven.”

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