This post was originally published on 17 November 2014 and the content may be outdated.
Sobha Group, a leading real estate developer in India and the Middle East, has announced the launch of an extended payment plan for Sobha Hartland in Mohammed Bin Rashid Al Maktoum City, Dubai, its urban mixed-use development located in the epicentre of Dubai.
The developer also announced that some units will be completed from December 2017.
Limited duration special payment plan on villas and apartments
The payment plan allows investors to pay 50 per cent of the purchase price during construction, 25 per cent six months after completion and the final 25 per cent instalment 12 months after unit completion.
Sobha Hartland apartment prices start from Dh 1,520 per square foot. For villas, the price starts from Dh2,006 per square foot.
About the project
Sobha Hartland will comprise villas with an option of 12-floor plans, semi-detached villas, townhouses, plots and high-rise apartments.
Residents will have access to two international schools, one currently in operation, nurseries, malls, cafes, tennis courts, yoga centre, swimming pool, clubhouses and spas, mosques and healthcare facilities.
PNC Menon, Founder and Chairman, Sobha Group, said: “With almost four decades of experience in the Middle East, we are committed to providing urban living close to the city centre. It is the ideal neighbourhood for Indians who are looking for a destination that gives you family living in an abundance of greenery and space.”
Real estate opportunity for Indians
As one of the largest ethnic population in Dubai, Indians topped the list of non-GCC buyers of Dubai real estate in 2015 with AED 20 billion transactions, according to Dubai Land Department (DLD).
Indians are also now allowed to send up to $250,000 per person overseas to buy property after Reserve Bank of India relaxing previous rules and subject to UAE Immigration rules, investors are also eligible for a visa once they purchase a property of over AED One million.
Sobha Group is a multinational, multiproduct group with developments and investments in UAE, Sultanate of Oman, Qatar, Bahrain, Brunei and India.