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Rajendran .... creating a high-end community.

Sobha to break ground on $4bn residential project

DUBAI, February 5, 2015

Sobha Group, a leading integrated real estate company with operations in the region, is set to break ground on the first phase of its ambitious signature integrated community in Dubai, UAE in the second quarter of 2015.

Located 3 km from the Burj Khalifa, the $4-billion Sobha Hartland development will offer the best of living in Dubai, stated Sobha, a part of the Indian multinational group.

An integrated real estate company, Sobha is involved in all areas of its development from masterplanning, architecture, interior design, construction and even landscaping, it stated.

The high-end community, which will feature two international schools, a hi-tech spa, hotels and cafes, will be delivered in phases beginning in the first quarter of 2017, said the company in its statement.

Sobha said it is set to achieve a key milestone in September with the inauguration of the group’s first international curriculum school, Hartland International School.

On the infrastructure development front, tenders for roads and utilities have been floated and bids received, it added.

The company also plans to open sales offices in London (UK), Singapore, Riyadh (Saudi Arabia), Doha (Qatar) and Kuwait by the first half to tap into the growing demand for its developments in the UAE.

On its expansion plans, Ajay Rajendran, the vice chairman of Sobha, said: "We have been in the region for the last 40 years in the construction vertical and has been closely involved in the UAE real estate sector over the last decade."

"We strongly believe that the economic fundamentals for Dubai are stronger than ever and, therefore, the initiative to open overseas sales offices strengthens our commitment to Dubai’s longer term real estate growth," noted Rajendran.  

"The development resonates across geographies and nationalities, because of its contemporary aesthetics, elaborate open areas and close proximity to Downtown Dubai, creating a community, where people can live, work, play and visit," he said.

According to him, Sobha’s reputation of going above and beyond expectations is well represented throughout the development with in-house expertise in design, engineering and building, enabling the achievement of excellence in quality and timeliness in delivery.

"Sobha Group’s philosophy of ‘No shortcuts to quality’ will permeate through all aspects of the development," added Rajendran.-TradeArabia News Service




Tags: UAE | Dubai | residential | Sobha |

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