LAHORE - The Sobha Developers, part of the multinational Sobha Group, has announced investments to expand its footprint regionally and locally. The company is in the process of opening five sales offices in London, Singapore, Riyadh, Doha and Kuwait City by July 2015 to tap into the growing demand of its developments in the UAE.
The company also provided progress updates on its prestigious Sobha Hartland development, the signature integrated community project that will offer the best of living in Dubai.
Located three kilometers from the Burj Khalifa district, the development is set to achieve a key milestone in September 2015 with the inauguration of the Group’s first international curriculum school. The company plans to break ground on mock villa and apartment in the first quarter. On the infrastructure development front, tenders for roads and utilities have been floated and bids received. The contract for the 132kv power sub-station has been awarded to Danway, an electrical-mechanical conglomerate.
Ajay Rajendran, Vice Chairman of Sobha Developers LLC, said that the Sobha has been in the region for the last 40 years in the construction vertical and has been closely assessing the real estate sector. The economic fundamentals for Dubai are stronger than ever and, therefore, the marketing initiative to open overseas sales offices strengthens our commitment to Dubai’s longer term real estate growth.
Sobha’s phased release of the Hartland portfolio in the UAE in September 2014 received an immediate uptake. The ultra-luxury villas and apartments that will feature two international schools, state of the art spa, hotels and cafes when fully completed in the first quarter of 2017 significantly validate the $4 billion project’s resonance across geographies and nationalities, featuring innovative aesthetics and layout as its defining features. Sobha Hartland will shape a world-class community in close proximity to Downtown Dubai, creating spaces where people can live, work, play and visit.
Sobha’s exemplary reputation of going above and beyond expectation is well represented throughout the development with in-house expertise for designing and structural engineering as well as self-reliant construction capability ensuring complete Sobha control over the achievement of excellence in quality and timeliness in delivery. All villas and apartments will be constructed with premium materials with keen attention to detail in line with Sobha Group’s philosophy of ‘No shortcut to quality’.