Dubai: Sobha Realty reports doubled villa sales in H2 2020

UAE sobha - شوبا

Sobha Realty has reported a significant rise in demand for villas and garden house sales in the second half of 2020.

With the increasing appeal for larger homes and outdoor spaces due to the global Covid-19 pandemic, H2 sales of villas and garden houses in 2020 has doubled at the company’s eight-million square feet flagship development Sobha Hartland situated in Mohammed Bin Rashid Al Maktoum City.

Sobha Realty’s portfolio of villas and townhouses at Sobha Hartland includes the Gardenia Villas, Forest Villas, Waterfront Villas and Garden Houses, all of which saw a strong interest from buyers. With these results, the company projects achieving 70% of its annual target for 2020.

Number of searches for villas and townhouses has increased by a remarkable 400% since the beginning of the year. Between April and November 2020, there have been over 4000 villa transactions, with approximately 63% of these for ready units.

Jyotsna Hegde, president of Sobha Realty, said: “As we see positive signs of recovery within the UAE’s real estate market and in Dubai specifically, we are encouraged by the sales results we have recorded in the second half of 2020, particularly for villas. The global Covid-19 pandemic has transformed the way people live while creating a need for more space indoors and an appreciation for outdoor areas. The Sobha Hartland master development offers high-rise apartment buildings and villas surrounded by verdant greenery and ample open spaces and we foresee a continued demand for our offerings that combine quality craftsmanship with a unique design philosophy.”