
Off-plan property investment is the process of buying a property before it is fully constructed or even before the construction has started. Off-plan properties are usually offered by developers at discounted prices and with flexible payment plans, making them attractive for investors who want to secure a high return on investment (ROI) in the future.
In this article, we will explore the off-plan property market in Sobha Hartland II, a new luxury community in Mohammed Bin Rashid City (MBR City), Dubai. We will also discuss the benefits and disadvantages of off-plan properties, the factors to consider when buying off-plan properties, and the community overview of Sobha Hartland II
About Sobha Hartland II
Sobha Hartland II is a new area located to the east of Sobha Hartland in MBR City. The community is currently under construction and is being developed by Sobha Realty, one of the most well-known UAE developers. The area of Sobha Hartland II is over 8 million sqft and is the perfect option for those wishing to live within close proximity to key locations in Dubai, but at the same time still be away from the hustle and bustle of the emirate. Sobha Hartland II will feature a range of properties for sale, including mansions, villas, and apartments, all surrounded by lush greenery and crystal lagoons. The community will also offer a variety of amenities, such as retail outlets, schools, clinics, parks, and more.
How Is The Dubai Sobha Hartland II Real Estate Market?
The Dubai real estate market is one of the most dynamic and lucrative markets in the world. Despite the challenges posed by the Covid-19 pandemic, the market has shown remarkable resilience and recovery in 2021. According to Property Finder, the total value of real estate transactions in Dubai reached AED 36.86 billion in Q1 2021, a 43% increase compared to Q1 2020. The demand for residential properties, especially villas and townhouses, has surged due to the changing preferences of buyers and tenants who seek more spacious and comfortable living spaces. The supply of new projects has also increased, with many developers launching attractive offers and incentives to attract investors.
The Sobha Hartland II real estate market is part of the MBR City real estate market, which is one of the most popular and prestigious destinations in Dubai. MBR City is a mega-development project that aims to create a new city within a city, with world-class amenities, facilities, and attractions. MBR City is located close to the Dubai Water Canal, Downtown Dubai, Business Bay, and Al Quoz, making it a strategic and attractive location for buyers and investors. The properties for sale in Sobha Hartland II are among the most sought-after and luxurious properties in MBR City, offering high-quality finishes, spacious layouts, stunning views, and exclusive access to the lagoons.
How Is The Off-Plan Property Market In Sobha Hartland II?
The off-plan property market in Sobha Hartland II is one of the most active and attractive markets in Dubai. Off-plan properties are properties that are sold before they are fully constructed or even before the construction has started. Off-plan properties offer many advantages for investors who want to secure a high ROI in the future. Some of these advantages are:
What Are The Benefits Of Off-Plan Property In Sobha Hartland II?
- Lower-priced investment and capital growth: Properties in Sobha Hartland II can be up to 55% below market value prices if they are off-plan due to the risk of the development not having been built yet. Investors will usually pay a deposit of anywhere between 20-50% to secure the sale, with the remaining fee to be paid on completion. Over the course of the build, properties in Sobha Hartland II can expect an increase in capital growth due to the high demand and limited supply of luxury properties in MBR City.
- More flexibility and freedom: Off-plan properties offer more flexibility and freedom for investors who want to choose the best unit according to their preferences and objectives. Since the properties have yet to be finalised, investors can select the unit that suits their budget, size, layout, view, location, and amenities. They can also negotiate with the developer for any changes or upgrades they want to make on their unit.
- Sustainable modern buildings: Off-plan properties are usually new-build properties that feature modern designs and high-end fittings. They also adhere to high standards of sustainability and energy efficiency, making them eco-friendly and cost-effective. Off-plan properties in Sobha Hartland II are built with premium materials and technologies that ensure durability, comfort, and elegance.
What Are The Disadvantages Of Off-Plan Properties In Sobha Hartland II?
- Longer waiting time and uncertainty: Off-plan properties require a longer waiting time before they are ready for occupancy or rental. This means that investors will have to wait for several months or even years before they can enjoy the benefits of their investment. There is also a risk of delays or cancellations due to unforeseen circumstances, such as market fluctuations, legal issues, or construction problems. Investors should always do their due diligence and research the developer’s reputation, track record, and financial stability before buying off-plan properties.
- Lack of physical inspection and visualization: Off-plan properties are sold based on the developer’s plans, brochures, and mock-ups, which may not reflect the actual outcome of the project. Investors will not be able to physically inspect or visualize the property until it is completed, which may lead to disappointment or dissatisfaction if the property does not meet their expectations. Investors should always ask for detailed information and specifications from the developer and compare them with similar projects in the market.
- Additional costs and fees: Off-plan properties may incur additional costs and fees that are not included in the initial price. These may include registration fees, service charges, maintenance fees, VAT, and other taxes. Investors should always read the contract carefully and understand all the terms and conditions before signing it. They should also consult a professional lawyer or agent who can advise them on the legal and financial aspects of buying off-plan properties.
What Is The ROI On Off-Plan Properties In Sobha Hartland II?
The ROI on off-plan properties in Sobha Hartland II is expected to be high due to the high demand and limited supply of luxury properties in MBR City. According to Property Finder, the average ROI for a 1-bedroom apartment in Sobha Hartland II is 6.7%, while a 4-bedroom villa has an ROI of 3.8%. The table below shows some examples of ROI for different property types and sizes in Sobha Hartland II.
Property Type | Size (sqft) | Sale Price (AED) | Rental Price (AED/year) | ROI (%) |
---|---|---|---|---|
Apartments | Studio | 550,000 – 750,000 | 40,000 – 60,000 | 7.3 – 10.9 |
Apartments | 1 Bedroom | 800,000 – 1.2 million | 60,000 – 100,000 | 7.5 – 12.5 |
Apartments | 2 Bedrooms | 1.2 million – 2 million | 90,000 – 150,000 | 7.5 – 12.5 |
Apartments | 3 Bedrooms | 2 million – 3 million | 120,000 – 200,000 | 6 – 10 |
Villas | 4 Bedrooms | 4.5 million – 7 million | 250,000 – 350,000 | 5.6 – 7.8 |
Villas | 5 Bedrooms | 6.5 million – 10 million | 300,000 – 450,000 | 4.6 – 6.9 |
Why Is Sobha Hartland II Off-Plan Property Interesting For Real Estate Developers?
Sobha Hartland II off-plan property is interesting for real estate developers because it offers them several advantages, such as:
- Larger market share: Sobha Hartland II is one of the most sought-after and prestigious destinations in Dubai. It attracts a large number of buyers and investors from different segments and nationalities. By developing off-plan projects in Sobha Hartland II, developers can capture a larger market share and increase their brand awareness and reputation.
- Faster cash flow: Off-plan projects in Sobha Hartland II generate faster cash flow for developers, as they can sell their properties at an earlier stage of development and receive payments from buyers in installments. This helps them to finance their construction costs, reduce their debt burden, and improve their liquidity.
- Lower risk: Off-plan projects in Sobha Hartland II involve lower risk for developers, as they can gauge the market demand and adjust their supply accordingly. They can also avoid holding costs, such as interest, taxes, and maintenance, by selling their properties before completion. Moreover, they can transfer some of the risks to the buyers, such as delays, quality issues, or market fluctuations.
- Innovation and creativity: Off-plan projects in Sobha Hartland II allow developers to showcase their innovation and creativity, as they can design and build their properties according to the latest trends and standards. They can also offer customization options and bespoke services to their buyers, which can enhance their customer satisfaction and loyalty.
- Competitive edge: Off-plan projects in Sobha Hartland II give developers a competitive edge over their rivals, as they can offer attractive incentives and benefits to their buyers, such as discounts, waivers, freebies, and guaranteed returns. They can also differentiate their products and services from other developers by offering unique features and amenities.
Why Is Sobha Hartland II Off-Plan Property Interesting For Real Estate Investors?
Sobha Hartland II off-plan property is interesting for real estate investors because it offers them several opportunities, such as:
- Higher returns: Off-plan properties in Sobha Hartland II offer higher returns to investors, as they can buy them at a lower price than the market value and sell them at a higher price when they are completed or near completion. They can also generate rental income from their properties after handover, which can increase their cash flow and yield.
- Diversification: Off-plan properties in Sobha Hartland II offer diversification to investors, as they can choose from different property types, sizes, locations, and prices. They can also invest in different stages of development, from pre-launch to handover. This helps them to spread their risk and optimize their portfolio.
- Leverage: Off-plan properties in Sobha Hartland II offer leverage to investors, as they can use mortgage financing from banks and financial institutions to buy them. This allows them to invest with a smaller amount of capital and increase their return on equity.
- Growth potential: Off-plan properties in Sobha Hartland II have a high growth potential, as they are located in one of the most promising and prestigious areas in Dubai. Sobha Hartland II is expected to witness significant development and completion of various projects in the coming years, which will enhance its value and demand.
- Tax benefits: Off-plan properties in Sobha Hartland II offer tax benefits to investors, as they are exempt from value-added tax (VAT) until handover. They are also exempt from capital gains tax (CGT) if they hold them for more than two years. They are also subject to a low property tax rate of 4% on the purchase price.
Why Is Sobha Hartland II Off-Plan Property Interesting For Off-Plan Buyers?
Sobha Hartland II off-plan property is interesting for off-plan buyers because it offers them several benefits, such as:
- Affordability: Off-plan properties in Sobha Hartland II are more affordable than ready properties, as they are sold at a lower price than the market value. Off-plan buyers can also take advantage of flexible payment plans and post-handover payment options offered by developers, which can reduce their financial burden and increase their purchasing power.
- Choice: Off-plan properties in Sobha Hartland II offer more choice to buyers, as they can select from different property types, sizes, locations, and prices. Off-plan buyers can also customize their properties according to their taste and preferences, which can enhance their satisfaction and comfort.
- Quality: Off-plan properties in Sobha Hartland II offer high quality to buyers, as they are built according to the latest standards and regulations. Off-plan buyers can also expect to receive warranties and guarantees from developers, which can protect their rights and interests.
- Lifestyle: Off-plan properties in Sobha Hartland II offer a luxurious and convenient lifestyle to buyers, as they are located in one of the most prestigious and attractive areas in Dubai. Off-plan buyers can enjoy the world-class amenities and facilities of Sobha Hartland II, such as the lagoons, the parks, the retail outlets, the schools, the clinics, and more.
- Future value: Off-plan properties in Sobha Hartland II offer a high future value to buyers, as they are expected to appreciate in value over time due to the ongoing development and completion of various projects in Sobha Hartland II. Off-plan buyers can benefit from capital appreciation by selling their properties at a higher price in the future or by living in them and enjoying their equity.
What To Consider When Buying Off-Plan Properties in Dubai Sobha Hartland II?
Buying off-plan properties in Dubai Sobha Hartland II requires careful consideration and due diligence from buyers. There are several factors that buyers should consider before buying off-plan properties in Sobha Hartland II, such as:
1. Developer reputation
The reputation of the developer is one of the most important factors to consider when buying off-plan properties in Sobha Hartland II. Buyers should check the developer’s track record, experience, financial stability, and customer feedback. Buyers should also verify the developer’s registration with the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA). Buyers should avoid dealing with unregistered or unlicensed developers, as they may be fraudulent or unreliable.
2. Project location
The location of the project is another important factor to consider when buying off-plan properties in Sobha Hartland II. Buyers should choose a project that suits their needs, preferences, and lifestyle. Buyers should consider the proximity of the project to major landmarks and attractions in Dubai, such as Downtown Dubai, Burj Khalifa, Business Bay, Design District, and Al Quoz. Buyers should also consider the accessibility of the project to public transportation, roads, and highways. Buyers should also check the surrounding area of the project for any potential issues or nuisances, such as noise, pollution, traffic, or construction.
3. Payment plans
The payment plans of off-plan properties in Sobha Hartland II vary depending on the developer and the project. Buyers should compare different payment plans and choose the one that fits their budget and cash flow. Buyers should also read and understand the terms and conditions of the payment plans carefully and ensure that they are clear and transparent. Buyers should also check for any hidden fees or charges that may be applicable to their payment plans.
4. Payment structure options
The payment structure options of off-plan properties in Sobha Hartland II include cash payments, mortgage financing, post-handover payments, or a combination of these methods. Buyers should evaluate different payment structure options and choose the one that suits their financial situation and goals. Buyers should also consult with their bank or financial advisor before opting for any payment structure option.
5. Due diligence
Due diligence is essential when buying off-plan properties in Sobha Hartland II. Buyers should conduct thorough research and investigation on the developer, the project, the market, and the legal aspects of buying off-plan properties. Buyers should verify the following information before buying off-plan properties in Sobha Hartland II:
- The title deed of the land on which the project is built.
- The escrow account details of the project.
- The completion date and progress of the project.
- The floor plan and specifications of the property.
- The service charges and maintenance fees of the property.
- The contract and sale agreement of the property.
- The cancellation and termination policy of the property.
- The dispute resolution and arbitration clause of the property.
Buyers should also seek legal advice from a qualified lawyer before signing any contract or agreement.
6. Property Tax
Property tax is another factor to consider when buying off-plan properties in Sobha Hartland II. Buyers should be aware of the following taxes and fees that may apply to their off-plan properties:
- Value-added tax (VAT): Off-plan properties are exempt from VAT until handover. After handover, VAT may apply to some services and goods related to the property, such as maintenance, utilities, and furniture.
- Capital gains tax (CGT): Off-plan properties are exempt from CGT if they are held for more than two years. If they are sold within two years, CGT may apply at a rate of 10% on the profit.
- Property registration fee: Off-plan properties are subject to a property registration fee of 4% on the purchase price, which is payable to the DLD. The fee is usually split between the buyer and the seller, unless otherwise agreed.
- Transfer fee: Off-plan properties are subject to a transfer fee of 0.125% on the purchase price, which is payable to the DLD. The fee is usually borne by the buyer, unless otherwise agreed.
- Agent commission: Off-plan properties may involve an agent commission of 2% on the purchase price, which is payable to the real estate agent. The commission is usually borne by the seller, unless otherwise agreed.
Community Overview Of Sobha Hartland II
Sobha Hartland II is a vibrant and diverse community that offers a high-quality lifestyle to its residents and visitors. It has several sub-communities that cater to different needs and preferences, such as Sobha Creek Vistas, Sobha Creek Vistas Reserve, Sobha Signature Villas, and Sobha Hartland Greens. Sobha Hartland II has a range of amenities, facilities, and services that provide convenience, comfort, security, and entertainment. Some of the features of Sobha Hartland II community are:
What Are The Most Popular Buildings In Sobha Hartland II?
Some of the most popular buildings in Sobha Hartland II are:
- Sobha Creek Vistas: A collection of luxury apartments ranging from studios to three-bedroom units, with spacious layouts, modern designs, and premium finishes. The apartments offer views of the Dubai Creek, Ras Al Khor Wildlife Sanctuary, or the skyline. The building has amenities such as a swimming pool, a gym, a sauna, a steam room, a children’s play area, and a barbecue area.
- Sobha Creek Vistas Reserve: A collection of contemporary apartments ranging from one to three-bedroom units, with elegant interiors, smart home technology, and balconies. The apartments offer views of the Dubai Creek or the skyline. The building has amenities such as a swimming pool, a gym, a spa, a lounge, a concierge service, and a 24-hour security.
- Sobha Signature Villas: A collection of bespoke villas ranging from four to six-bedroom units, with spacious living areas, private pools, landscaped gardens, and rooftop terraces. The villas offer views of the community or the skyline. The building has amenities such as a clubhouse, a mosque, a supermarket, and a landscaped garden.
Which Transportation And Parking Spaces Are There In Sobha Hartland II?
Sobha Hartland II is well-connected to the rest of Dubai by major roads such as Sheikh Mohammed Bin Zayed Road (E311), Sheikh Zayed Road (E11) and Al Khail Road (E44). You can also use public transportation such as buses, taxis and metro stations to get around the city. Some of the nearby metro stations are Business Bay, Burj Khalifa/Dubai Mall and Noor Bank. Sobha Hartland II also plans to have access to the Etihad Rail network in the future, which will link it to other emirates and countries in the region.
As for parking spaces, most of the residential and commercial properties in Sobha Hartland II come with allotted parking spaces for residents and visitors. There are also public parking lots and garages available in the area, especially near the malls and attractions. You can use apps like RTA Dubai or Parkopedia to find and book parking spaces near your destination.
Which Amenities, Schools And Healthcare Are There In Sobha Hartland II?
Sobha Hartland II offers a range of amenities and facilities for its residents and visitors, such as parks, lagoons, cycling and running tracks, swimming pools, fitness centres, clubhouses, mosques, nurseries, retail shops and more. The community also features state-of-the-art tourist attractions, such as the Meydan One Mall, which will be the world’s largest mall when completed, the Crystal Lagoon, which is the world’s largest man-made lagoon, and the Meydan Racecourse, which hosts the prestigious Dubai World Cup every year.
For education, Sobha Hartland II has two international schools within its premises: Hartland International School and North London Collegiate School. Both schools follow the International Baccalaureate (IB) curriculum and cater to students from Pre-KG to Grade 12. There are also other schools nearby, such as Gems Wellington Academy, Swiss International Scientific School and Lycee Francais International Georges Pompidou.
For healthcare, Sobha Hartland II residents can visit several medical facilities located in nearby areas, such as Emirates Hospital, Aster Hospital, Mediclinic Parkview Hospital and Medcare Hospital. There are also clinics, pharmacies and dental centres within or close to Sobha Hartland II.
Which Outdoor Activities, Fitness And Beauty Are There In Sobha Hartland II?
Sobha Hartland II is an ideal place for outdoor enthusiasts, as it boasts 26 million sq. ft. of open and green spaces for parks and lagoons. You can enjoy a variety of outdoor activities in Sobha Hartland II, such as kayaking, paddle boarding, sailing, fishing, horse riding, golfing and more. You can also explore the cycling and running tracks that span over 8 km around the Crystal Lagoon or join the District One Cycling and Running Club for group sessions and events.
If you prefer indoor fitness options, you can visit one of the many gyms and fitness centres in Sobha Hartland II, such as Fitness First Platinum Club at Meydan One Mall or Fit Republik at Dubai Sports City. You can also join classes for yoga, pilates, martial arts, dance and more at various studios in the area.
For beauty and wellness services, you can pamper yourself at one of the many salons and spas in Sobha Hartland II or nearby areas. Some of the popular ones are Tips & Toes at Sobha Hartland Greens , The Nail Spa at The Dubai Mall or Armani/Spa at Armani Hotel.
Which Leisure Activities And Notable Landmarks Are There In Sobha Hartland II?
Sobha Hartland II is home to some of the most impressive leisure attractions and landmarks in Dubai and the world. Some of them are:
- The Meydan One Mall: This will be the world’s largest mall when completed, with over 600 retail outlets, a 1 km long ski slope, a water park, a dancing fountain and more.
- The Crystal Lagoon: This is the world’s largest man-made lagoon that covers 7 km of water surface and features beach-like shores.
- The Meydan Racecourse: This is a world-class horse racing venue that hosts the Dubai World Cup every year.
- The Museum of The Future: This will be a futuristic museum that showcases cutting-edge innovations and technologies.
- The Dubai Canal: This is a 3.2 km long waterway that connects the Arabian Gulf with the Dubai Creek and offers scenic views and activities along its banks.
Which Restaurants Are Located In Sobha Hartland II?
Sobha Hartland II has a variety of restaurants to suit different tastes and budgets. You can find cuisines from around the world, such as Italian, Indian, Lebanese, Japanese, American and more. Some of the popular restaurants in Sobha Hartland II are:
- Armani/Ristorante: This is a fine dining restaurant that serves authentic Italian cuisine in a stylish setting at Armani Hotel.
- Armani/Amal: This is another restaurant at Armani Hotel that offers Indian dishes with a contemporary twist and panoramic views of the city.
- Nezesaussi Grill: This is a casual sports bar and grill that serves Australian, New Zealand and South African food and drinks at Manzil Downtown.
- Boulevard Kitchen: This is a Mediterranean restaurant that offers buffet and a la carte options for breakfast, lunch and dinner at Manzil Downtown.
- Reef & Beef: This is a steakhouse and seafood restaurant that offers fine dining and a beautiful view of the Crystal Lagoon at District One.
Which Supermarkets Are Located In Sobha Hartland II?
There are several supermarkets and minimarkets located in or near Sobha Hartland II, where you can buy groceries and other essentials. Some of them are:
- Carrefour Market: This is a large supermarket that offers a wide range of products, including fresh produce, bakery, meat, dairy, frozen food, household items and more. It is located at Binghatti Terraces on Sheikh Zayed Bin Hamdan Al Nahyan Street.
- Lulu Express: This is a smaller version of Lulu Hypermarket that offers quality products at affordable prices. It is located in Al Quoz on Al Khail Road.
- Spinneys: This is a premium supermarket that offers high-quality products, including organic and gluten-free options. It is located in Meydan City on Al Meydan Road.
- Taj Al Madina Supermarket: This is a local supermarket that offers fresh fruits, vegetables, meat, fish, dairy and more. It is located in Sobha Hartland on Al Khail Road.
Which Beaches Are Located Near Sobha Hartland II?
Sobha Hartland II is located close to the coastline of Dubai, which means you can easily access some of the best beaches in the city. Some of the beaches near Sobha Hartland II are:
- Kite Beach: This is a popular beach for kite surfing, water sports and other activities. It also has a jogging track, a skate park, a play area and many cafes and food trucks.
- Jumeirah Beach: This is a public beach that offers stunning views of the Burj Al Arab and the Arabian Gulf. It also has showers, changing rooms, sunbeds, umbrellas and water sports facilities.
- Sunset Beach: This is another public beach that offers a great spot to watch the sunset and the Burj Al Arab. It also has showers, changing rooms, sunbeds, umbrellas and water sports facilities.
Which Malls Are Located Near Sobha Hartland II?
Sobha Hartland II is surrounded by some of the most famous malls in Dubai, where you can shop, dine, entertain and have fun. Some of the malls near Sobha Hartland II are:
- The Dubai Mall: This is the world’s largest mall by total area, with over 1,200 retail outlets, 200 food and beverage outlets, an aquarium, an ice rink, a cinema, a theme park and more.
- Mall of the Emirates: This is another mega mall that features over 600 retail outlets, 100 food and beverage outlets, an indoor ski resort, a cinema, a theatre and more.
- City Walk: This is an outdoor shopping and entertainment destination that features over 300 retail outlets, 60 food and beverage outlets, a cinema, a gaming zone, a green park and more.
Which Churches, Temples And Mosques Are Located Near Sobha Hartland II?
Sobha Hartland II is a multicultural community that respects all faiths and beliefs. Some of the places of worship near Sobha Hartland II are:
- Mosques: There are several mosques within or near Sobha Hartland II, such as Sobha Hartland Mosque, District One Mosque, Meydan Mosque, and Al Quoz Mosque. These mosques offer prayer facilities, Quran classes, and community events for Muslims.
- Churches: There are a few churches near Sobha Hartland II, such as Emirates Baptist Church, Coptic Orthodox Church, and Maranatha Full Gospel Church. These churches are located in Al Barsha and Oud Metha and can be reached in 15 to 20 minutes by car. They offer worship services, Bible studies, and fellowship activities for Christians.
- Temples: There are no temples within Sobha Hartland II, but there are some Hindu and Sikh temples in the nearby areas of Bur Dubai and Al Fahidi. These temples include Shiva Temple, Shree Krishna Haveli, Sindhi Gurdarbar Sahib, and Guru Nanak Darbar. These temples are located around 20 to 25 minutes by car from Sobha Hartland II. They offer prayer facilities, religious ceremonies, and cultural events for Hindus and Sikhs.
How Is The Rental Market In Sobha Hartland II?
Rental Trends Of Sobha Hartland II
The rental market in Sobha Hartland II is one of the most active and attractive markets in Dubai. Sobha Hartland II offers a range of properties for rent, from apartments and villas to townhouses and duplexes. Sobha Hartland II is a new luxury community in Mohammed Bin Rashid City (MBR City), a mega-development project that aims to create a new city within a city, with world-class amenities, facilities, and attractions. Sobha Hartland II is located close to the Dubai Water Canal, Downtown Dubai, Business Bay, and Al Quoz, making it a convenient and desirable location for residents and visitors.
The rental trends of Sobha Hartland II vary depending on the property type, size, location and condition. According to Property Finder, the average rental price for apartments in Sobha Hartland II was AED 85,000 per year in 2021. The average rental price for villas in Sobha Hartland II was AED 300,000 per year in 2021. The table below shows some examples of rental prices for different property types and sizes in Sobha Hartland II in 2021.
Property Type | Size (sqft) | Rental Price (AED/year) |
---|---|---|
Apartments | Studio | 40,000 – 60,000 |
Apartments | 1 Bedroom | 60,000 – 100,000 |
Apartments | 2 Bedrooms | 90,000 – 150,000 |
Apartments | 3 Bedrooms | 120,000 – 200,000 |
Villas | 4 Bedrooms | 250,000 – 350,000 |
Villas | 5 Bedrooms | 300,000 – 450,000 |
Villas | 6 Bedrooms | 350,000 – 500,000 |
The rental market in Sobha Hartland II is expected to grow and flourish in the coming years, as more projects are completed and handed over. Some of the upcoming projects in Sobha Hartland II include Sanctuary Villas by Sobha Group, Senses at The Fields by MAG Property Development, District One West Homes by Nakheel, and The Highbury Apartments by Ellington Properties. These projects will add more value and appeal to the community and attract more tenants and investors.
How Is The House Sale Market In Sobha Hartland II?
House Sale Trends Of Sobha Hartland II
The house sale market in Sobha Hartland II is one of the most dynamic and lucrative markets in Dubai. Sobha Hartland II offers a range of properties for sale, from apartments and villas to townhouses and duplexes. Sobha Hartland II is a new luxury community in Mohammed Bin Rashid City (MBR City), a mega-development project that aims to create a new city within a city, with world-class amenities, facilities, and attractions. Sobha Hartland II is located close to the Dubai Water Canal, Downtown Dubai, Business Bay, and Al Quoz, making it a strategic and attractive location for buyers and investors.
The house sale trends of Sobha Hartland II vary depending on the property type, size, location, and condition. According to Bayut, the average sale price for apartments in Sobha Hartland II was AED 1.5 million in 2021. The average sale price for villas in Sobha Hartland II was AED 11 million in 2021. The table below shows some examples of sale prices for different property types and sizes in Sobha Hartland II in 2021.
Property Type | Size (sqft) | Sale Price (AED) |
---|---|---|
Apartments | Studio | 550,000 – 750,000 |
Apartments | 1 Bedroom | 800,000 – 1.2 million |
Apartments | 2 Bedrooms | 1.2 million – 2 million |
Apartments | 3 Bedrooms | 2 million – 3 million |
Villas | 4 Bedrooms | 4.5 million – 7 million |
Villas | 5 Bedrooms | 6.5 million – 10 million |
Villas | 6 Bedrooms | 8.5 million – 15 million |
Frequently asked questions about Sobha Hartland II
Sobha Hartland II is a community that offers a unique opportunity to experience the natural and urban aspects of Dubai. Here are some of the frequently asked questions about Sobha Hartland II and their answers.
How Popular Is Real Estate Investing In Sobha Hartland II?
Real estate investing in Sobha Hartland II is very popular among local and foreign investors who want to benefit from the high returns, capital appreciation, and rental income that the area offers. Sobha Hartland II is one of the most sought-after and prestigious destinations in Dubai, with a range of properties for sale and rent, from apartments and villas to townhouses and duplexes.
Sobha Hartland II is also home to some of the most impressive leisure attractions and landmarks in Dubai and the world, such as the Meydan One Mall, the Crystal Lagoon, the Meydan Racecourse, the Museum of The Future, and the Dubai Canal. These attractions add more value and appeal to the community and attract more tourists and visitors.
How Expensive Is Real Estate Investing In Sobha Hartland II?
Real estate investing in Sobha Hartland II can be expensive or affordable depending on the property type, size, location, and condition that you choose. According to Bayut, the average sale price for apartments in Sobha Hartland II was AED 1.5 million in 2021. The average sale price for villas in Sobha Hartland II was AED 11 million in 2021.
However, you can also find properties for sale in Sobha Hartland II for as low as AED 550,000 for a studio apartment or as high as AED 80 million for a 7-bedroom villa.
What Are The Latest Off-Plan Property Launches In Sobha Hartland II?
The latest off-plan property launches in Sobha Hartland II are:
1. Sanctuary Villas by Sobha Group: A collection of luxury villas ranging from 4 to 6 bedrooms, with spacious living areas, private pools, landscaped gardens, and rooftop terraces. The villas offer views of the community or the skyline. The project is expected to be completed by Q4 2025.
2. Senses at The Fields by MAG Property Development: A collection of modern townhouses ranging from 3 to 4 bedrooms, with contemporary designs, smart home technology, and balconies. The townhouses offer views of the park or the canal. The project is expected to be completed by Q4 2023.
3. District One West Homes by Nakheel: A collection of waterfront villas ranging from 4 to 7 bedrooms, with elegant interiors, private pools, landscaped gardens, and terraces. The villas offer views of the Crystal Lagoon or the park. The project is expected to be completed by Q1 2027.
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