The real estate sector in Dubai is still developing at a rapid rate. Due to this reason, developers are speeding up the new developments to keep pace with population expansion and high investor demand. One of these developments is Sobha Sanctuary; a master planned development of Dh50 billion recently released by Sobha Realty.
Sobha Sanctuary will be one of the biggest and most ambitious residential projects in the emirate with a square footage of 37.5million. The project reflects a growing trend toward integrated, amenity-led communities focused on lifestyle, wellness, and long-term value.
A Sobha realty Heritage Launch.
The developer has one of the milestones with the launch as it is 50 years since the establishment of the Sobha Group. Since the sentence above already uses “furthermore” as a transition, this revised version improves the flow by introducing additional connectors in a more natural way.
Living in Community-oriented ways.
Upon its completion, the development will accommodate about 20,000 families consisting of an approximate of 18,000 apartments and 2,000 villas. Introduction into the market will bring some 250 villas in the first stage. These units will appeal to one of the most tightly controlled supply segments of the city of Dubai family villas in green, master-planned communities.
Sobha Sanctuary is created based on the concept of holistic lifestyle. The development has master plan has a central destination park, community mall and a large wellness centre, which is in keeping with the emerging preferences among buyers to live in a health conscious manner and open spaces.
The location of the project has access to the major areas within the city of Dubai and this makes it more attractive to both the end-users and investors. Due to the rising level of competition within the off-plan market, mega community facilities emerged as one of the major points of distinction, and Sobha Sanctuary has placed itself well on this benchmark.
Pricing, Schedule and Impact on the market.
It will start its deliveries in Q3 2029 and will start at Dh3.99 million. The high levels of absorption recorded and the continuous population increase in Dubai will result in a high demand among local and international customers.
The model of Sobha Realty and its backward integrative approach through managing the design, engineering and building processes is also a key selling feature. This would give customers an additional guarantee regarding their construction quality and the schedule of delivery it will do, which is essential in the wake of the off-plan boom in Dubai.
Good Attraction of Foreign Investors.
The high rates of absorption recorded and the continued rise in the population of Dubai will lead to a high level of demand amongst both local and international consumers. Moreover, the trend also has a high likelihood of bringing more investment. It will also strengthen the momentum of the real estate market of the city.
The Growth Momentum of Sobha Realty.
This is after Sobha Realty declared that it is going to achieve Dh30 billion in sales per year in FY 2025, a 30 percent growth in year-on-year basis. The developer expects this momentum to continue, supported by strong demand in both the villa and off-plan segments.
read more..
- https://apartmentsforsaleindubai.ae/blog/new-abu-dhabi-housing-authority-service-allows-abu-dhabi-residents-to-choose-the-appropriate-housing-projects
- https://apartmentsforsaleindubai.ae/blog/best-family-friendly-areas/
The Future of Dubai Residential Chapter.
As Dubai’s population grows and lifestyle demand rises, large master-planned communities like Sobha Sanctuary will shape the city’s next phase of residential development. The replication of the project as major destination of high end living in Dubai will require delivery in phases in the next few years.
