Exploring Sobha Realty in 2024

Introduction

Sobha Realty is a prominent player in Dubai’s real estate sector, known for its commitment to quality and luxury. Founded by PNC Menon, the company has established itself as one of the top five real estate developers in the region, with a focus on delivering exceptional living experiences.

History and Founder of Sobha Realty

Sobha Realty was founded in 1976 by PNC Menon, an Indian entrepreneur from Kerala born in 1948 in India. Menon’s father passed away when he was only 10 years old and the burden of supporting his family came on his shoulders. Menon’s journey began with a small interior design firm in Oman, which laid the foundation for his future ventures in real estate. He established the Sobha Ltd brand in Bangalore in 1995, named after his wife with whom he has three children. In the 1990s he was awarded contracts to build the Sultan Qaboos Mosque, the largest mosque in Muscat and the Al Bustan Palace in Muscat.

Initial Projects and Sobha Hartland

The company’s first significant projects in Dubai included Sobha Daffodil, a simple yet well-constructed G+11 building in JVC with 188 units which showcased their commitment to quality and attention to detail. These initial building blocks paved the way for the development of Sobha Hartland, a master-planned community that spans over 8 million square feet. Launched in 2015, Sobha Hartland features a mix of villas, apartments, and townhouses set amidst lush greenery and vibrant landscapes which constitute over 30% of the gross area of the project. Amenities within the community include cafes, a cricket pitch, hotels, landscaped walkways, parks and open spaces, restaurants, shops, schools, spas, swimming pools, tennis courts and a yoga studio.

Quality of Real Estate

Sobha Hartland differentiates itself by owning the entire value chain, from design to construction, which allows them to maintain exceptional quality control. They produce their own construction materials, including concrete blocks, windows, and doors, ensuring precision and consistency. The use of premium materials, such as high-grade marble, superior wood, and top-quality tiles, enhances the durability and luxury of their properties. This commitment to in-house manufacturing and meticulous selection of materials results in superior craftsmanship, high standards of safety, and a distinctive architectural appeal, setting Sobha Hartland apart in the luxury real estate market.

Sobha Hartland

Here is a list of the buildings within Sobha Hartland which are ready:

1. Sobha Hartland Villas
2. Sobha Hartland Townhouses
3. The Terraces
4. Waves Grande
5. Hartland Waves
6. Geimini Splendour
7. One Park Avenue
8. Wilton Terraces
9. Sobha Creek Vistas
10. Creek Vistas Reserve
11. Wilton Park Residences
12. Sobha Hartland Greens 1
13. Sobha Hartland Greens 2
14. Sobha Hartland Greens 3
15. Sobha Hartland Greens 4
16. Sobha Hartland Greens 5
17. Sobha Hartland Greens 6
    
    Here are the projects under construction in Sobha Hartland (as of 2024)
    
18. The Crest
19. Aryana Hotel
20. Crest Grande
21. Berkeley Place
22. Waves Opulence
23. Kensington Waters
24. Creek Vistas Grande
25. The Highbury at MBR City
26. Sobha Creek Vistas Heights

Here are a list of villa communities in Sobha Hartland:

1. Sobha Gardenia Villas
2. Sobha Hartland Forest Villas
3. Sobha Water Canal Villas
4. Sobha Garden Houses

Property Offerings

Apartments, Villas, and Townhouses

Sobha Realty offers a diverse range of residential options:

• Apartments: Sobha provides stylish one to three-bedroom apartments with modern amenities. They are all built to the highest quality and most come with fitted kitchens, large tiled flooring, modern bathroom fittings and floor to ceiling windows.
• Villas: Their villas feature spacious layouts, private gardens, and premium finishes.
• Townhouses: Sobha’s townhouses are designed for families seeking comfort and convenience.

Median Price Points

As of 2024, the median price point for properties offered by Sobha Realty varies based on property type:

• Apartments: Prices typically range from AED 1.2 million to AED 3 million.
• Villas: Prices generally start at around AED 3 million, with larger units exceeding AED 10 million.
• Townhouses: Average prices are between AED 2.5 million and AED 5 million.

This pricing positions Sobha Realty competitively within the luxury segment of Dubai’s real estate market.

Comparison with Other Developers

When compared to other developers in the Emirates, Sobha Realty maintains a strong reputation for quality and customer satisfaction. While companies like Emaar, Nakheel, Dubai Properties and Damac dominate market share, Sobha’s focus on luxury living and high standards sets it apart. The average price per square foot for Sobha properties is competitive, often reflecting the premium nature of their developments.

One of the calling cards of an established developer in Dubai is their ability to build a community and maintain it to very high standards. Sobha Realty has done that with Sobha Hartland 1 and soon with their new master development, Sobha Hartland 2.

Future Plans

Looking ahead, Sobha Realty aims to expand its footprint in Dubai and beyond. The company plans to launch new projects that incorporate sustainable practices and innovative designs. With a focus on enhancing community living experiences, Sobha is committed to contributing positively to Dubai’s urban landscape.

Conclusion

Sobha Realty’s unique selling points lie in its unwavering commitment to quality, luxury, and customer satisfaction. By blending innovative designs with high construction standards, the company has established itself as a leader in Dubai’s real estate market. As one of the top five developers in the region, Sobha Realty continues to set benchmarks for excellence, ensuring that it remains a preferred choice for homebuyers seeking exceptional living experiences.

Citations:
[1] https://www.sobharealty.com