Gulf Construction Online

Real Estate

The Hartland Greens ... premium housing.

In Brief

01 March 2019

Sobha Realty hands over key phase of MBR City project

Sobha Realty has handed over the apartments in Phase One of Hartland Greens project, located within its Sobha Hartland development at Mohammed Bin Rashid Al Maktoum (MBR) city in Dubai.

The Hartland Greens is a premium collection of six mid-rise buildings, featuring spacious studios, one-, two- and three-bedroom apartments. four-bedroom duplexes, all located amidst vast open spaces.

Sobha Realty says out of the 167 apartments in Phase One, 117 have already been handed over to the residents.

Tirthankar Ganguly, the chief marketing officer of Sobha Realty, says: “The timely handover of buildings One and Four in Hartland Greens reinforces our customer-centric approach and our commitment to always achieving the best standards.”

Sobha Hartland is an 8-million-sq-ft waterfront community along the Dubai Canal and comprising luxurious apartments, premium villas as well as high-end townhouses.

“Being the only foremost backward integrated company in the world allows us to have complete control from conceptualisation to completion, as well as giving us the resources and capabilities to consistently deliver projects in a timely manner,” states Ganguly. “It also allows us to pay attention to the smallest details and give our customers a perfect product which has been crafted to achieve the highest possible standards.”

Sobha Realty is also gearing up to finish Phase One of Hartland Estate Villas, with handover to commence shortly.

Sharjah real estate transactions top $6bn in 2018

The real estate sector in Sharjah has seen a big boom with 54,125 transactions valued at Dh22.5 billion ($6.12 billion) in 2018, as per a report released by the Sharjah Real Estate Registration Directorate.

The real estate deals sealed last year covered over 52 million sq ft, while the mortgages transactions amounted to Dh14.9 billion, reported state news agency Wam, citing a top official.

Abdul Aziz Ahmed Al Shamsi, director-general of the Sharjah Real Estate Registration Directorate, attributes this exceptional growth to the big and diverse investment opportunities available in the emirate. This is apart from the attractive financing facilities offered by the banks and banking institutions, while the property prices have become more accessible to all types and levels of investors, he adds.

The recent government decisions to offer long-term residence visas up to 10 years for investors, residents, retirees and those wishing to study in the academic institutions nationwide have had a significant impact in this regard, he states.

“Foreigners in the emirate have also been given the usufruct to enjoy all the advantages of various real estate projects that include residential, commercial, and industrial,” he says.

Most of the 3,254 sales transactions registered or 87.9 per cent were in Sharjah city with 2,859 deals in 105 areas.

Investors from 48 nationalities worldwide were involved in the reported real estate transactions in Sharjah in 2018. “However, GCC nationals top the list with realty investments worth over Dh20 billion as compared to Dh2.5 billion for investors from other nationalities,” Al Shamsi explains.

Eagle Hills Diyar delivers Bahrain waterfront homes

Eagle Hills Diyar, the master-planner of the kingdom’s iconic waterfront development Marassi Al Bahrain, has completed its premium residential offering, Marassi Residences, and has started handing them over to the new owners.

Marassi Residences allows residents direct access to Marassi Galleria – a world-class shopping and entertainment destination expected to open in the first quarter of 2021 – and to a lush green park and panoramic sea views.

Managing director of Eagle Hills Diyar Dr Maher Al Shaer says: “This major milestone is only the first step towards providing both residents and visitors to the kingdom with an experience like no other. Marassi Residences is poised to set a new standard for luxury living, due to its prime location, wide range of amenities and the abundance of other offerings within this iconic urban development.”

“Providing its residents with convenient basement parking, 24-hour security and a host of exclusive amenities such as a gym, adult and children’s pools, play and barbecue areas, all of which can be accessed at the podium level, Marassi Residences provides the ideal waterfront lifestyle.”

Additionally, residents will be able to enjoy a 2-km beachfront and promenade, minutes away from Marassi Residences, he adds.

A 875,000-sq-m development, Marassi Al Bahrain comprises 6,000 apartments, 200,000 sq m of retail space, and Marassi Galleria and two world-class hotels - The Address Marassi Al Bahrain and Vida Marassi Al Bahrain, with around 300 branded apartments and 270 hotel rooms, a 34,000-sq-m central park with play areas for all ages, a 2,000-sq-m sales centre, 2 km of sandy beach and a range of restaurants and cafés.