The real estate market in Dubai, legislative measures to increase investments and the growing interest of Romanians in acquisitions in the luxury real estate area, made us turn our attention to this niche and provide our customers with all the support in terms of an acquisition in this relative new market.
The real estate market in Dubai is booming, especially in the luxury area, where many projects are starting. That is what the figures say, the market grew by 230% in the first quarter of 2021 compared to last year, and the price of some properties in the "high - end" area also increased by 40%.
Following this market trend, local authorities have been able to seize the moment and further encourage expats'' interest in Dubai procurement.
These measures include the following:
- the possibility to purchase properties with payment in cryptocurrencies;
- legislative changes in order to increase confidence in Dubai investments, especially the latest amendment, which removed the risk of not being inherited;
- clear and simple formalities regarding the acquisition of a building and the digitization of some stages;
- promoting sustainability and encouraging real estate developers in this regard, especially in the area of"Smart City" and "multi - facilities", designed for a clean and healthy environment;
All these aspects have generated a growing interest from Romanians, especially investors, given the facilities and ROI they can get.
SOBHA is an international luxury real estate developer committed to redefining the art of living through sustainable communities.
Founded in 1976 as an interior decoration company in Oman by PNC Menon - a visionary entrepreneur whose company has grown with developments and investments in the United Arab Emirates.
Over the last decades, SOBHA realty has also redefined the real estate value chain, capitalizing on its inherent capabilities to design and develop conceptualization.
SOBHA is currently developing SOBHA Hartland, a luxury property community spread over 8 million square meters in the heart of Dubai, as part of the MASTER development of the town of Mohammed bin Rashid al Maktoum, which is actually the expansion of the downtown.
Hartland Waves, near the Waterfront District, is a clean and clear architecture that rises in front of the 1.8 km sidewalk that Sobha Hartland enjoys on the seafront. The facade is a simple game of horizontal and vertical shapes that offers uninterrupted 360-degree views of the tower, which will enjoy the sunrises and sunsets of every beautiful day.
Hartland Waves will be the first tower in the Waterfront district of Sobha Hartland.
ANG LUXURY PROPERTIES