Phase two of $4bn Sobha Hartland to start in Q2

Developer to open first of two school sites in September

NEWS, Projects, Sobha Group, Sobha Hartland, Tenders

The company, which is owned by Indian property magnate PNC Menon, said that tenders for roads and utilities have already been floated and bids from contractors have been received.

The firm is carrying out most of the construction work on the site through its own contracting business.

The site will eventually include 282 four-, five- and six-bed villas, 18 low-rise, three mid-rise and nine high-rise apartment blocks, as well as a 150,000m² community centre, three hotels, a spa, two mixed-use towers, two schools, three mosques and a clubhouse. These will be delivered in phases beginning in the first quarter of 2017.

The first of the schools, Sobha International Academy, represents the first phase of site works and will be completed by September.

The company said that it is also in the process of opening five international sales offices in London, Singapore, Riyadh, Doha and Kuwait City to target investors.

Vice-chairman Ajay Rajendran said: "We strongly believe that the economic fundamentals for Dubai are stronger than ever and, therefore, the initiative to open overseas sales offices strengthens our commitment to Dubai’s longer term real estate growth.”

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