INVESTMENT ATTRACTIVENESS OF SOBHA HARTLAND

Unlike many other proposals in the residential real estate market in Dubai, the community (district) Sobha Hartland satisfies the needs of all categories of buyers at the same time — both those who are looking for housing for themselves and investors planning a subsequent resale or rental.

Factors that make Sobha Hartland the most attractive investment area

1. Comprehensive filling of the district and each house with all the elements necessary for a comfortable life.

Each residential complex must have:

• swimming pool and gym,
• parking on the ground floors, in which at least one place is included in the price of the apartment and is given absolutely free of charge,
• security and access control,
• central air conditioning,
• centralized management of engineering systems at home with the help of IT (“smart home” system), which, in turn, is part of the overall “smart city” system in the community.

30% of the territory is given over to green areas with mature trees. Natural tranquility is complemented by the presence of an artificial channel with its own, closed to outsiders, beaches. The infrastructure also includes a metro station, a hospital, kindergartens, private schools and a megamall.

2. Convenient vehicle logistics.

The proximity of the location of the area to the business center of Dubai — Downtown and Business Bay, as well as to the key highways of Dubai.

3. Predictability of terms of delivery of objects.

The developer Sobha Realty is among the first in terms of reliability in terms of compliance with the construction schedule — not a single delay in the delivery of houses. Often the completion of construction is carried out even ahead of schedule.

4. Transfer to the client of a completely ready-to-live-in object.

The price includes a complete final renovation, complete bathroom equipment, built-in wardrobes in the rooms, a kitchen with appliances, including a dishwasher and washing machine, gas stove, oven, extractor hood, sockets and switches, doors. It remains only to put beds, tables and chairs and complement the interior with decor items. Accordingly, the house itself and the area around it are 100% equipped with all the declared elements by the time of delivery.

5. Installment payment schedule for 5 years with payments of 10%.

At the same time, only 60% of the cost must be paid before the transfer of the object, and another 40% — within 2 years after the transfer.

6. Possibility of resale after payment of 30% of the cost.

And now about the numbers

Regardless of the purpose of the acquisition, it is important to understand that the excess of demand over supply in the housing market in Dubai provokes a systematic increase in its value. And since the dirham is pegged to the US dollar at the state level, we are actually talking about an increase in dollar value. According to forecasts, the cost of apartments in Sobha Hartland will annually add 10% of its price, which allows you not to wait for the completion of construction and, if necessary, resell the object with a guaranteed margin.

What do you get if you purchase apartments for your own residence:

• Immediately after the transfer of the apartment, you can live in them by purchasing separate furniture. Accordingly, you save time and money on bringing your home to a livable condition.
• You don't have to live "at a construction site" — you will get a ready-made area with parks, roads and well-organized logistics
• By the time of readiness, you will pay only 60% of the total cost.
• When purchasing a home worth more than 750,000 dirhams (approximately $ 205,000) for full payment, you get a visa for three years with the possibility of unlimited extension. Savings from 6000 dirhams.

What do you get if you buy an apartment for rent:

• As already noted, for renting it will be enough to purchase individual elements of furniture and interior. It is important that in the Emirates it is practiced to rent unfurnished apartments for long-term rent, i.е. you can rent an apartment immediately after it is handed over to you from the developer.
• If you want to rent by the day or for another short period, then, of course, you need to fill the apartment with everything you need, as for your own living.
• Profitability from renting out — 5-10% of the cost per year. So, in the area under consideration, a 1 bedroom apartment with an area of 70-80 sq.m can bring from 50,000 dirhams per year for a long-term lease and from 5,000 dirhams per month for a short-term one. The yield of a 2 bedroom apartment can reach up to 100,000 dirhams or more per year.
• Despite the fact that studios and 1BR apartments, as in Russia, are the most liquid, apartments with a large number of bedrooms are more profitable in terms of cost - if the price of a "kopeck piece" is 1.5 times higher than that of a "one room", then the rental rate may be more than 2 times. Given that the area is ideal for families, there will be no problem in renting out multi-bedroom apartments.
• Lease payments will become a source of covering the balance of payments for the object.

What do you get if your goal is resale:

• You can resell the object, paying only 30% according to the schedule. Since, according to the payment plan, the obligation to pay 30% comes only after 15 months from the date of booking, by this time you can already count on an increase in the cost of 10%. To your investment, including government fees (4% DLD and registration fees), this will bring an increase of 30%.
• If you consider it necessary to wait for the completion of construction (taking into account the available proposals, this is 2024-2025), then by the time the house is delivered, you will pay 60% of the cost, however, the resale margin will also increase during this time.
• If you do not wait for the completion of construction, then the turnover of money with a constant dollar yield can be 1-1.5 years. At the same time, it is important that within the specified period the developer with a probability of 99% will no longer have offers, i.e. the price of your sale will be dictated by the market without competition from the developer, which is hard to imagine in Russia.

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