One of the leading developers of Dubai, Sobha Realty, assures: today the UAE is one of the world's main destinations for the acquisition of real estate. Representatives of the developer claim that in 2022 the real estate market in Dubai will develop rapidly. As a result, the developer plans to get about $1.6 billion for its facilities.
It is reported that this indicator is higher than forecasts in 2021 – by 60%. Today, the developer is engaged in the construction of its flagship Sobha Hartland project, whose cost is $4 billion. Such a residential complex includes 9,000 real estate objects. Its total area will be 11 hectares.
Constant demand from wealthy people has become the main factor in the development of the housing market in Dubai. It is also necessary to take into account the effective measures of the authorities that have been taken in the process of combating COVID-19. This is confirmed by the demand for the residential complex Sobha Hartland. It is noteworthy that this year the developer plans to hand over more than 2,000 units of real estate.
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