Sobha Group has announced that the first homes that form part of its $4 billion Sobha Hartland project in Dubai will be completed by the end of 2017.
The company, which is owned by Indian property magnate PNC Menon, said that apartment prices will start from AED1,520 per sq ft with the villas starting from AED2,006 per sq ft.
Sobha Group has also announced the launch of an extended payment plan for Sobha Hartland in Mohammed Bin Rashid Al Maktoum City.
It said the plan on the L-shaped villas and high-rise apartments allows investors to pay 50 percent during construction, 25 percent six months post-completion and the final 25 percent instalment 12 months post-completion.
PNC Menon, founder and chairman, Sobha Group, said: "Sobha Hartland is proving to be one of the most sought-after locations as we have seen a huge demand for the villas and modern high-rise apartments. We are confident that the new payment plan will attract more interest in a development that will provide urban living close to the city centre."
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 150,000 sq m community centre, three hotels, a spa, two mixed-use towers, two schools, three mosques and a clubhouse.