Sobha Group, a leading premium real estate developer, has announced an exclusive offer for Emirati nationals who are investing in its property at Sobha Hartland, an integrated freehold community along the Dubai Water Canal.

Under this special offer, Emirati nationals will get a two per cent DLD fees waiver when they book homes directly from the developer Sobha Hartland, said the developer in its statement.

Also Emiratis can avail of special prices on these properties during an exclusive event planned in Dubai and Abu Dhabi on February 11.

Sobha said the Emirati investors will have an option of either choosing from a range of studios, apartments, duplexes, villas or quad homes and can avail of the special payment plan which will allow them to pay 50 per cent during construction; 10 per cent on completion and 40 per cent over 2 years’ post-handover.

Unveiling the offer, PNC Menon, the founder and chairman of Sobha Group, said: "We are pleased to extend this exclusive offer of DLD waiver and special prices for the one of the largest buyers in the UAE – Emiratis."

"Additionally, they will have the advantage of getting high rental yields as a 20 per cent rent increase is expected on properties on the Dubai Canal," he noted.

"With the real estate investments from UAE nationals from across the GCC, Arabs, and foreigners to the tune of Dh22 billion ($5.98 billion) in 2016, the Dubai property market continues to be the preferred investment destination for Emiratis," stated Menon.

"We are upbeat about an imminent market upswing despite an overall slowdown in economy in the Middle East and lower oil price as investors and end-users from more than 50 countries continue to record their vote of confidence in Dubai," he noted.

Sobha Group at present has three major projects under construction, two of which are located at prime locations in Dubai and are expected to be completed by 2020.

The group recently announced the launch of Hartland Estates ‘Quad Homes’ - the largest and only townhouse project in the heart of Dubai and along the Dubai Water Canal. A limited number of 27 quad homes were launched in Phase One. Also, the company has already launched 48 villas and 167 apartments in the first phase, a significant number of which have already been sold..

According to him, Dubai remains the most sought-after property destination for investors as it offers one of the world's most attractive returns on their investments.

Sobha Hartland, surrounded by 2.4 million sq ft of greenery and set along the Dubai Water Canal, enjoys the unique advantage of prime location backed by over 40 years of expertise.

With Hartland Greens, Waterfront villas, and Hartland Estates - Quad Homes, Sobha Group continues to set a benchmark in offering world-class bespoke living experience, said Menon.

"Our array of options at Sobha Hartland boast of large, spacious and luxurious homes with unmatched quality which are preferred by Emiratis," he added.-TradeArabia News Service