Sobha Hartland Greens - Phase III

Resale

DeveloperSOBHA L.L.C

CommunitySOBHA HARTLAND

AreaAl Merkadh

Started

8 years 3 months ago15-10-2017

Handover

5 years ago11-01-2021

Status

CompleteFinished

Project Description

Sobha Hartland is a mixed-use development covering eight (8) million square feet of prime land situated along Al Khail Road, adjacent to Meydan Godolphin Parks and in close proximity to Downtown Dubai. The development comprises of luxury villas, Townhouses and apartments, a clubhouse, a retail mall, schools, children nursery, hotels and sports facilities with a striking lush forest-like landscape. Sobha Hartland Greens Phase III is located at the center of Sobha Hartland. This 2 x G+ 2Podium + 12 floors project comprises of Studio, 1,2, 3 bedroom and retail units.

Performance Alpha

Blended: Last 90Dvs Last 12M Baseline

Falling

-42%

Decline

Current:AED 835/sqft

Last 12M:AED 1,440/sqft

Momentum: Last 12Mvs Prior Year

Falling

-17%

Decline

Last 12M:AED 1,440/sqft

Prior Year:AED 1,725/sqft

Community Compare: Last 90DSOBHA HARTLAND

Discount

-55%

Below Avg

Project:AED 835/sqft

Community:AED 1,851/sqft

Liquidity: Last 12MExit Speed

Moderate

16%Turnover

79Sold (Last 12M)

Supply & Demand Matrix

Sobha Hartland Greens - Phase III averaged 16% liquidity over the last 12 months, which is considered moderate. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.

Type

Absorption (L12M)

Velocity

Studio

170 units

41 sold129 left

24%

Velocity

1 Bedroom

186 units

27 sold159 left

15%

Velocity

2 Bedrooms

127 units

10 sold117 left

Velocity

3 Bedrooms

12 units

1 sold11 left

Velocity

Shop

12 units

0 sold12 left

Velocity

Layouts & Units (507)

Asset Class	Inventory	Size Range	Price Range	Avg PSF	Sales	Trend
Asset Class Studio FlatPodium + Floors 1-11	Inventory 170units 27 layouts · Typically 1 parking 5-20 sqm balcony	Size Range 242-643sqft	Price Range AED 8K - AED 1.0M	Avg PSF 1,507	Sales 111	Trend —

Asset Class 1 Bed FlatPodium + Floors 1-12	Inventory 186units 40 layouts · Typically 1 parking 5-23 sqm balcony	Size Range 350-1,015sqft	Price Range AED 20K - AED 1.7M	Avg PSF 1,512	Sales 96	Trend —

Asset Class 2 Bed FlatPodium + Floors 1-12	Inventory 127units 40 layouts · Typically 1 parking 5-37 sqm balcony	Size Range 587-1,527sqft	Price Range AED 1.1M - AED 3.0M	Avg PSF 1,484	Sales 55	Trend —

Asset Class 3 Bed FlatFloors 1-12	Inventory 12units 3 layouts · Typically 2 parking 16-58 sqm balcony	Size Range 1,766-2,236sqft	Price Range AED 2.3M - AED 3.3M	Avg PSF 1,421	Sales 2	Trend —

Asset Class Building	Inventory 0units	Size Range 40,774-40,774sqft	Price Range —	Avg PSF 715	Sales 0	Trend —

Asset Class ShopPodium	Inventory 12units 12 layouts · Typically 1.8 parking	Size Range 460-3,205sqft	Price Range AED 1.9M - AED 1.9M	Avg PSF 1,969	Sales 1	Trend —

Grouped into 6 asset classes covering 507 units