Overview

Property Description

A collaboration between Sobha Realty and DMCC resulted in SOBHA Verde, Sobha Realty's first residential development at Jumeirah Lake Towers. There are a variety of 1–3.5 bedroom apartments to choose from with living areas ranging from 771 sq. ft. to 1,921 sq. ft. For the utmost convenience of homeowners, select layouts may include a study, a powder room or a maid's quarters. A full floor of 13,993 square feet is also available. In Q1 2023, SOBHA Verde apartments will be available for a minimum price of AED 1.69M (USD 460K). A full floor will be available for AED 30.8M (USD 8.4M). *Prices are valid for 2023 The estimated completion date of SOBHA Verde is Q4 2026. As mentioned earlier, you can acquire a full floor to arrange at your discretion. It is possible, for instance, to use one apartment as your own private residence, while renting out or selling the rest of the properties. Nevertheless, according to Property Finder, the ROI of 1-bedroom JLT properties has reached 8.2% as of March 2023, at an initial rental cost of AED 45K (USD 12K). Business professionals and entrepreneurs will be particularly interested in SOBHA Verde's real estate because it is just a short walk from the world's most interconnected Free Zone, DMCC. With its one-stop shop, flexible office solutions, and 100% business ownership and capital repatriation, the DMCC has been voted ‘Global Free Zone of the Year’ by the Financial Times fDi magazine eight times. In SBHA Verde, you can apply for a 2-year residence visa for a minimum investment of AED 750K (USD 204K) or for a 10-year Golden Visa for an investment of at least AED 2M (USD 545K). There are family sponsorship options for both of these options.

Location