Verde by Sobha

SOBHA Verde is the first residential development by Sobha Realty in Jumeirah Lake Towers and comes as part of a collaboration with the DMCC. Potential real estate buyers are presented with a selection of 1–3.5 bedroom apartments with living areas ranging from 771 sq. ft to 1,921 sq. ft.

Each apartment will feature a balcony, a laundry room and an enclosed kitchen, while select layouts may include a study, a powder room or a maid’s room for the utmost convenience of homeowners. There is also the opportunity to purchase a full floor of 13,993 sq. ft.

The initial price for an apartment in SOBHA Verde, as of Q1 2023, is on offer for a minimum of AED 1.69M (USD 460K). You can also acquire a full floor for AED 30.8M (USD 8.4M).

The estimated completion date of SOBHA Verde is scheduled for Q4 2026. As mentioned earlier, you can acquire a full floor to arrange at your discretion. For example, it is possible to use one apartment as your own private residence, whilst the rest of the properties can be rented out or sold to generate profit. That said, according to Property Finder, as of March 2023, the ROI for 1-bedroom properties in JLT has reached 8.2%, with an initial rental cost of AED 45K (USD 12K) per annum.

The real estate in SOBHA Verde will be of high interest to business professionals and entrepreneurs, since the complex is situated just a short walk away from the DMCC, which is the world’s most interconnected Free Zone. Crowned 8 times as the ‘Global Free Zone of the Year’ by the Financial Times fDi magazine, the DMCC offers a highly beneficial business environment, with a one-stop shop, flexible office solutions and 100% business ownership and capital repatriation.

SOBHA Verde provides you with the opportunity to apply for a 2-year residence visa for a minimum of AED 750K (USD 204K) or a 10-year Golden Visa priced for a property investment of at least AED 2M (USD 545K). Both of these options have family sponsorship, which covers a spouse and children.