With a 58-Storey Tower and Prices Starting at Dh2m, Sobha Enters JLT
The Jumeirah Lake Towers are once again producing a large number of new launches, with Sobha Realty the most recent to do so with the Verde by Sobha, a high-rise. At over Dh2 million, apartment prices are at the upper end. The 58-story building will be located across from Cluster H.
Ellington and Danube have also just launched at JLT. Which has seen strong gains as investor demand extended throughout Dubai’s freehold clusters. The current average transaction value per square foot, according to market sources, is greater than Dh2000. Moreover, the area has benefited from increased attention due to the nearby “Uptown Dubai” development. Which will house a soon-to-be-completed tower.
According to Francis Alfred, Managing Director of Sobha Realty, “Dubai‘s real estate market has been on an upward track, and we predict additional expansion.”
The developer, who has recently been busy with offplan launches, anticipates making Dh1.6 billion in sales from The Verde. Luxury apartment buildings on Shaikh Zayed Road and Hartland 2 have been a part of this.
The project is expected to be finished in Q4 2026. Offplan sales account for the majority of the current demand for real estate in Dubai. Moreover, major developers have made it easier for this process by continuing to introduce new projects.
As the supply of available properties for sale shrinks, interest from foreign investors is at the core of the steady rise in demand. The most recent round of projects has completion dates of 2025–2026.