Page 129 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )
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3/11/24, 10:10 AM               Real estate: Sobha Realty pulls $4.2bn in 2023 sales and bookings - Construction Week Online
        Real estate: Sobha Realty pulls $4.2bn in 2023


        sales and bookings



        The company recorded all-time high sales of $4.22 billion in 2023 in line with wider market trends



        by Staff Writer  March 09, 2024 08:00 AM GST   SHARE











































        Sobha Realty, a leading real estate developer in the region, has announced
        it concluded the year 2023 with record-breaking sales.


        The company recorded all-time high sales of $4.22 billion (AED15.5 billion) in 2023,
        showing strong demand for its luxury properties in line with wider market trends.



        In 2023, the company witnessed 51% growth in sales across its portfolio of residential
        and commercial developments in Dubai. The company attained its sales target of $4
        billion (AED15 billion) in 2023 and is aspiring to achieve $5.4 billion (AED20 billion)
        in 2024.

        The company handed over 1,819 units in the last year across two of its completed
        projects.


        “We are delighted to conclude 2023 on a high note, attaining record-breaking sales and
        establishing strategic partnerships that will shape the future of Sobha Realty,” said Ravi

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