Page 188 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/4/24, 1:15 PM Sobha Realty posts record $4.2bn sales for 2023 in Dubai

COMMERCIAL NEWS

Sobha Realty, a leading real estate developer

in the region, has closed FY 2023 with record-
breaking sales of AED15.5 billion ($4.2

billion), up 51% over the previous year across
its diverse portfolio of residential and

commercial developments in Dubai.

The company handed over 1819 units in the

last year across 2 of its completed projects,
before their due date. In view of this sales
Sobha Realty posts record $4.2bn sales for 2023 in
Dubai growth, the company has attained a market share
of 10% by value in Dubai during the year.
Mar 2, 2024 9:42 AM

Sobha Realty a leading real estate developer in the After attaining this sales target in 2023, Sobha is
region has closed FY 2023 with record-breaking sales of now aspiring to achieve AED20 billion this year,
AED15.5 billion ( 4.2 billion) up 51% over the previous ity stated.
year across its diverse portfolio of...

Sobha Realty’s steadfast commitment to ensure utmost excellence in design, craftsmanship, quality, and

customer satisfaction, as well as timely delivery of its projects have been key factors for the rising
demand for its properties.

Last year, the company also made significant strides in establishing a robust global presence through its

marketing efforts and set out the aspiration to expand its footprint in some key global markets.

Sobha Realty’s consistency in setting new industry standards with each of its projects, including the

newly launched Sobha Hartland-2 and Sobha Seahaven Sky Edition, has resulted in a strong demand
from the consumers.

Last year the company took a strategic initiative to introduce their first corporate brand campaign ‘The

Art Of The Detail’ which showcases the DNA of the organization, said the statement.

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