Page 192 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/4/24, 1:16 PM Sobha Realty posts record $4.2bn sales for 2023 in Dubai

Sobha Realty posts record $4.2bn sales for 2023

in Dubai

ABU DHABI

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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 1,819 units in the last year across two of its completed projects, before their due
date. In view of this sales growth, the company has attained a market share of 10% by value in Dubai during the
year.

After attaining this sales target in 2023, Sobha is now aspiring to achieve AED20 billion this year, ity stated.

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.

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