Page 129 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

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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