Page 156 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/6/24, 11:17 AM Sobha Eyes Dh20b Sales After A Record-Breaking 2023 | MENAFN.COM

Sobha Eyes Dh20b Sales After A Record-

Breaking 2023

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3/5/2024 2:52:22 PM

(MENAFN- Khaleej Times) Sobha Realty, which posted a 51 per cent record-breaking jump in
2023 sales over the previous year across its portfolio of residential and commercial

developments in Dubai, said it expects to hit Dh20 billion in 2024.

The real estate developer said its sales value surged to Dh15.5 billion in 2023. The developer
handed over 1819 units in 2023 across two of its completed projects before their due date.

Given this sales growth, the company has attained a market share of 10 per cent in Dubai
during the year, Sobha said in a statement.

Ravi Menon, co-chairman of Sobha Realty, said the developer concluded 2023 on a high
note, attaining record-breaking sales and establishing strategic partnerships that will shape
the future of Sobha Realty.

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