Page 176 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/4/24, 1:14 PM Sobha Realty achieves all-time high sales in 2023 with record bookings of AED 15.5 Billion | UAE News 24/7
Furthermore, PNC Investments, the group’s holding company,
garnered credit ratings of ‘BB-‘from S&P Global Ratings and ‘Ba3’
from Moody’s in 2023, underscoring its substantial financial
strength. The developer’s historic USD 300 million Sukuk issuance
last year also demonstrated its capability to attract a wide range of
investors from across the globe. Another notable achievement was
the Guiness World Record for creating the ‘largest helmet mosaic
formed by people’ depicting the UAE flag.

During 2023, Sobha Realty witnessed a remarkable journey
marked by surging customer demand, fruitful collaborations, and
substantial sales, all of which helped the company attain
significant end-of-year milestones. The success not only reflects
the unwavering commitment of the developer towards excellence,
but also sets the stage for a promising future in the burgeoning
realm of luxury real estate in Dubai.

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