Page 186 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/4/24, 1:15 PM Sobha Realty achieves all-time high sales in 2023 with record bookings of AED 15.5 Billion | MENAFN.COM

Sobha Realty achieves all-time high sales in

2023 with record bookings of AED 15.5 Billion

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3/3/2024 4:16:14 AM

(MENAFN- Orient Planet Group) Dubai 1 March 2024: Sobha Realty, a leading real estate
developer in the region committed to delivering unrivalled quality and luxury, concluded the

year 2023 with record-breaking sales. The company recorded all-time high sales of AED 15.5
billion in 2023, demonstrating the surging demand for its luxury properties.

In 2023, the company witnessed a 51 per cent growth in sales across its diverse portfolio of
residential and commercial developments in Dubai. The company attained its sales target of

AED 15 billion in 2023 and is aspiring to achieve AED 20 billion in 2024. 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. 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 growth, the company
has attained a market share of ~10 per cent by value in Dubai during the year.
Last year, the company also made significant strides in establishing a robust global presence

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