Page 199 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/4/24, 1:17 PM PRESSR: Sobha Realty achieves all-time high sales in 2023 with record bookings of AED 15.5bln — TradingView News
Throughout 2023, Sobha Realty strategically elevated its market

position and ensured continued success by creating worthwhile

partnerships. In line with its endeavour to explore new opportunities

beyond the regional real estate landscape, Sobha Realty entered

into a significant venture with IIFA 2023 to cater to the global Indian

audiences, as well as marked a multi-year principal partnership with

Arsenal Football Club for a truly global outreach.

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.

For further information, please contact:

Orient Planet Group (OPG)

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