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