Page 22 - SOBHA REALTY PR REPORT - MARCH 2024 (ENGLISH)

shape the future of Sobha Realty. The exceptional growth reflects our steadfast commitment to

delivering high-quality properties. As we step into 2024, our focus remains on adapting to

evolving market trends and elevating the quality of our services, further ensuring a continuation
of our upward trajectory in the dynamic real estate landscape and realising our vision to be a

global real estate brand.”

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.

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For further information, please contact:

Orient Planet Group (OPG)
Tel: +971 4 4562888

Email: media@orientplanet.com

Website: www.orientplanet.com