Page 90 - SOBHA REALTY PR REPORT - MARCH 2024 (ENGLISH)

REAL ESTATE
Sobha Realty achieves all-time high sales in 2023

with record bookings of AED 15.5bn
Vicky Karantzavelou

04.03.2024

222

REAL ESTATE

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.

DUBAI – 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

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with-record-bookings-of-aed-15-5bn/