Page 96 - SOBHA REALTY PR REPORT - MARCH 2024 (ENGLISH)

3/4/24, 1:14 PM Sobha Realty achieves all-time high sales in 2023 with record bookings of AED 15.5bln
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)

Tel: +971 4 4562888
Email: media@orientplanet.com

Website: www.orientplanet.com

REAL
ESTATE

https://www.zawya.com/en/press-release/companies-news/sobha-realty-achieves-all-time-high-sales-in-2023-with-record-bookings-of-aed-155bln-shk… 3/3