Page 99 - SOBHA REALTY PR REPORT - MARCH 2024 (ENGLISH)

3/4/24, 1:14 PM Dubai’s Sobha Realty reports record $4.2bn of sales in 2023, sets $5.4bn target this year amid luxury property boom - Arabian Busi…
ensuring a continuation of our upward trajectory in the dynamic real estate
landscape and realising our vision to be a global real estate brand.”

Arsenal unveiled as global real estate partner for Dubai-based Sobha Realty

Throughout 2023, Sobha Realty strategically elevated its market position in
Dubai 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 $300m Sukuk issuance last year also demonstrated its
capability to attract a wide range of investors from across the globe.

https://www.arabianbusiness.com/industries/real-estate/dubais-sobha-realty-reports-record-4-2bn-of-sales-in-2023-sets-5-4bn-target-this-year-amid-lu… 3/3