Page 21 - SOBHA REALTY PR REPORT - JUNE 2024

most recalled brand among premium real estate intenders in the UAE.
Additionally, Sobha Realty signed a multi-year Principal partnership
with Arsenal Football Club, enhancing its global brand presence.

In the last 12 months, Sobha Realty successfully handed over Waves
and Waves Grande and launched Skyscape Avenue at Sobha
Hartland II, Sobha Orbis, and 310 to 360 Riverside Crescent (six

towers at Sobha Hartland II). The total value of these projects exceeds
$1.55 billion (AED 5.7 billion), showcasing their ability to deliver large-
scale developments.

Skyscape Avenue is scheduled for handover in Q4 2028, while the
Sobha Orbis is expected to become the epitome of modern urban
living in the most sought-after area of Motor City in Dubai.

In 2023, Sobha Realty achieved a 51% increase in sales of Dubai-
based properties and handed over 1,819 units. Driven by expansion
plans and market trends, they predict sales of $4.9 billion (AED 18
billion) for 2024.

Under the guidance of Founder and Chairman of Sobha Group PNC
Menon, Sobha Realty has committed $109 million (AED 400 million)

for Mothers’ Endowment Campaign, spearheaded by His Highness
Sheikh Mohammed bin Rashid Al Maktoum, and donated $1.36 million
(AED 5 million) to BAPS Hindu Mandir. In India, they provided free
housing to 220 women-led families and pledged $120 million (AED
440.7 million) for the Sabarmati Riverfront Development. In Oman,
they pledged $25 million (AED 91.81 million) to construct houses for

orphans and needy families.

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