Page 30 - SOBHA REALTY PR REPORT NOVEMBER 2023

Dubai Realty: thriving on new opportunities

Outlook for the sector is very promising, Sobha chairman says

by

Issac John

Published: Wed 22 Nov 2023, 5:35 PM

Dubai has stayed strong amid all the global or regional adversities and geopolitical
challenges, thriving on new opportunities that arise, says PNC Menon, chairman of

Sobha Group.

The real estate mogul, sharing the story of Sobha Realty's growth in the UAE, and his
journey in the region, told Khaleej Times that his group’s success as a sought-after
property brand is a testament to the region's pragmatic vision and immense growth
potential.

“The decision to establish my company in Dubai was influenced by the dynamic
environment, visionary leadership, and the exciting opportunity to contribute to the
burgeoning real estate sector in the Emirates,” said Menon, who is marking his 75th
birthday and 47 years of business in the region, including the initial 27 years in Oman.

On the outlook of the real estate sector and how Sobha Realty has positioned itself in

this dynamic market, Menon said the phenomenal growth of the sector could be
attributed to factors like economic stability, infrastructure development, and a
cosmopolitan lifestyle. “Sobha Realty has positioned itself by consistently delivering on
its promises, creating iconic developments that resonate with the aspirations of our

diverse clientele. To sum up, the outlook for the realty sector is very promising. What
Dubai did in the last three years is unimaginable. Because they wanted more people to
come and live in Dubai.”

“If we look at the whole world today, there are only two places that are safe to stay. First
is Dubai, and second is Singapore. The crime rates are really low in these places and

above all, the women are very safe here. I think the kind of assurance that’s been given

https://www.khaleejtimes.com/ml/business/dubai-realty-thriving-on-new-opportunities