Page 14 - SOBHA REALTY PR REPORT - NOVEMBER 2024

Press Release

Sobha Realty Scores 91, Reaches New Heights in 2024 GRESB Assessment
~The company features amongst top 4% of global entities striving for excellence in ESG

Performance~

Dubai, November 25, 2024: Sobha Realty, a leading global luxury real estate developer, has
achieved an impressive score of 91 in the 2024 Annual GRESB Assessment, marking a
significant improvement from its 2023 score of 72. This achievement highlights Sobha Realty's
steadfast commitment to Environment, Social and Governance (ESG) pillars, strengthened by
its second consecutive year of voluntary participation in the GRESB ESG benchmarking. This
advancement positions Sobha Realty among the top 4% of global entities striving for
excellence in ESG performance and sustainability leadership.

In the 2024 GRESB Development Benchmarking Assessment, Sobha Realty outperformed both
global and peer averages, attaining an exceptional development score of 65 out of 70. This
achievement reaffirms Sobha Realty's dedication to embedding ESG principles into its design
and construction processes, advancing sustainable development across its portfolio.

Among its peer group of 23 participants from over 14 countries—including the United States,
United Kingdom, Europe, and Australia—Sobha Realty ranked ninth, showcasing its rising
influence in the global sustainability landscape.

Francis Alfred, Managing Director of Sobha Realty, said: “Our significant progress in
the GRESB assessment exemplifies Sobha Realty’s dedication to sustainability and climate

leadership. By centring our ESG goals on sustainable developments, we create meaningful
and positive impact, especially in environmental sustainability. Our ambition is to set new

standards for sustainable development that benefits our communities, stakeholders, and the
planet.”

Sobha Realty’s GRESB Assessment success exemplifies its leadership in sustainability and

further reinforces its commitment to UAE’s vision for a sustainable future, such as the UAE
Net Zero by 2050 strategic initiative, UAE circular economy policy and UAE’s Green Agenda.

Over the past years, the developer has continuously pioneered high-quality climate reporting
with its three comprehensive ESG reports and two Greenhouse Gas (GHG) assessments, which

form the basis of its systematic emissions reduction strategy, further supporting the UAE’s
climate goals.