Sobha
Sobha Realty is a luxury real estate developer based in Dubai, part of a group founded in 1976 that claims more than 45 years of construction experience. Its distinguishing feature is full vertical integration (design, engineering, joinery, manufacturing and construction carried out in-house), which allows it to control the entire development cycle. It operates in three emirates (Dubai, Umm Al Quwain, Abu Dhabi), with master plans such as Sobha Hartland, Sobha Hartland II, Sobha Sanctuary and Downtown UAQ.
- Founded
- 2003
- Projects delivered (DLD)
- 20
- Homes delivered (DLD)
- 7,869
- Median resale vs off-plan gap
- +17%
Profile
- Founded
- 2003 · Dubai operations; group founded in 1976 in Omansource ↗
- Founder
- PNC Menonsource ↗
- Headquarters
- Dubaisource ↗
- Group
- Sobha Group, private, founded by PNC Menonsource ↗
- Listing
- Sukuk : London Stock Exchange, Nasdaq Dubaisource ↗
- Presence
- United Arab Emirates (Dubai, Umm Al Quwain) · Oman · Bahrain · India · United States and Australia (expansion announced in 2026)
- Delivered, according to the developer
- 8,000+ homes, including joint ventures (2026)source ↗
- Under development, according to the developer
- 50+ projects under way in the UAE; 49,000+ homes launched (2026)source ↗
Published figures
AED 30bn (≈ EUR 7.39bn) (+30%)
Sales (2025)source ↗
AED 87bn (≈ EUR 21.4bn)+
Cumulative sales to 30 April 2026 (2026)source ↗
6,819 homes, about AED 21.6bn (≈ EUR 5.32bn) in sales
Scheduled handovers (Khaleej Times) (2026)source ↗
USD 750m, about 2.8 times oversubscribed
First green sukuk (Gulf News) (2025)source ↗
Landmark projects
- Sobha Hartland
- Sobha Hartland Greens
- One Park Avenue
- Sobha Creek Vistas
- Sobha Daffodil
Key dates
1976
PNC Menon founds an interior decoration business in Oman, the origin of Sobha Group.source ↗
1995
Sobha Developers launched in Bangalore (India).source ↗
2003
The group enters Dubai.source ↗
2025
First green sukuk (USD 750m) and AED 30bn (≈ EUR 7.39bn) in sales for the year.source ↗
2026
Announced handover programme: 6,819 homes.source ↗
In the Dubai Land Department registry
What the DLD's open data on projects, sales and leases says about the projects registered to the developer and its companies.
Registered projects
48
Homes delivered
7,869
Homes under construction
27,602
Average progress of ongoing projects: 43%
Median construction time
41 months
In the registry for
19 years
2007
Sales registered on its projects
34,823
Its sales, year by year
Apartment and villa sales registered on the developer's projects. The line tracks the median price per square foot of apartments (for a villa, the registry area is the plot).
Median apartment price on its projects: AED 1,452/sq ft (≈ EUR 3,850 per m²) in 2016, AED 2,575/sq ft (≈ EUR 6,830 per m²) in 2026.
What buyers of its delivered projects have seen
For each delivered project, we compare the median price per square foot of apartments paid off-plan with the median price of their resales over the last 24 months, and the median rent of apartment Ejari leases signed over 12 months with that resale price.
Median gap, resale vs off-plan
+17%
out of 14 measurable projects
Per year (median)
+3.9%
Projects reselling above their off-plan price
93%
out of 14 measurable projects
Median gross rental yield
6.2%
14 delivered projects with leases
| Project | Delivered | Off-plan / sq ft | Resale / sq ft | Gap | / yr | Gross yield |
|---|---|---|---|---|---|---|
| Sobha Hartland One Park AvenueAl Merkadh | 2022 | 1,501 | 2,084 | +39% | +8.6% | 5.9% |
| Sobha Hartland Waves GrandeAl Merkadh | 2024 | 1,700 | 2,098 | +23% | +6.8% | 6.3% |
| Sobha Hartland Greens - Phase IIIAl Merkadh | 2021 | 1,508 | 1,852 | +23% | +3.9% | 6.5% |
| Sobha Creek VistasAl Merkadh | 2021 | 1,645 | 1,986 | +21% | +3.8% | 6.9% |
| Sobha Creek vistas ReserveAl Merkadh | 2023 | 1,750 | 2,094 | +20% | +5.1% | 6.6% |
| SOBHA HARTLAND GREENS PHASE IIAl Merkadh | 2020 | 1,481 | 1,750 | +18% | +2.1% | 6.3% |
| Sobha Creek Vistas GrandeAl Merkadh | 2025 | 1,800 | 2,121 | +18% | +7.7% | 6% |
| Sobha Hartland WavesAl Merkadh | 2024 | 1,903 | 2,195 | +15% | +4% | 6.5% |
| Sobha Hartland - The CrestAl Merkadh | 2025 | 1,925 | 2,215 | +15% | +4.8% | 6% |
| SOBHA HARTLAND GREENS- PHASE IAl Merkadh | 2018 | 1,476 | 1,698 | +15% | +1.7% | 6% |
Past observations based on medians per square foot, to give you a concrete benchmark: not a valuation of any property, not a forecast and not a promise of return. Price gaps are gross, before purchase costs (4% DLD fee, commissions) and resale costs; the yield is gross, before service charges, vacancy and management.
Its projects under construction
| Project | Launched | Homes | Off-plan / sq ft | Progress |
|---|---|---|---|---|
| SOBHA ONERas Al Khor Industrial First | 2023 | 3,057 | 2,165 | 86% |
| Sobha OrbisAl Hebiah First | 2024 | 3,002 | 1,895 | 18% |
| Sobha SolisAl Hebiah First | 2024 | 2,351 | 2,010 | 18% |
| SkyvueBukadra | 2025 | 2,738 | 2,595 | 11% |
| Sobha Creek Vistas HeightsAl Merkadh | 2023 | 1,354 | 2,020 | 92% |
| SKYSCAPEBukadra | 2024 | 1,852 | 2,450 | 38% |
| Sobha Central Phase IJabal Ali First | 2025 | 2,383 | 2,848 | 7% |
| 360 Riverside CrescentBukadra | 2024 | 910 | 2,470 | 51% |
Its projects on sale with SwissPro360
Sobha Sanctuary
Dubailand (axe Dubai–Al Ain Road), Dubaï
From AED 999,000 (≈ EUR 246,000)▶ 4
The Woods (Sobha Sanctuary)
Sobha Sanctuary, Dubailand (axe Dubai–Al Ain Road), Dubaï
From AED 999,000 (≈ EUR 246,000)Sobha AquaCrest (Downtown UAQ)
Downtown UAQ, Umm Al Quwain (ÉMIRAT D'UMM AL QUWAIN — hors Dubaï)
From AED 1,170,000 (≈ EUR 288,000)▶ 1
Sobha Siniya Island
Siniya Island, Umm Al Quwain (ÉMIRAT D'UMM AL QUWAIN — hors Dubaï)
From AED 1,370,000 (≈ EUR 338,000)▶ 4
Sobha City – River Cove Residences
Sobha City, Abou Dhabi
From AED 1,400,000 (≈ EUR 345,000)
Sobha Central
Sheikh Zayed Road (Jebel Ali First, près de JLT), Dubaï
From AED 1,700,000 (≈ EUR 419,000)▶ 2
Skyvue Altier
Sobha Hartland II, MBR City, Dubaï
From AED 1,830,000 (≈ EUR 451,000)The Element at Sobha One
Sobha One, Ras Al Khor, Dubaï
From AED 1,830,000 (≈ EUR 451,000)▶ 1Skyscape (Altius, Avenue, Aura)
Sobha Hartland II, MBR City, Dubaï
From AED 1,950,000 (≈ EUR 480,000)▶ 1Skyvue Stellar
Sobha Hartland II, MBR City, Dubaï
From AED 2,380,000 (≈ EUR 586,000)350 Riverside Crescent
Sobha Hartland II, Mohammed Bin Rashid City (MBR City), Dubaï
From AED 2,500,000 (≈ EUR 616,000)▶ 2Sobha SkyParks
Sheikh Zayed Road, Dubaï
From AED 2,880,000 (≈ EUR 710,000)
360 Riverside Crescent
Sobha Hartland II, MBR City, Dubaï
From AED 3,460,000 (≈ EUR 852,000)▶ 2
Sobha City – The Terraces
Sobha City, Abu Dhabi (ÉMIRAT D'ABU DHABI — hors Dubaï)
From AED 4,910,000 (≈ EUR 1,210,000)▶ 2
Sobha City – The Orchard
Sobha City, Abou Dhabi
From AED 9,040,000 (≈ EUR 2,230,000)Skyvue Solair
Sobha Hartland II, MBR City, Dubaï
Price not disclosedSkyvue Spectra
Sobha Hartland II, MBR City, Dubaï
Price not disclosedSobha Aquamont (Downtown UAQ)
Downtown UAQ, Umm Al Quwain (ÉMIRAT D'UMM AL QUWAIN — hors Dubaï)
Price not disclosed▶ 2
Sobha Elwood
Dubailand (Al Yufrah, axe Dubai–Al Ain Road), Dubaï
Price not disclosed▶ 3
Sobha Estates (Hartland II)
Sobha Hartland II, MBR City, Dubaï
Price not disclosed▶ 2
Sobha One
Ras Al Khor (Ras Al Khor Industrial Area 1), à côté de Sobha Hartland / MBR City, Dubaï
Price not disclosed▶ 2Sobha Orbis
Motor City, Dubaï
Price not disclosedSobha Reserve
Wadi Al Safa 2, Dubailand, Dubaï
Price not disclosed▶ 1Sobha SeaHaven
Dubai Harbour, Dubaï
Price not disclosed▶ 2Sobha Solis
Motor City, Dubaï
Price not disclosed▶ 1Verde by Sobha
Jumeirah Lake Towers (JLT), Dubaï
Price not disclosed▶ 2
Information taken from the official website of the developer, an agency partner. Prices and availability move quickly: before any booking, an advisor confirms them to you in writing.
Where Sobha's available projects are
One marker per area, larger where projects are numerous. Click a marker to see its projects. Only projects still on sale, launching or under construction: never sold-out projects.
15 available projects in 7 areas
Sobha Hartland
7 available projects
- Skyvue AltierOn sale · off-planfrom AED 1.83M→
- Skyscape (Altius, Avenue, Aura)On sale · off-planfrom AED 1.95M→
- Skyvue StellarOn sale · off-planfrom AED 2.38M→
- 360 Riverside CrescentOn salefrom AED 3.46M→
- Skyvue SolairOn salePrice on request→
- Skyvue SpectraOn sale · off-planPrice on request→
- Sobha OneOn sale · under constructionPrice on request→
10 other projects off the map
- Sobha SanctuaryOn sale · launchfrom AED 999k→
- Sobha AquaCrest (Downtown UAQ)On sale · off-planfrom AED 1.17M→
- Sobha Siniya IslandOn sale · off-planfrom AED 1.37M→
- Sobha City – River Cove ResidencesOn sale · off-planfrom AED 1.4M→
- The Element at Sobha OneOn sale · off-planfrom AED 1.83M→
- Sobha SkyParksOn sale · launchfrom AED 2.88M→
- Sobha City – The TerracesOn sale · off-planfrom AED 4.91M→
- Sobha City – The OrchardOn sale · off-planfrom AED 9.04M→
- Sobha Aquamont (Downtown UAQ)On sale · off-planPrice on request→
- Sobha ElwoodOn sale · under constructionPrice on request→
Method and sources
- Projects: DLD project registry. A project is attributed to the developer when the company holding it in the registry belongs to its group (company name or known project company). Projects by other developers built in its communities are not attributed to it.
- Sales and prices: DLD transaction registry. Volumes count apartments and villas; prices per square foot, gaps and yields cover apartments only, offices, shops and hotel rooms excluded, because a villa's area in the registry is its plot (1 m² = 10.764 sq ft). 'Off-plan' covers first sales and resales before handover.
- Resale vs off-plan gap: only for delivered projects with at least 10 off-plan sales and 10 resales over 24 months. The annual equivalent runs between the median date of off-plan sales and that of resales.
- Rents: residential Ejari leases for a single apartment, signed over 12 months, at least 10 per project.
- Profile facts: official websites, annual reports, press releases and aggregators (Propsearch, etc.), each linked to its source. Figures 'according to the developer' are quoted as published: the registry cannot confirm them.
Computed by SwissPro360 from DLD open data, up to 12 November 2026.
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