Sobha Properties is a leading luxury real estate developer in Dubai, offering a diverse portfolio of residential apartments and villas across the Emirate. Sobha Properties is a subsidiary of Sobha Group, a multinational conglomerate with interests in real estate, construction, manufacturing, retail, hospitality, and education.
Who Is Sobha Properties?
Sobha Properties is a company that was established in 2006 as a joint venture between Sobha Group and the Government of Dubai. The company aims to create world-class living spaces that reflect the culture and heritage of Dubai, while incorporating modern design and technology.
Sobha Properties has delivered over 10 million square feet of residential and commercial off plan projects in Dubai, and has over 40 million square feet of ongoing and planned developments.
What Is The History Of Sobha Properties?
Sobha Properties traces its roots to Sobha Group, which was founded in 1976 by P.N.C. Menon, an Indian entrepreneur who started his career as an interior decorator in Oman.
He later expanded his business to other Gulf countries, and eventually entered the Indian real estate market in 1995. In 2006, he partnered with the Government of Dubai to form Sobha Properties, with the vision of creating iconic landmarks in the Emirate.
Since then, Sobha Properties has developed several prestigious projects, such as Sobha Hartland, Sobha Daffodil, Sobha Ivory, and Sobha Sapphire.
Who Are Key People In Sobha Properties?
The key people in Sobha Properties are:
- P.N.C. Menon: He is the founder and chairman of Sobha Group and Sobha Properties. He is also the chairman of The Art of Living Foundation in the Middle East.
- Ravi Menon: He is the chairman of Sobha Realty, the international arm of Sobha Group that oversees the operations of Sobha Properties. He is also the vice chairman of The Art of Living Foundation in India.
- Jyotsna Hegde: She is the president of Sobha Realty and Sobha Properties. She is responsible for the strategic direction and execution of the company’s projects and operations.
- Tirthankar Ganguly: He is the chief marketing officer of Sobha Realty and Sobha Properties. He leads the marketing, sales, customer service, and branding functions of the company
Where Is The Headquarters Of Sobha Properties?
The headquarters of Sobha Properties is located at Sobha Sapphire, Business Bay, Dubai. The building is a 19-storey tower that houses the corporate office of Sobha Group and Sobha Realty, as well as retail and commercial spaces.
How Many Employees Has Sobha Properties?
Sobha Properties has over 3,000 employees across its various departments and divisions. The company has a diverse and multicultural workforce that comprises professionals from over 60 nationalities.
What Is The Financial Performance Of Sobha Properties?
Sobha Properties has achieved consistent growth and profitability over the years. The company reported a revenue of AED 1.8 billion ($490 million) and a net profit of AED 271 million ($74 million) for the financial year 2020-2021.
The company also recorded a sales volume of AED 1.9 billion ($517 million) for the same period. The company has a strong balance sheet with a low debt-to-equity ratio of 0.4
What Are The Most Popular Sobha Properties Off Plan Projects In Dubai?
Sobha Properties has several off plan projects in Dubai that cater to different segments and preferences of buyers. Some of the most popular ones are:
1. Sobha Hartland
This is a master-planned community that spans over 8 million square feet in Mohammed Bin Rashid Al Maktoum City. It offers a mix of apartments, villas, townhouses, schools, hotels, retail outlets, and leisure facilities. It also features a waterfront district with luxury residences overlooking the Dubai Canal. Some of the projects within Sobha Hartland are:
- Hartland Greens: These are low-rise apartment buildings that offer studios to three-bedroom units with spacious layouts and premium finishes.
- Hartland Gardenia: These are four-bedroom townhouses that feature private gardens, rooftop terraces, maid’s rooms, and smart home systems.
- Forest Villas: These are six-bedroom villas that are surrounded by lush greenery and offer panoramic views of the skyline.
- Creek Vistas Reserve: These are high-rise apartment towers that offer one to three-bedroom units with balconies, floor-to-ceiling windows, and access to a rooftop pool and gym
2. Sobha Creek Vistas
This is a twin-tower residential project that is located in Sobha Hartland’s waterfront district. It offers one and two-bedroom apartments with views of the Dubai Creek, the Downtown skyline, and the Ras Al Khor Wildlife Sanctuary. It also provides amenities such as a swimming pool, a gym, a sauna, a steam room, and a barbecue area.
3. Sobha Creek Vistas Tower C
This is a 28-storey residential tower that is an extension of Sobha Creek Vistas. It offers one and two-bedroom apartments with balconies, smart home systems, and premium fittings. It also features amenities such as a swimming pool, a gym, a sauna, a steam room, and a barbecue area.
4. Sobha Hartland Waves
This is a waterfront residential project that consists of two low-rise buildings in Sobha Hartland. It offers one to three-bedroom apartments with balconies, smart home systems, and high-end finishes. It also boasts amenities such as a swimming pool, a gym, a sauna, a steam room, and a barbecue area.
5. Sobha Hartland Aflux
This is a high-rise residential project that is located in Sobha Hartland. It offers studios to three-bedroom apartments with balconies, smart home systems, and quality fittings. It also provides amenities such as a swimming pool, a gym, a sauna, a steam room, and a barbecue area.
6. Sobha Hartland Estate Villas
This is a collection of bespoke villas that are situated in Sobha Hartland. It offers four to six-bedroom villas with private pools, gardens, elevators, maid’s rooms, and driver’s rooms. It also features amenities such as a clubhouse, a spa, a tennis court, and a basketball court.
7. Sobha Signature Villas
This is an exclusive enclave of 12 villas that are located in Sobha Hartland’s waterfront district. It offers five-bedroom villas with private pools, gardens, elevators, maid’s rooms, driver’s rooms, and smart home systems. It also provides access to the amenities of Sobha Hartland.
8. One Park Avenue
This is a 24-storey residential tower that is located in Sobha Hartland’s green corridor. It offers one to four-bedroom apartments with balconies, smart home systems, and elegant finishes. It also features amenities such as a swimming pool, a gym, a sauna, a steam room, and a barbecue area.
9. Garden Houses
This is a cluster of townhouses that are located in Sobha Hartland’s green corridor. It offers three and four-bedroom townhouses with private gardens, maid’s rooms, and smart home systems. It also provides access to the amenities of Sobha Hartland.
10. Creek Vista Tower B
This is the second tower of Sobha Creek Vistas that is located in Sobha Hartland’s waterfront district. It offers one and two-bedroom apartments with balconies, smart home systems, and premium fittings. It also features amenities such as a swimming pool, a gym, a sauna, a steam room, and a barbecue area.
What Type Of Properties Has Sobha Properties For Sale?
Sobha Properties has various types of properties for sale in Dubai. These include:
- Apartments: These are units that range from studios to four-bedroom apartments that offer modern living spaces with views of the city or the water.
- Villas: These are standalone houses that offer spacious living spaces with private pools and gardens.
- Townhouses: These are attached houses that offer cozy living spaces with private gardens and terraces.
- Plots: These are land parcels that offer buyers the opportunity to build their own custom-designed homes.
In What Areas In Dubai Does Sobha Properties Work?
Sobha Properties works in different areas in Dubai that offer strategic locations and attractive lifestyles. Some of these areas are:
1. Mohammed Bin Rashid Al Maktoum City
This is an integrated city that is an integrated city that covers an area of 45 million square feet within Mohammed Bin Rashid City. It is designed to be a smart and sustainable urban development that offers a mix of residential, commercial, leisure, and cultural attractions. Some of the features of the city are:
- The Dubai Canal: This is a 3.2 km long waterway that connects the Arabian Gulf with the Dubai Creek. It creates a waterfront destination with hotels, restaurants, retail outlets, and promenades.
- The Meydan One: This is a mega project that will feature the world’s tallest residential tower, the largest indoor ski slope, the largest dancing fountain, and a 4 km long beach.
- The District One: This is a luxury residential community that will offer villas, mansions, and apartments with views of the Crystal Lagoon, the largest man-made lagoon in the world.
- The Sobha Hartland: This is the flagship project of Sobha Properties that will offer a range of properties in a green and serene environment.
2. Business Bay
This is a central business district that covers an area of 64 million square feet. It is located along the Dubai Creek and adjacent to the Downtown Dubai. It is designed to be a hub for trade, commerce, and finance that offers a mix of office towers, residential buildings, hotels, and retail outlets. Some of the features of Business Bay are:
- The Dubai Water Canal: This is an extension of the Dubai Canal that passes through Business Bay and creates a waterfront destination with bridges, walkways, and cycling paths.
- The Marasi Business Bay: This is a waterfront development that will feature floating homes, marinas, parks, and a 12 km long promenade.
- The Bay Square: This is a low-rise mixed-use community that will offer offices, apartments, hotels, shops, and restaurants.
- The Sobha Sapphire: This is the headquarters of Sobha Properties that will offer retail and commercial spaces.
3. Dubai Marina
This is a coastal residential district that covers an area of 50 million square feet. It is located along the Arabian Gulf and adjacent to the Palm Jumeirah. It is designed to be a vibrant and cosmopolitan urban lifestyle that offers a mix of high-rise towers, waterfront villas, hotels, and malls. Some of the features of Dubai Marina are:
- The Dubai Marina Mall: This is a shopping and entertainment destination that will offer over 140 outlets, a cinema, and a yacht club.
- The Dubai Marina Walk: This is a 7 km long pedestrian promenade that will offer cafes, restaurants, and boutiques.
- The Dubai Marina Yacht Club: This is a prestigious boating destination that will offer berths, facilities, and services for yachts and boats.
- The Cayan Tower: This is a 73-storey residential tower that will feature a twisted design and panoramic views of the marina
Frequently Asked Questions
Here are some of the frequently asked questions about Sobha Properties and their answers:
What Are The Main Sectors Sobha Properties Works With?
Sobha Properties works with various sectors in the real estate industry. These include:
– Residential: This sector involves developing and selling apartments, villas, townhouses, and plots for end-users and investors.
– Commercial: This sector involves developing and leasing office spaces, retail spaces, and hospitality spaces for businesses and organizations.
– Contracting: This sector involves providing construction services, such as design, engineering, procurement, and project management for external clients
What Awards Has Sobha Properties Won?
Sobha Properties has won several awards for its excellence in real estate development and customer satisfaction. Some of these awards are:
– Best Developer in the Middle East at the Arabian Property Awards 2020
– Best Luxury Real Estate Developer in Dubai at the Luxury Lifestyle Awards 2020
– Developer of the Year at the Construction Innovation Awards 2019
Best Real Estate Developer in Dubai at the International Property Awards 2019
In Which Markets Is Sobha Properties Active?
Sobha Properties is active in various markets across the Middle East, Asia, and Africa. Some of these markets are:
– UAE: This is the home market of Sobha Properties where it has established its reputation as a leading luxury developer in Dubai.
– Oman: This is the first international market of Sobha Properties where it has developed two projects: Sobha Dunes in Muscat and Sobha Oasis in Salalah.
– Bahrain: This is the second international market of Sobha Properties where it has developed one project: Sobha Waterfront in Manama.
– India: This is the origin market of Sobha Group where it has developed over 150 projects across 27 cities.