Sobha LLC

Last updated
Shobha Group LLC
Company type Private
IndustryReal estate
Founded1976
FounderPNC Menon
Headquarters
Dubai
,
United Arab Emirates
ServicesCommercial and residential property development
RevenueUS$1billion
Website www.sobharealty.com

Sobha Group LLC is a GCC based real estate developer headquartered in Dubai . The company was established in 1976 as an interior decoration firm in Oman by Mr P.N.C. Menon. [1] [2] [3] The company is functional in the UAE, Oman, Bahrain, and Brunei. Sobha Group LLC was a case study at Harvard Business School. [4] It recorded a sales target of US$1 billion in 2021. [5] [6] [7] [2] [8]

Contents

Key People

Mr P.N.C. Menon is the Founder and Chairman of Sobha Group LLC. P.N.C. Menon hails from Palakkad in Kerala, and established Sobha Group, a multinational real estate and construction group with diversified investments in the UAE, Oman, Bahrain, Brunei, and Tanzania. [6] [9] [10] [11]

Masterplan Communities

Sobha Hartland

Sobha Realty is currently developing Sobha Hartland, a community spread across eight million square feet launched in 2014 in the heart of Dubai, as part of the Mohammed Bin Rashid Al Maktoum City (MBR City) master development. The project, which is estimated at US$4 billion, with 2.4 million square feet of its total land area encompassing over 300 different species of plants and trees. The development also houses the Hartland International School and North London Collegiate School Dubai. [12] [13] [11]

District One

The Meydan Sobha “District One” project was launched in Phase-1 and Phase-2, with an overall value of US$8 billion. [14] [15]

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References

  1. ↑ Abbas, Waheed. "Sobha Realty sees sales climb to Dh12 billion next year". Khaleej Times.
  2. 1 2 Farooqui, Mazhar. "How Omani business partner's tips helped Sobha Realty owner tide over his misfortunes". Khaleej Times.
  3. ↑ John, Issac. "Sobha unveils 'S' tower for luxury living in Dubai". Khaleej Times.
  4. ↑ https://hbsp.harvard.edu/product/219034-PDF-ENG?Ntt=sobha%20 Harvard Business Publishing Education
  5. ↑ Rahman, Fareed (March 6, 2022). "Sobha Realty targets $1.6bn in sales this year as Dubai property market rebounds". The National.
  6. 1 2 Salian, Neesha (May 5, 2022). "Sobha Realty's Francis Alfred on the demand for luxury properties in Dubai".
  7. ↑ Release, Press. "Sobha Realty sets a 50 per cent increase in sales target for 2022". www.zawya.com.
  8. ↑ Rahman, Fareed (November 10, 2021). "Cityscape 2021: Sobha Realty to build new $4bn mega project in Dubai next year". The National.
  9. ↑ Disha Dadlani (9 June 2021). "2021 CW Power 100: Sobha's Francis Alfred is at no. 34". Construction Week. Retrieved 7 April 2023.
  10. ↑ "Pioneering Excellence". Khaleej Times.
  11. 1 2 Godinho, Varun (August 31, 2019). "UAE's Sobha Group founder and chairman: Taking the long view | UAE News".
  12. ↑ "Lifestyle Designs Par Excellence". Khaleej Times.
  13. ↑ "Dubai developer Sobha Realty seals $1b in 2021 sales". gulfnews.com.
  14. ↑ Anderson, Robert (August 16, 2017). "Developer Sobha Group plans Oman project, to expand outside real estate | UAE News".
  15. ↑ "AZCO Group marks their expansion with a full floor office in Vision Tower, Business Bay". Khaleej Times.
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