Sobha Realty of Dubai records $2 billion in sales during the first half of the year.

Dubai's Sobha Realty is basking in the glow of a remarkable start to the year, having achieved an outstanding sales figure of AED 7.4 billion ($2 billion) during the first half of the year.

As disclosed by the real estate developer through their released data, these sales marked a staggering 129% increase compared to the same period in the previous year.

In the duration spanning from January to June, the company witnessed a substantial 20% rise in revenues, accompanied by a commendable 19% increase in EBITDA.

A Highlight on Sobha Realty's Performance Sobha Realty took the opportunity to shed light on the flourishing state of Dubai's off-plan primary market, which observed an impressive year-on-year growth of 70%. This exceptional surge owes its momentum to the convergence of robust demand from both local and international buyers, further amplified by strategic government initiatives aimed at boosting the real estate sector.

Glimpsing into the future, Sobha Realty has astutely identified a promising pipeline comprising over 9,600 units, complemented by a substantial saleable area spanning a colossal 32 million square feet. These indicators stand as strong signals, underlining the company's commitment to fostering medium-term growth prospects for enthusiastic investors. The confluence of these factors paints an optimistic portrait of the path ahead for Sobha Realty.