Sobha Realty is the real estate business of Sobha Group, whose heritage began in 1976 with P. N. C. Menon. The company develops luxury communities and residences in the UAE, with activity across Dubai, Umm Al Quwain and Abu Dhabi.

Sobha describes an integrated delivery model in which design, construction, materials manufacturing and project management are coordinated within the group. This approach is a central part of the company’s published development model.

Its current UAE portfolio includes Sobha Hartland and Hartland II in Dubai, Sobha One, Sobha Siniya, Downtown UAQ, Sobha Central and Sobha City in Abu Dhabi. In 2026, the company announced planned handovers across Dubai and new financing and technology partnerships.

GRAF currently features Sobha Elwood, Sobha Reserve, The Woods at Sobha Sanctuary and Sobha City Abu Dhabi. Consult the official project material for current availability and terms.

Luxury communities shaped through an integrated delivery model

LuxuryCommunitiesVillasApartmentsUae

Who owns Sobha Realty?

Sobha Realty is a private company. Its parent is PNC Investments LLC, named as the parent in the Moody's rating action that Sobha Realty published on its own newsroom in April 2025. No shareholding percentages are disclosed in any public filing read for this page. P. N. C. Menon founded the business in 1976 and the company prints his title as Founder of Sobha Group. His son Ravi Menon is Chairman. The company's equity is not listed on any exchange, but its debt is. Three sukuk are outstanding, listed on the London Stock Exchange and Nasdaq Dubai, and they are the reason audited statements and investor updates are published twice a year.

Source: Moody's Ratings upgrades PNC Investments LLC (Sobha Realty) CFR to Ba2, 22 April 2025 · Sobha Realty — Investor Update H1 FY26, August 2026 · Sobha Realty — investor relations

Track record

Buildings that made the name

  1. 01 Sobha Hartland Launched in Mohammed Bin Rashid Al Maktoum City; about 8 million sq ft of apartments, villas and townhouses. 2014 completed
  2. 02 Sobha Realty metro station RTA granted Sobha Realty the naming right to Dubai Marina metro station on 9 August 2021. 2021 completed
  3. 03 Sobha Realty Training Centre Arsenal renamed its London Colney training ground on 2 February 2024, and Sobha Realty became a Principal Partner of the club. 2024 completed
  4. 04 Sobha Siniya Island Partnership agreement with Umm Al Quwain Properties signed on 15 July 2024 before the Crown Prince of Umm Al Quwain. 2024 completed
  5. 05 USD 750 million green sukuk Issued in September 2025, 2.8 times oversubscribed at about USD 2.1bn, listed on the London Stock Exchange and Nasdaq Dubai. 2025 completed
  6. 06 Sobha Sanctuary Launched in January 2026 off Al Ain Road at 37.5 million sq ft and a stated AED 50bn, the largest single project in the company's history. 2026 completed
  7. 07 Sobha City, Abu Dhabi Launched on 11 April 2026 in Al Bahiya at 38 million sq ft and a stated AED 40bn, the company's first Abu Dhabi masterplan. 2026 completed

Sobha track record: delivered and under construction

Units delivered in the first half of 2026
1,300+
Sobha Realty, as at 30 June 2026
Units scheduled for handover in the second half of 2026
5,400+
Sobha Realty, H1 FY26 Investor Update
2026 Dubai handover programme
6,819 units, about AED 21.6bn
Company announcement, 20 July 2026
Units completed during 2025
About 3,000
About 2,000 delivered, about 1,000 awaiting the completion certificate
Total project pipeline
41,500+ units
Sobha Realty, as at 30 June 2026
UAE portfolio area
About 41 million sq ft saleable
Dubai and Umm Al Quwain, as at 31 December 2025

Figures are Sobha Realty's own, from the H1 FY26 Investor Update as at 30 June 2026 and the FY 2025 Investor Update as at 31 December 2025.Delivered units and pipeline units are separate counts and are not added together. Sobha Realty publishes no lifetime delivered total.

Project Area Type Status Date
Crest Grande Sobha Hartland, MBR City 985 apartments in three towers Delivered Completion certificate 25 March 2026
Waves Opulence Sobha Hartland waterfront district 363 apartments Delivered Handover Q2 2026, 100% complete
Creek Vista Heights Sobha Hartland, MBR City 1,354 apartments Handover under way, 92% complete Q3 2026
Sobha One Sobha Hartland, MBR City 3,057 apartments Under construction, 85% complete Q4 2026
Verde by Sobha Jumeirah Lake Towers 610 apartments Under construction, 80% complete Q4 2026
Sobha Reserve Wadi Al Safa 2, Dubailand 348 villas Under construction, 81% complete Q4 2026
Sobha Estates I Sobha Hartland II, MBR City 52 villas Under construction, 80% complete Q4 2026
Sobha Sanctuary Al Yufrah, off Al Ain Road 37.5 million sq ft masterplan, about 20,000 homes Launched, first handovers stated for Q3 2029 January 2026
Sobha City Al Bahiya, Abu Dhabi 38 million sq ft masterplan, about 6,500 homes Launched, phase one handover stated for Q4 2029 11 April 2026

Source: Sobha Realty — Investor Update H1 FY26 · checked 20 August 2026

What Sobha is known for

2026 handover programme
6,819 Dubai homes, about AED 21.6bn
Delivered in the first half of 2026
1,300+ units, with 5,400+ scheduled for the second half
Revenue backlog at 30 June 2026
About AED 29bn against a pipeline of 41,500+ units
Builds with its own hands
450+ in-house architects and designers, own workforce of 55,000+
Rated by two agencies
Moody's Ba2 stable since April 2025, S&P BB stable affirmed September 2025
Green sukuk raised September 2025
USD 750m, 2.8x oversubscribed, listed in London and on Nasdaq Dubai

Figures come from Sobha Realty's own investor updates for FY 2025 and H1 FY26.Delivered units and pipeline units are reported separately and are not added together.

Financials, H1 FY26, six months to 30 June 2026

Sales
AED 8.1bn
Revenue
AED 6.6bn
EBITDA
AED 2.2bn
Net profit
AED 1.8bn
Revenue backlog at 30 June 2026
About AED 29bn
Credit ratings
Moody's Ba2 stable, S&P BB stable

Source: Sobha Realty, Investor Update H1 FY26, August 2026

Our growth across the UAE and expansion into global markets reflect a vision that has remained constant since our inception: to create developments that stand the test of time.
Ravi Menon Chairman, Sobha Group Sobha Realty, 22 January 2026

Where Sobha builds

Sobha Elwood, Al Yufrah 1, DubailandSobha Reserve, Wadi Al Safa 2, DubailandThe Woods at Sobha SanctuarySobha City, Al Bahiya, Abu DhabiDubailandVillas

Current projects via GRAF

Sobha Elwood — Al Yufrah 1, Dubailand

Sobha Elwood

Al Yufrah 1, Dubailand

From See current availability

View project →
Sobha Reserve — Wadi Al Safa 2, Dubailand

Sobha Reserve

Wadi Al Safa 2, Dubailand

From See current availability

View project →
The Woods at Sobha Sanctuary — Sobha Sanctuary, Dubai

The Woods at Sobha Sanctuary

Sobha Sanctuary, Dubai

From See current availability

View project →
The S — Hartland 2, MBR City

The S

Hartland 2, MBR City

From See current availability

View project →
Sobha City Abu Dhabi — Al Bahiya, Abu Dhabi

Sobha City Abu Dhabi

Al Bahiya, Abu Dhabi

From See current availability

View project →

How Sobha differs from other Dubai developers

Sobha Realty keeps its shares private and its debt public. Three listed sukuk oblige it to publish audited accounts and a per-project handover table twice a year, which is more than most private Dubai developers put on paper.

Private equity, listed debt
No shares trade on any exchange, but three sukuk are listed on the London Stock Exchange and Nasdaq Dubai, so audited statements and investor updates are published twice a year.
Two rating agencies cover it
Moody's rates the parent, PNC Investments LLC, at Ba2 stable. S&P rates it BB stable.
It builds what it designs
Design, engineering, materials manufacturing, construction and interiors sit inside the group, with 450+ in-house architects and an own workforce of 55,000+.
The handover schedule is published per project
The H1 FY26 investor update lists each 2026 project with its unit count, sold percentage and completion percentage.
It builds in three emirates
Dubai since 2003, Umm Al Quwain since the Al Siniya Island agreement of July 2024, Abu Dhabi since Sobha City launched in April 2026.
Its name is on the Dubai Metro
RTA renamed Dubai Marina station Sobha Realty station in August 2021.
Why GRAF recommends Sobha

Sobha Realty publishes a per-project handover table twice a year, so a buyer can check the completion percentage of the exact tower or villa cluster named in the contract rather than the developer's overall record.

What the record shows
  1. Completion is stated project by projectAt 30 June 2026 Crest Grande and Waves Opulence stood at 100% complete, Creek Vista Heights at 92%, Sobha One at 85%, Sobha Reserve at 81%, Verde by Sobha and Sobha Estates I at 80%.
  2. The 2026 programme is the largest so far6,819 Dubai homes worth about AED 21.6bn, of which 1,300+ were handed over in the first half of the year.
  3. Contracted work is disclosedAbout AED 29bn of revenue backlog at 30 June 2026, against a pipeline of 41,500+ units.
What to check before signing
  1. The completion percentage of your own projectThe investor update gives it per project and it is restated every six months. Read the current one rather than an older summary.
  2. Which emirate and which regulatorDubai projects sit under RERA escrow rules; Umm Al Quwain and Abu Dhabi projects do not. Confirm which authority registers the sale.
  3. Payment plan and handover quarter of the specific releaseTerms differ by tower and by launch. Confirm them against the current price list for that project.

GRAF editorial team

Sobha — frequently asked questions

Who owns Sobha Realty?

Sobha Realty is private. Its parent company is PNC Investments LLC, named in the Moody's rating action that Sobha Realty published in April 2025. Shareholding percentages are not disclosed publicly. P. N. C. Menon is Founder of Sobha Group and his son Ravi Menon is Chairman.

Source: Moody's rating action published by Sobha Realty, 22 April 2025

When was Sobha Realty founded?

P. N. C. Menon started the business in Oman in 1976 as an interiors and contracting firm, and that is the group's heritage date. Sobha Developers was established in India in 1995. Sobha Realty's own About page states that the company expanded to Dubai in 2003.

Source: Sobha Realty — About

How many homes is Sobha Realty handing over in 2026?

6,819 homes across Dubai, worth about AED 21.6 billion. They sit in five projects, Sobha Hartland, Sobha Hartland II, Sobha Reserve, Sobha One and Verde by Sobha. 1,300+ were delivered in the first half of the year and 5,400+ are scheduled for the second half.

Source: Khaleej Times, 21 July 2026

Is Sobha Realty a listed company?

Its shares are not listed. Its debt is. Three sukuk are outstanding, USD 500 million maturing July 2028, USD 500 million maturing February 2029 and USD 750 million maturing September 2030, listed on the London Stock Exchange and Nasdaq Dubai. Because of them the company publishes audited statements and half-year investor updates.

Source: Sobha Realty — Investor Update H1 FY26

What does backward integration mean at Sobha Realty?

The group performs the work itself instead of subcontracting it. Design, engineering, materials manufacturing, construction, interiors and post-handover services sit inside the company. The FY 2025 investor update states 450+ in-house architects and designers at PNC Architects in Dubai and an own workforce of 55,000+.

Source: Sobha Realty — Investor Update FY 2025

Where does Sobha Realty build?

Dubai since 2003, mainly at Sobha Hartland and Hartland II in Mohammed Bin Rashid City, at Sobha Reserve and Sobha Elwood in Dubailand, at Sobha Central on Sheikh Zayed Road and at Verde in Jumeirah Lake Towers. Umm Al Quwain since the Al Siniya Island agreement of July 2024. Abu Dhabi since Sobha City launched in Al Bahiya in April 2026.

Source: The National, 13 April 2026

What is Sobha Sanctuary?

A masterplan launched in January 2026 off Al Ain Road, next to Sobha Elwood. It covers 37.5 million square feet, carries a stated value of AED 50 billion and is planned for about 20,000 homes. The company states first handovers from the third quarter of 2029 and prices from AED 3.99 million.

Source: Gulf News, 26 January 2026

Sobha in the news

Sobha Realty announces delivery record with 6,819 units set for handover in 2026
Off-plan launches Jul 21, 2026

Sobha Realty announces delivery record with 6,819 units set for handover in 2026

Read →
Sobha Realty launches $24bln UAE mega communities amid expansion drive
UAE Real Estate Jun 1, 2026

Sobha Realty launches $24bln UAE mega communities amid expansion drive

Read →
Sobha Realty Launches ‘Sobha Solis’ in Motor City to Meet Rising Demand for Athletic-Focused Living
PropertyNews.ae May 15, 2026

Sobha Realty Launches ‘Sobha Solis’ in Motor City to Meet Rising Demand for Athletic-Focused Living

Read →
Drone deliveries to become ‘key part’ of Dubai residential communities, says Sobha Realty – EXCLUSIVE
Dubai Real Estate Jun 12, 2026

Drone deliveries to become ‘key part’ of Dubai residential communities, says Sobha Realty – EXCLUSIVE

Read →

Guides that cover this developer

Luxury Developers in Dubai: Ultra-Premium Projects & Investment Returns
Luxury 9 min read

Luxury Developers in Dubai: Ultra-Premium Projects & Investment Returns

The five highest-priced residential projects GRAF sells — Palm Jebel Ali, Solaya, Sobha Elwood, The Oasis and The Edition — with the real entry price, the real payment plan and the real handover date on each.

Read
Top Dubai Real Estate Developers in 2026: A Complete Guide
Developers 11 min read

Top Dubai Real Estate Developers in 2026: A Complete Guide

Emaar, Meraas, Aldar, Sobha and Dubai South Properties — the five developers with the most projects GRAF sells, what each one actually does differently, and the real prices and handover dates behind them.

Read
Top 5 Off-Plan Villa Communities in Dubailand You Can Still Buy in 2026
Investment Guide 7 min read

Top 5 Off-Plan Villa Communities in Dubailand You Can Still Buy in 2026

Five Dubailand villa communities where a buyer can still get in — The Acres, Haven, Athlon, The Wilds and Sobha Elwood — with real prices and honest timelines.

Read
Dubai Off-Plan Investment Guide 2026: Areas, Payment Plans & ROI
Investment Guide 12 min read

Dubai Off-Plan Investment Guide 2026: Areas, Payment Plans & ROI

The five decisions that actually determine what an off-plan purchase in Dubai returns — payment structure, who funds the amenity, the handover date, district supply and the exit — each shown against a real project.

Read
Official sources
Official websiteSobha Realty — official siteSobha Realty — investor relationsSobha LLC — WikipediaSobha LLC — Wikidata (Q116178962)Sobha Realty — LinkedIn
About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 20 August 2026. Contact us

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