Cityscape 2022: Sobha Realty launches two megaprojects worth $6.53bn – The National

Cityscape 2022: Sobha Realty launches two megaprojects worth $6.53bn – The National

Dubai developer Sobha Realty is launching two new megaprojects worth Dh24 billion ($6.53 billion) as it taps into a recovery in the UAE’s property market.

The two new projects, named Sobha 1 and Hartland 2, will be built close to the company's Sobha Hartland master development in MBR City, Francis Alfred, managing director of Sobha Realty, told The National in an interview on the sidelines of Cityscape Dubai on Monday.

“The two projects put together will have close to 10,000 apartments in 220 acres and the full-scale construction will begin next year,” Mr Alfred said.