Sobha Realty makes JLT debut with new residential tower

Sobha Realty makes JLT debut with new residential tower

Sobha Realty, the UAE’s leading luxury real estate developer, said it has signed a major deal with DMCC, the flagship free zone and commodities trade and enterprise authority of Dubai, to develop its first project - Verde by Sobha - in the Jumeirah Lakes Towers (JLT) district.

A 59-storey luxury tower, Verde by Sobha comprises seven podiums that offers a range of units from one- to- three-bedroom apartments, with prices starting at AED2 million ($544,416) onwards.

The project also houses special amenities, including BBQ spaces, relaxation facilities, swimming pools, multipurpose halls, a gym at the podium levels, as well as F&B and retail offerings at the ground level, stated the developer.

According to Sobha Realty, the project is scheduled for completion by Q4 2026 and is estimated to generate a sales revenue of AED1.6 billion ($435 million).

Located at the heart of JLT opposite Cluster H, Verde by Sobha benefits from being located in one of Dubai’s most iconic mixed-use communities. JLT spans over 2 sq km and represents an eclectic neighbourhood that offers a diverse range of leisure, hospitality, F&B and retail amenities.

Verde by Sobha will bring an architectural marvel to the heart of JLT, further complementing the district’s luxury residential offering, remarked