Sobha Group LLC is a
GCC based real estate developer
headquartered
Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...
in
Dubai . The company was established in 1976 as an interior decoration firm in Oman by Mr P.N.C. Menon.
The company is functional in the UAE, Oman, Bahrain, and Brunei. Sobha Group LLC was the subject of a case study at Harvard Business School. It recorded a sales target of US$1 billion in 2021.
Sobha Realty has been credited for incorporating digital transformation in the real estate sector and reinventing the value chain by utilizing its built-in conceptualization, design, and development capabilities.
The company uses a backward integrated model to ensure high standards in quality across projects.
Sobha Realty signed a charitable grant agreement with a UAE backed aid programme foundation, a pact under which they will construct a university in Dubai at a cost of 400-million UAE Dirham over the next four years. Sobha Realty and UAE’s
Mohammed bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum (; born 15 July 1949) is an Emirati politician and royal who is the current ruler of Dubai, and serves as the Vice President of the United Arab Emirates, vice president and Prime Minister of the United Arab ...
Global Initiatives (MBRGI) will also establish a 1 billion UAE Dirham endowment fund, which is intended to support the education of millions.
Key People
Mr P.N.C. Menon is the
Founder
Founder or Founders may refer to:
Places
*Founders Park, a stadium in South Carolina, formerly known as Carolina Stadium
* Founders Park, a waterside park in Islamorada, Florida
Arts, entertainment, and media
* Founders (''Star Trek''), the ali ...
and
Chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...
of Sobha Group LLC. P.N.C. Menon hails from
Palakkad
Palakkad (), Renaming of cities in India, also known as Palghat, historically known as Palakkattussery, is a city and a municipality in the States and union territories of India, Indian state of Kerala. It is the administrative headquarters of P ...
in Kerala, and established Sobha Group, a multinational real estate and construction group with diversified investments in the UAE, Oman, Bahrain, Brunei, and Tanzania.
Masterplan Communities
Sobha Hartland
Sobha Realty is currently
developingbr>
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.
District One
The Meydan Sobha “District One” project was launched in Phase-1 and Phase-2, with an overall value of US$8 billion.
References
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Real estate companies of the United Arab Emirates
Companies based in Dubai
Multinational companies headquartered in the United Arab Emirates