Exclusive: Sobha Group plans third Dubai project

Developer Sobha Group is in advanced talks with a joint venture partner over its third residential scheme in Dubai, Arabian Businesscan reveal.

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Developer Sobha Group is in advanced talks with a joint venture partner over its third residential scheme in Dubai, Arabian Businesscan reveal.

Sobha Group, which is constructing the residential communities Sobha Hartland and Mohammed Bin Rashid Al Maktoum City – District One, is planning a third large-scale project to be unveiled next year.

The scheme is expected to pioneer a new residential subsector in Dubai that the developer has branded “affordable luxury”.

Separately, the group is planning another project elsewhere in the Middle East – expected to be located outside the GCC.

By Sarah Townsend  www.arabianbusiness.com

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