Sobha LLC

{{Short description|Real estate developer}}

{{Orphan|date=August 2023}}

{{Infobox company

| name = Shobha Group LLC

| logo =

| logo_size = 100px

| image =

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| trading_name =

| type = Private

| traded_as =

| industry = Real estate

| predecessor =

| foundation = 1976

| founder = PNC Menon

| location_city = Dubai

| location_country = United Arab Emirates

| area_served =

| key_people =

| services = Commercial and residential property development

| revenue = US$1billion

| owner =

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| homepage = {{URL| https://www.sobharealty.com/}}

}}

Sobha Group LLC is a GCC based real estate developer headquartered in Dubai . The company was established in 1976 as an interior decoration firm in Oman by Mr P.N.C. Menon.{{Cite web|url=https://www.khaleejtimes.com/business/sobha-realty-sees-sales-climb-to-dh12-billion-next-year|title=Sobha Realty sees sales climb to Dh12 billion next year|first=Waheed|last=Abbas|website=Khaleej Times}}{{Cite web|url=https://www.khaleejtimes.com/property/how-omani-business-partners-tips-helped-sobha-realty-owner-tide-over-his-misfortunes|title=How Omani business partner's tips helped Sobha Realty owner tide over his misfortunes|first=Mazhar|last=Farooqui|website=Khaleej Times}}{{Cite web|url=https://www.khaleejtimes.com/business/sobha-unveils-s-tower-for-luxury-living-in-dubai|title=Sobha unveils 'S' tower for luxury living in Dubai|first=Issac|last=John|website=Khaleej Times}} 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.[https://hbsp.harvard.edu/product/219034-PDF-ENG?Ntt=sobha%20 Sobha Group Real Estate: Backward Integration for Quality] Harvard Business Publishing Education It recorded a sales target of US$1 billion in 2021.{{Cite web|url=https://www.thenationalnews.com/business/property/2022/03/06/sobha-realty-targets-16bn-in-sales-this-year-as-dubai-property-market-rebounds/|title=Sobha Realty targets $1.6bn in sales this year as Dubai property market rebounds|first=Fareed|last=Rahman|date=March 6, 2022|website=The National}}{{Cite web|url=https://gulfbusiness.com/sobha-realtys-francis-alfred-on-the-demand-for-luxury-properties-in-dubai/,%20https://gulfbusiness.com/sobha-realtys-francis-alfred-on-the-demand-for-luxury-properties-in-dubai/|title=Sobha Realty's Francis Alfred on the demand for luxury properties in Dubai|first=Neesha|last=Salian|date=May 5, 2022}}{{Cite web|url=https://www.zawya.com/en/press-release/companies-news/sobha-realty-sets-a-50-per-cent-increase-in-sales-target-for-2022-ntlz6r53|title=Sobha Realty sets a 50 per cent increase in sales target for 2022|first=Press|last=Release|website=www.zawya.com}}

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.{{Cite web|url=https://www.ibtimes.co.in/uae-property-developer-sobha-plans-initial-public-offering-804435|title=UAE property developer Sobha plans initial public offering|first=James|last=Emmanuel|date=August 29, 2019|website=www.ibtimes.co.in}}

The company uses a backward integrated model to ensure high standards in quality across projects.{{Cite web|url=https://www.thenationalnews.com/business/property/2021/11/10/cityscape-2021-sobha-realty-to-build-new-4bn-mega-project-in-dubai-next-year/|title=Cityscape 2021: Sobha Realty to build new $4bn mega project in Dubai next year|first=Fareed|last=Rahman|date=November 10, 2021|website=The National}}

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 Global Initiatives (MBRGI) will also establish a 1 billion UAE Dirham endowment fund, which is intended to support the education of millions.{{Cite web |last=Chatterjee |first=Aneeka |date=March 19, 2024 |title=Sobha Realty ties up with UAE's MBRGI, to build university in Dubai |url=https://www.business-standard.com/companies/news/mbrgi-sobha-signs-pact-to-establish-aed400-mn-funded-university-in-dubai-124031900671_1.html |access-date=2024-08-28 |website=business-standard.com}}{{Cite web|url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/sobha-group-to-set-up-rs-900-crore-endowment-university-in-dubai/articleshow/108625396.cms?from=mdr|title=Sobha Group to set up Rs 900-crore endowment university in Dubai|date=March 20, 2024|via=The Economic Times - The Times of India}}{{Cite web|url=https://www.financialexpress.com/business/investing-abroad-sobha-realty-to-build-university-in-dubai-3430848/|title=Sobha Realty to build university in Dubai|date=March 20, 2024}}{{Cite web|url=https://timesofindia.indiatimes.com/india/sobha-group-signs-charitable-agreement-for-endowment-university-in-dubai/articleshow/108733031.cms|title=Sobha Group signs charitable agreement for endowment university in Dubai|date=April 4, 2024|via=The Economic Times - The Times of India}}