Making its foray into the Dubai real estate market, Sobha Realty has struck a deal with DMCC, Dubai’s flagship free zone and commodities trade and enterprise body to develop a residential tower at Jumeirah Lake Towers (JLT), Dubai. Verde by Sobha Realty will be 59-story luxury tower with seven podiums situated in Cluster H, JLT. It will offer a variety of one- to three-bedroom apartments with prices starting at AED2 million ($544,416). The project is scheduled to be completed in Q4 2026.
Making its foray into the Dubai real estate market, Sobha Realty has struck a deal with DMCC, Dubai’s flagship free zone and commodities trade and enterprise body to develop a residential tower at Jumeirah Lake Towers (JLT), Dubai. The building has been christened Verde by Sobha Realty and will be 59-story luxury tower with seven podiums that has a variety of one- to three-bedroom apartments with prices starting at AED2 million ($544,416).
The building is designed to have unique amenities like a BBQ area, leisure areas, swimming pools, multipurpose rooms, a gym, and F&B and retail options on the ground floor. The project is expected to be finished by the fourth quarter of the year 2026. The company estimates that the project is likely to bring in AED1.6 billion ($435 million) in sales income.
Verde by Sobha will be built in the centre of JLT, directly across from Cluster H. The property will have expansive views of the Jumeirah Island and Emirates Hills villa complexes on one side and the Emirates golf course on the other, and is situated within a short distance from other exclusive areas. The project also offers easy access to Sheikh Zayed Road and is close to two metro stations.
Jumeirah Lake Towers (JLT) is a large mixed-use development located in Dubai, United Arab Emirates. It consists of 80 towers that are arranged in 26 clusters, each named after a letter of the English alphabet from A to Z. The development is situated around four man-made lakes and includes residential, commercial, and retail spaces. It was designed to be a self-contained community, with amenities such as parks, jogging tracks, fitness centres, and restaurants.
Jumeirah Lake Towers is known for its high-rise buildings, many of which offer views of the surrounding lakes and Dubai skyline. The area is popular among expatriates and professionals due to its convenient location near Dubai's major business districts, as well as its easy access to public transportation and major highways. In addition to its residential and commercial offerings, Jumeirah Lake Towers also features several prominent landmarks, including the Almas Tower, which is the tallest commercial tower in the Middle East, and the Dubai Arch, a large monument located at the entrance of the development.
Sobha Realty is a real estate development company based in Dubai, United Arab Emirates. The company was founded in 1976 by PNC Menon, a successful entrepreneur from India, and has since then expanded its operations globally. Sobha Realty specializes in developing luxurious residential and commercial properties in some of Dubai's most desirable locations.
The company's portfolio includes a range of high-end residential properties such as villas, apartments, and townhouses. Some of its most notable projects include Sobha Hartland, Sobha Creek Vistas, Sobha Sapphire, and Sobha Daffodil.
Sobha Realty has won numerous awards for its exceptional work in the real estate industry. In 2021, the company was named the Best Real Estate Developer in the Middle East by the International Property Awards. It has also been recognized for its sustainability efforts, including the use of green building practices and energy-efficient technology in its properties.
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