Sobha Realty, a leading premium real estate developer, has announced a successful third quarter, registering a significant increase in international investors compared to the previous quarter and an uptick in investors from the GCC region, mainly India and China, Zawya reports.
The developer also witnessed a growing interest from investors in new markets, such as Canada and Nigeria, that accounted for nearly 20 % of all international buyers.
As the pandemic struck the real estate market in Q2, developers across the UAE faced a sharp decline in sales with exceptional circumstances and global lockdowns investing a low priority, stifling international travel, and reducing overseas investments, as reported by Zawya.
Moving into Q3, strict adherence to social distancing, coupled with the UAE government’s successful National Sterilization Program, and stringent measures to flatten the curve led to a decline in the number of infections. This allowed the government to readjust priorities to drive recovery measures without compromising public safety, the Dubai developer states.
Besides, the government prioritized real estate development – considering it a ‘vital sector’, and enabled work to continue uninterrupted, as long as developers strictly complied with the regulations imposed by the authorities, it adds.
Developers
Sobha Realty announces a Successful Third Quarter
Monday, 26 October 2020

Related News
-
Developers
Capital Development Establishes New Mall in NAC
Thursday, 1 April 2021
Capital Development Company has launched its first projects in the real estate market "staRs mall" in the new administrative capital for contractual sales that exceed EGP 450 mn, Invest-Gate reports.
-
Developers
Mark Development Adds an Integrated Urban Project to New Cairo
Tuesday, 30 March 2021
Mark Development launches an integrated urban project in New Cairo with investments of EGP5 bn pounds as part of the company's expansion plan in the real estate market, Invest-Gate reports.
-
Developers
The Address Aims for EGP 22 bn in Contractual Sales in 2021
Monday, 29 March 2021
The Address Investment company aims to achieve contractual sales of EGP 22 bn for the benefit of developers as part of its marketing plan in 2021, Invest-Gate reports.
-
Developers
Al Burouj Plans to Increase its Investments to EGP 9 bn
Monday, 29 March 2021
Al Burouj Egypt plans to increase its investments in the real estate market to EGP 9 bn in the next three years as part of its expansion plan, Invest-Gate reports.
Latest News
-
Upper Egypt Development Reaches EGP 83 bn in 7 Years
-
Emaar Misr Signs Contract to Develop Cairo Gate
-
Concord Expands with New Branch in New Cairo
-
Engineering Solutions Adds EGP 2 bn Business Value during 2021
Subscribe to Newsletter

Stock | Price | Change % | Volume |
EHDR | 0.69 | 2.14% | 5,537,740 |
RREI | 0.94 | -5.73% | 3,336,368 |
DAPH | 14.60 | 0.95% | 24,430 |
ELKA | 19.00 | -3.11% | 7,950 |
AREH | 15.53 | 7.53% | 7,225,333 |
Last Modified April 7, 2021
Comments
To comment on this please Login now
Be the first to comment on this