Latest news with #SobhaRealty
Arabian Business
28-05-2025
- Business
- Arabian Business
EXCLUSIVE: Dubai real estate giant Sobha Realty eyes 3 Texas cities for major U.S. expansion
Dubai-headquartered luxury property developer Sobha Realty has revealed more of its plans to expand into the United States market, with Texas cities forming the 'cornerstone' of its international growth strategy. The company, which has operated in the UAE since 2013, will focus on Dallas, Houston, and Austin for its U.S. debut. In an exclusive interview with Arabian Business, Ravi Menon — Chairman of Sobha Group — cited the cities' rapid population growth, strong economic fundamentals, and demand for luxury residential developments as key factors in the decision. UAE property giant Sobha Realty to enter $2 trillion U.S. real estate market 'Expanding into the U.S. market has always been part of Sobha Realty's long-term vision and strategic roadmap,' Menon said, citing that the U.S. real estate market sales is expected to reach a staggering $1.9-2.0 trillion by 2025 according to Goldman Sachs forecast. 'It represents one of the most robust and diverse investment landscapes globally and offers substantial potential for growth and brand positioning, exciting opportunities that we are eager to explore,' he added. The expansion comes after Sobha Realty recorded record-breaking sales in 2024. The company has not disclosed the investment amount for its U.S. operations, though Menon emphasised the market's alignment with company values. 'With a thriving demand for luxury residential properties, especially among HNWIs seeking quality and reliability, the U.S. aligns perfectly with the company's commitment to 'Art of The Detail,' craftsmanship, and exceptional living standards,' he explained. Sobha Realty plans to leverage its 'Backward Integration' model in the U.S. market, which involves in-house management of the entire development cycle from concept to completion. The approach includes internal manufacturing of components, allowing the company to maintain quality control throughout the construction process. 'This level of control allows us to ensure consistency, precision, and superior quality across every element of our projects. Very few developers in the U.S. market currently adopt this model, which means we are ready to bring something truly different and exciting to the market,' the chairman said. He further highlighted the manufacturing element as particularly significant, with what truly sets Sobha Realty apart is their in-house manufacturing. 'By manufacturing critical components internally, Sobha Realty guarantees lasting quality, resulting in developments that stand the test of time,' Menon said, adding that the model also enables faster delivery times. 'This comprehensive control not only ensures quality but also accelerates the construction timeline. This means quicker delivery and a timely handover, giving you the assurance that your Sobha home will be ready when you need it,' Menon added. In addition, Sobha Realty's competitive positioning in the U.S. market will draw on its international experience, he said. 'Sobha Realty will enter the U.S. market as a seasoned international brand with a proven track record in some of the world's most competitive real estate environments. 'The experience in the UAE, which is one of the most diverse and dynamic markets globally, has equipped Sobha Realty with deep insights into the preferences of international buyers and the ability to deliver unmatched quality on a scale,' Menon explained. U.S. 'perfect platform' for Sobha Realty's positioning as global luxury brand The company believes its integrated approach will differentiate it from competitors. 'Very few developers in the U.S. market currently adopt this model, which means we are ready to bring something truly different and exciting to the market,' Menon said. 'We firmly believe that the U.S. market is ready for a brand that combines international excellence, attention to detail, and end-to-end control in real estate development.' To boost its U.S. operations, the company will further combine global expertise with local talent. 'We will continue to harness the expertise of our globally trained teams, including our in-house pool of more than 350 architects who are dedicated to design precision and high-quality craftsmanship,' Menon said, adding that local integration remains a priority. 'At the same time, we deeply grasp the significance of local insight and community integration. As we venture into the U.S., we will actively seek local talent across various functions. This approach ensures that we don't just enter the market but become an integral part of it,' he explained. So far in the UAE, Sobha Realty has built a reputation through developments including Sobha Hartland, Menon said, attributing the company's success to multiple factors. 'Since our inception in the UAE market in 2013, Sobha Realty has consistently set benchmarks in luxury real estate. Our developments, such as Sobha Hartland, have not only transformed skylines but also redefined community living,' he said. 'This legacy of excellence has not only fostered trust and recognition among our clientele but also significantly influenced the UAE's real estate landscape, positioning us as one of the preferred developers in the region,' Menon explained, adding that the company plans to sustain momentum by aligning with government initiatives. 'Our priorities align closely with key government initiatives and policies, especially those aimed at sustainable growth, innovation, and high-quality urban development,' Menon concluded, adding that the company will 'continue to synchronise' its strategy in line with Dubai's 2040 Urban Master Plan and UAE sustainability objectives.
Trade Arabia
27-05-2025
- Business
- Trade Arabia
Sobha sets new industry standard with enhanced maternity leave
Sobha Realty, a leading luxury global real estate developer, has announced a significant enhancement to its maternity leave policy, reinforcing its commitment to employee well-being and workplace excellence. In a bold and people-first move, the company now offers 120 days of maternity leave to its female employees. Throughout this period, all other employment benefits will be fully retained. This progressive policy far exceeds the UAE Labour Law requirement of 60 days and marks a benchmark in the private real estate sector, the developer said. As of today (May 27), Sobha Realty stands out as the first developer in the UAE to provide such a comprehensive and inclusive maternity leave framework- one that supports the needs of working mothers while fostering a more equitable and compassionate workplace, it said. The announcement comes on the heels of Sobha Realty receiving the prestigious Great Place to Work certification consecutively for two years in a row, a recognition that highlights its dedication to cultivating a people-centric culture built on trust, care, and empowerment. The enhanced maternity leave reflects the company's ongoing efforts to not just meet expectations, but to exceed them in ways that are meaningful to its employees. 'At Sobha Realty, we have always believed that true excellence begins with our people,' said Ravi Menon, Chairman, Sobha Group. 'This new maternity policy is a statement of our values. It is our continued effort towards employees and to stand beside them during life's most important moments as a family. This is yet another initiative that embodies the core of who we are- driven by compassion, grounded in commitment, and focused on continuous improvement.'; added Menon. – TradeArabia News Service
Gulf Business
27-05-2025
- Business
- Gulf Business
Maternity leave: Dubai-based company offers double the days with full pay
Image credit: Getty Images Sobha Realty, a leading luxury global real estate developer, has announced a significant enhancement to its maternity leave policy, reinforcing its commitment to employee well-being and workplace excellence. In a bold, people-first move, the company now offers 120 days of maternity leave to its female employees. Throughout this period, all other employment benefits will be fully retained. This progressive policy far exceeds the UAE Labour Law requirement of 60 days and sets a new benchmark in the private real estate sector. Read- Sobha Realty now stands out as the first developer in the UAE to offer such a comprehensive and inclusive maternity leave framework—one that supports working mothers while promoting a more equitable and compassionate workplace. The announcement follows Sobha Realty receiving the prestigious Great Place to Work® certification for the second consecutive year, a recognition that highlights its dedication to cultivating a people-centric culture built on trust, care, and empowerment. The enhanced maternity leave reflects the company's ongoing efforts not just to meet expectations but to exceed them in ways that matter to its employees. 'At Sobha Realty, we have always believed that true excellence begins with our people,' said Ravi Menon, Chairman, Sobha Group. 'This new maternity policy is a statement of our values. It reflects our ongoing commitment to our employees and our desire to stand beside them during life's most important moments. This is yet another initiative that embodies the core of who we are—driven by compassion, grounded in commitment, and focused on continuous improvement,' added Mr. Menon. With this announcement, Sobha Realty continues to lead by example in shaping a workplace culture that values human connection and holistic well-being. In an era where talent retention and employee satisfaction are more critical than ever, Sobha's bold step sets a new gold standard for employer responsibility and progressive leadership in the region. Dubai-based Alpha Nero announces 70-Day paid maternity leave policy On February 27, 2024, Dubai-based retail design and production company Alpha Nero is the first SME in the region's manufacturing industry to extend statutory maternity leave, championing improved work environments for women. Women reportedly hold managerial roles—including CFO and COO positions—at the company. Alpha Nero also boasts an all-female accounts department and a female head of logistics, a department traditionally male-dominated in the Middle East. The company states that it has witnessed first-hand the impact women make in business and recognizes that being an effective, multi-tasking leader, employee, and decision-maker is not mutually exclusive with being a homemaker, carer, mother, wife, or daughter. Nestlé Dubai's maternity leave policy This policy offers 38 days more than the UAE's standard private-sector maternity leave. Maternity leave provisions in the UAE private sector Under 45 days of fully paid leave 15 days of half-paid leave She may apply for maternity leave up to 30 days before the expected delivery date. Additionally: She may take up to 45 extra days without pay if illness due to pregnancy or childbirth is certified by a medical authority. If the baby is sick or has a disability, she may take an additional 30 days of fully paid leave, extendable by another 30 days without pay (with medical certification). Upon returning to work, she is entitled to one or two daily nursing breaks (not exceeding one hour total) for six months post-delivery. These breaks are fully paid.
Emirates 24/7
27-05-2025
- Business
- Emirates 24/7
Sobha Realty Sets New Benchmark with 120-Day Maternity Leave Policy in UAE
Sobha Realty, a leading luxury global real estate developer, has announced a significant enhancement to its maternity leave policy, reinforcing its commitment to employee well-being and workplace excellence. In a bold and people-first move, the company now offers 120 days of maternity leave to its female employees. Throughout this period, all other employment benefits will be fully retained. This progressive policy far exceeds the UAE Labour Law requirement of 60 days and marks an unprecedented benchmark in the private real estate sector. As of today, Sobha Realty stands out as the first developer in the UAE to provide such a comprehensive and inclusive maternity leave framework- one that supports the needs of working mothers while fostering a more equitable and compassionate workplace. The announcement comes on the heels of Sobha Realty receiving the prestigious Great Place to Work® certification consecutively for 2 years in a row, a recognition that highlights its dedication to cultivating a people-centric culture built on trust, care, and empowerment. The enhanced maternity leave reflects the company's ongoing efforts to not just meet expectations, but to exceed them in ways that are meaningful to its employees. 'At Sobha Realty, we have always believed that true excellence begins with our people,' said Ravi Menon, Chairman, Sobha Group. 'This new maternity policy is a statement of our values. It is our continued effort towards employees and to stand beside them during life's most important moments as a family. This is yet another initiative that embodies the core of who we are- driven by compassion, grounded in commitment, and focused on continuous improvement.'; added Mr. Menon. With this announcement, Sobha Realty continues to lead by example in shaping a workplace culture that values human connection and holistic well-being. In an era where talent retention and employee satisfaction are more critical than ever, Sobha's bold step sets a new gold standard for employer responsibility and progressive leadership in the region. Follow Emirates 24|7 on Google News.
Zawya
27-05-2025
- Business
- Zawya
Sobha Realty sets a new industry standard with enhanced maternity leave policy
Dubai: Sobha Realty, a leading luxury global real estate developer, has announced a significant enhancement to its maternity leave policy, reinforcing its commitment to employee well-being and workplace excellence. In a bold and people-first move, the company now offers 120 days of maternity leave to its female employees. Throughout this period, all other employment benefits will be fully retained. This progressive policy far exceeds the UAE Labour Law requirement of 60 days and marks an unprecedented benchmark in the private real estate sector. As of today, Sobha Realty stands out as the first developer in the UAE to provide such a comprehensive and inclusive maternity leave framework- one that supports the needs of working mothers while fostering a more equitable and compassionate workplace. The announcement comes on the heels of Sobha Realty receiving the prestigious Great Place to Work® certification consecutively for 2 years in a row, a recognition that highlights its dedication to cultivating a people-centric culture built on trust, care, and empowerment. The enhanced maternity leave reflects the company's ongoing efforts to not just meet expectations, but to exceed them in ways that are meaningful to its employees. 'At Sobha Realty, we have always believed that true excellence begins with our people,' said Ravi Menon, Chairman, Sobha Group. 'This new maternity policy is a statement of our values. It is our continued effort towards employees and to stand beside them during life's most important moments as a family. This is yet another initiative that embodies the core of who we are- driven by compassion, grounded in commitment, and focused on continuous improvement.'; added Mr. Menon. With this announcement, Sobha Realty continues to lead by example in shaping a workplace culture that values human connection and holistic well-being. In an era where talent retention and employee satisfaction are more critical than ever, Sobha's bold step sets a new gold standard for employer responsibility and progressive leadership in the region. About Sobha Realty Sobha Realty is an international luxury developer committed to redefining the art of living through sustainable communities. Established in 1976 as an interior decoration firm in Oman by PNC Menon – a visionary entrepreneur – the company has grown its presence with developments and investments in the UAE, Oman, and India. For nearly five decades, Sobha Realty has been redefining the real estate value chain through 'Backward Integration' by leveraging its inherent in-house capabilities of conceptualization, design, and development. Today, the firm has developed into one of the most prominent and premium real estate developers in the UAE and aims to become a global real estate developer with its essence, the 'Art of the Detail,' remaining deeply embedded in the organization's DNA. With a proven track record of delivering projects ahead of schedule, the company has thirteen masterplans across the UAE and is continually expanding its presence in the city with a number of other prominent projects. The flagship community of Sobha Realty (Sobha Hartland) is a thriving community that is home to over 11,000 residents. Sobha Siniya Island, Sobha Realty's masterplan and its very first-ever luxury island project, features luxury villas, mansions, and resorts within a serene island setting.
