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
