Dubai-based Sobha Realty has launched a AED 40 billion residential project in Abu Dhabi, signalling sustained confidence in the emirate’s long-term property market.
Sobha City, located in Al Bahiya near Zayed International Airport and Yas Island, will span 38 million sq ft, featuring 4,000 apartments and 2,500 villas, plus retail, schools, healthcare and a golf course. Prices start at AED 1.31 million.
Managing director Francis Alfred said demand remains strong, with local buyers already active.
While recent regional tensions briefly reduced activity by up to 25%, enquiries rebounded sharply following the ceasefire, doubling in pace.
The launch reinforces a consistent market pattern: short-term disruption may delay transactions, but long-term confidence in Abu Dhabi’s growth trajectory remains intact.
Gulf Economist Staff Writer