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Sobha Group is Indian based leading real estate developer in Dubai |
Sobha Group, Indian real estate group with projects in Dubai, has acquired a plot on the Sheikh Zayed Road for the development of its first hotel property in Dubai. The realty group, which announced plans to launch Sobha Hotels at Arabian Travel Market in May 2008, has plans to develop over ten 5-star properties in the next 3 years, with 2 hotels earmarked for Dubai, 6 for India and 1 each in Oman and Zanzibar.
Ajay Rajendran, Vice Chairman, Sobha Group, said, "It is our intention to have 4 hotels operational by 2011 with another 11 properties under construction. We are thrilled to have secured a prominent plot in TECOM which will afford our guests easy access to the business zones of Dubai Media and Internet Cities, as well as being in close proximity to the Mall of the Emirates and Ski Dubai".
Sobha Group will own, develop and operate all Sobha Hotels. The first Sobha Hotels property is expected to open in 2011. The real estate group has plans to develop a portfolio of 2,500 rooms.
