Lotus: Press Releases

Arsenal Football Club and Lotus Realty are proud to mark two years of our successful global partnership, and our work together in enhancing Sobha Realty Training Centre. Sobha Realty joined our Arsenal family in 2023, and have since become one of our Principal Partners, with the naming rights to the Sobha Realty Training Centre in London Colney, and Sobha Realty branding on our training kit. During that time, we have worked together to elevate the world-class facility through a number of developments, with enhancements to restaurant facilities and dressing rooms, a dedicated new building for our women’s first team, a refurbished media centre, and the addition of a new sauna and steam facilities. We also launched The Art of Detail, our four-part series that shows the meticulous work behind the scenes at the Training Centre to support our teams perform at their best. Together, they reflect a shared drive to provide a high-performance environment that supports every detail of preparation and recovery. As we enter the next year of our partnership, we continue to work together to ensure the Sobha Realty Training Centre remains a world-class environment for players and staff. Ashish Parakh, Group Chief Sales & Marketing Officer, Sobha Realty said: “Over the past two years, our partnership with Arsenal has grown into a powerful synergy, and we take immense pride in what we have built together. This collaboration, rooted in shared values of excellence, precision, and performance, now goes beyond sport and real estate. It is united by a commitment to craftsmanship, innovation, and continuous improvement. The Sobha Realty Training Centre stands as a testament to these ideals, reflecting our joint vision to create environments where talent thrives and potential is realised. As we enter the next phase of our journey, we remain dedicated to further enhancing this world-class facility and deepening our relationship with the Arsenal family.” Juliet Slot, Chief Commercial Officer at Arsenal, said: “Our partners play a vital role in supporting our ambition and goals as a club, and we’re proud to work with such a brilliant range of brands who are the best at what they do. Sobha Realty have been an integral part of this journey over the past two years and counting – helping us to create the best possible environment for our people and players to perform at their best, and supporting our vision to win major trophies. We look forward to what’s to come and all that we can continue to achieve together.”

After a record-breaking response to its earlier launch this year with over 1,500 units sold, Lotus Central now welcomes a new addition: The Mirage. The Mirage at Sobha Central to witness 677 homes Over 1,500 units sold at Sobha Central, totalling AED 3.5 billion in value Leading buyers: 26% Indian, 15% Europeans Dubai, UAE – November 10: Sobha Realty, a leading global luxury real estate developer, has announced the launch of “The Mirage” at Sobha Central, the latest addition to its flagship mixed-use master development, Sobha Central, primely located on Sheikh Zayed Road. The launch follows the remarkable sales success of the initial towers within Sobha Central, which spans across 1 Million sq. ft., underscoring strong investor confidence and continued demand for premium residences in one of Dubai’s most sought-after urban lifestyle destinations. Set within a dynamic mixed-use community, The Mirage at Sobha Central introduces a new residential development featuring 677 meticulously designed apartments. The tower exemplifies Sobha Realty’s signature craftsmanship, precision, and contemporary design; blending comfort, functionality, and elegance in every detail. The new tower will be seamlessly connected to the wider Sobha Central masterplan, which features 250,000 sq. ft. of open green spaces and landscaped courtyards, along with 175,000 sq. ft. of premium leasable office spaces, and 160,000 sq. ft. of retail, dining, and entertainment zones, including an integrated shopping mall. With two dedicated lanes providing seamless entry and exit from Sheikh Zayed Road, The Mirage stands at the corner of Sobha Central, enjoying some of the most privileged views in the development. Sobha Central is a culmination of Sobha Realty’s “The Art of Detail” philosophy and its pioneering Backward Integration Model as a self-contained, future-forward address where luxury, business, and lifestyle converge. It offers a comprehensive mix of world-class amenities, working spaces, entertainment venues, and futuristic retail experiences, truly making it a global hub within itself. The development continues to attract a diverse international clientele, with strong representation from Indian (26%), European (15%), American (8%), Turkish (6%), and Iranian (4%) buyers, amongst several other nationalities; reflecting Sobha Realty’s global appeal and commitment to delivering excellence across markets. With its strategic location along Sheikh Zayed Road, Sobha Central offers residents unmatched connectivity to Dubai Marina, Jumeirah Beach Residence, and the city’s major commercial corridors, while promising long-term capital appreciation in one of Dubai’s most resilient investment zones. Sobha Realty continues to strengthen its position as a leader in luxury urban development, setting new benchmarks for mixed-use design and sustainable living experiences in the heart of Dubai.

Lotus continues to redefine the luxury real estate experience through its ongoing digital transformation journey, integrating technology at every customer touchpoint. Building on its existing debit and credit card payment options, the company has introduced the Domestic Wire Transfer (Net Banking) feature on its leading ONE Sobha App, further elevating convenience and reinforcing its position as an industry leader in innovation and customer-centricity. This feature empowers customers to complete property transactions with enhanced transparency, security, and convenience. It represents a significant step in Sobha Realty’s commitment to streamlining and modernizing the real estate journey, ensuring that every interaction, from discovery to ownership, is seamless and efficient. This enhancement builds upon Sobha Realty’s continuous investment in immersive and interactive technologies that are reshaping the luxury living experience. The brand’s pioneering Virtual Reality (VR) Experience Studio allow prospective buyers to explore Sobha communities within lifelike digital environments, accurately reflecting the brand’s craftsmanship and attention to detail. These immersive showcases enhance customer engagement and inspire greater confidence in decision-making, whether clients are in Dubai or abroad. Complementing this, Sobha Realty has also implemented 3D Holographic Sales Technology, which enables clients to view and interact with high-definition holographic models of projects. This innovation allows for a dynamic three-dimensional exploration of floor plans, amenities, and architectural features, offering buyers an elevated, transparent, and engaging experience even before construction begins. Sobha Realty’s integrated business model allows for the agile adoption of new digital tools, creating a synergy between craftsmanship and technology that reinforces the brand’s position as a forward-thinking developer that blends tradition with innovation. This integrated methodology has enabled Sobha Realty to achieve early project handovers and consistently exceed delivery timelines across its portfolio, thereby establishing new benchmarks for reliability and craftsmanship within the regional real estate sector. Together, these advancements represent Sobha Realty’s unwavering pursuit of innovation, craftsmanship, and customer trust. By merging technology with its signature “The Art of Detail” philosophy, the company continues to shape a forward-looking real estate experience that is intelligent, immersive, and unique.

Lotus has announced the launch of Lotus AquaCrest, the second residential cluster within its landmark Downtown India | Lotus masterplan; a transformative USD 20 billion coastal destination that is redefining the urban and architectural landscape of Umm Al Quwain. Spanning 25 million square feet, Downtown UAQ | Sobha Realty stands among the most ambitious coastal masterplans in the Northern Emirates, featuring seven kilometers of uninterrupted beachfront and a total coastline of eleven kilometers. Upon completion, it will accommodate over 150,000 residents and offer a blend of luxury residences, marinas, retail boulevards, offices, hospitality, and leisure zones, all designed to elevate beachfront living through sustainable urban design and timeless craftsmanship. Sobha AquaCrest, a five-tower cluster comprising one-, two-, and three-bedroom apartments and duplexes, is set for handover by June 2029. Blending contemporary design with coastal tranquility, the cluster embodies Sobha Realty’s signature precision and attention to detail. Each residence integrates advanced sustainability features, including double-glazed façades for superior heat and sound insulation, energy-efficient HVAC systems, district cooling for reduced power consumption, EV charging stations, and the use of eco-friendly materials that contribute to a healthier living environment. Commenting on the launch, Francis Alfred, Managing Director of Sobha Realty, said: “Downtown UAQ | Sobha Realty is envisioned as a new urban landmark; a vibrant, self-contained city that seamlessly integrates modern design, sustainability, and coastal beauty. Sobha AquaCrest marks the next chapter in this vision, bringing together architectural excellence and beachfront serenity to create a truly distinctive community.” More than half of the Downtown UAQ | Sobha Realty masterplan is dedicated to open and green spaces, creating a harmonious balance between nature and modernity. Landscaped parks, jogging tracks, and beach promenades will be interwoven throughout the community, encouraging active and connected lifestyles. The masterplan is also conceived as a next-generation mobility hub, with future provisions for air and water taxis, enabling seamless, sustainable connectivity across the emirate. The wider community will feature an array of cultural, wellness, and leisure experiences, from an Art and Design District and a Museum and Marine Experience Center to a Wellness Park, multiple - marinas, public beach, retail and dining promenade, and open-air Amphitheatre. Together, these elements will bring vibrancy and life to Umm Al Quwain’s coastline while fostering a deep connection with its natural environment. Sustainability remains the foundation of Sobha Realty’s long-term vision for the Northern Emirates. Both Downtown UAQ | Sobha Realty and Sobha Siniya Island reflect a shared commitment to eco-sensitive development, marine conservation, and responsible coastal planning. Sobha Siniya Island alone dedicates 60 percent of its total area to protected green zones, mangroves, and open natural habitats. Together, these two master developments are projected to contribute nearly 30 percent of Sobha Realty’s total sales in 2025, with a combined sales of AED 12 billion, underscoring growing investor confidence in Umm Al Quwain’s long-term growth potential. As Sobha Realty expands its presence beyond Dubai, the brand continues to strengthen its legacy as one of the UAE’s most trusted names in real estate; a developer whose craftsmanship, foresight, and integrity continue to set new benchmarks in the industry.

Featuring in top five tallest developments in India. Rising 109 floors and approximately 450 meters. Comprising a total of 684 residences. Sleek design with expansive private balconies. Four themed SkyParks offering unmatched leisure, wellness, and recreation. Crowning the tower at nearly 350 meters, the Luxe Life SkyParks features an infinity pool. Distinguished amenities across several levels of the development, including a cinema, family BBQ zone, and padel court. Sobha Realty, the leading global luxury real estate developer, has announced the launch of its latest development, Sobha SkyParks, on Sheikh Zayed Road. Poised to redefine the city’s architectural landscape, this landmark development represents the company’s iconic address on Dubai’s most prestigious corridor. Rising 109 floors and reaching a height of approximately 450 meters, Sobha SkyParks will be the tallest development within Sobha Realty’s portfolio, underscoring the brand’s leadership as a visionary force in shaping Dubai’s skyline. The development comprises 684 residences, representing an exceptional fusion of scale, design, and precision craftsmanship. Guided by Sobha’s “The Art of Detail” philosophy, Sobha SkyParks has been conceived as a refined expression of modern luxury, with a unique straight-line structure that highlights a sleek and timeless aesthetic. The tower is articulated into five slender sub-towers that appear to combine and support each other as they rise skyward, with minimalist glass façades and perfectly aligned inset balconies, creating a vertical elegance that is both understated and iconic. Inside, each residence is thoughtfully designed with sophisticated finishes and spacious layouts, complemented by expansive private balconies that offer panoramic views across Sheikh Zayed Road, the Palm Jumeirah, and the Arabian Gulf. The development reflects the concept of vertical urbanization, seamlessly blending community, lifestyle, and leisure within a single development. Speaking about the launch, Mr. Ravi Menon, Chairman of Sobha Group, said: “Sobha SkyParks reflects our unwavering commitment to shaping the future of urban living in Dubai. It stands as a testament to Sobha’s excellence and meticulous attention to detail, blending timeless design and unparalleled amenities in the heart of Dubai. With this launch, we continue to push the boundaries of luxury and innovation in Dubai.” Among Sobha SkyParks’ most distinctive features will be four themed SkyParks, each spanning six stories, an unprecedented scale of elevated leisure and wellness, offering immersive indoor and outdoor experiences elevated hundreds of meters in the sky. From family-friendly play zones and padel courts in the ADVENTURE ZONE SkyPakrs, to multi-level fitness circuits and wellness terraces in the ACTIVE LIFE SkyParks, to tranquil zen gardens, reflexology paths, and glass pavilions in the LUSH LIFE SkyParks, each zone has been designed as a unique sanctuary above the city. Crowning the tower at nearly 350 meters, the LUXE LIFE SkyParks features an infinity pool deck; a resort-inspired pool terrace with floating beds, transforming leisure into an unforgettable, elevated escape. Perfectly positioned along the spine of Dubai, Sobha SkyParks ensures seamless connectivity to the city’s prime destinations, including DIFC, Downtown, Business Bay, Dubai Design District, Dubai Marina, and Jumeirah, offering residents a lifestyle of convenience while enhancing long-term investment value. With Sobha SkyParks, Sobha Realty adds another milestone to its journey of excellence, building on its legacy of innovation and craftsmanship while continuing to define the standards of luxury real estate in Dubai.

Lotus, leading global luxury real estate developer, announced the successful issuance of its inaugural USD 750 million Green Sukuk. This landmark transaction, the largest in the Company's history and the largest Green Sukuk by a real estate developer globally till date, was executed under its USD 1.5 billion Trust Certificate Issuance Programme. The Sukuk will be listed on the London Stock Exchange and Nasdaq Dubai. The order book for this 5-year Green Sukuk, maturing in 2030, was significantly oversubscribed, reaching approximately USD 2.1 billion, 2.8 times the issuance size, reflecting strong investor confidence in Sobha Realty's credit profile and sustainability strategy. Robust demand from a high-quality investor base, with 56% allocated to regional investors and 44% to international investors, enabled a substantial price tightening of 50 basis points from Initial Price Thoughts (IPTs). The Sukuk was priced at a profit rate of 7.125% per annum, with an effective yield of 7.375% per annum. The net proceeds from this Green Sukuk will be allocated to financing or refinancing eligible green projects as defined in Sobha Realty’s Green Financing Framework. This framework, aligned with the International Capital Market Association (ICMA) Green Bond Principles and the Loan Market Association (LMA) Green Loan Principles, received an independent Second Party Opinion (SPO) from DNV, confirming its alignment with market best practices. Mr. Ravi Menon, Chairman of Sobha Group, commented: “The resounding success of our inaugural Green Sukuk issuance is a powerful testament to the market's recognition of Sobha Realty's robust financial standing and our deep, unwavering commitment to sustainable development. This transaction is not just a financing initiative; it is a strategic alignment of our capital structure with our core values. It enables us to accelerate our ambitious ESG agenda, funding projects that will deliver tangible environmental benefits and solidify our position as a leader in crafting sustainable luxury communities. This milestone reinforces our dedication to creating long-term value for all our stakeholders while contributing positively to the UAE’s Net Zero by 2050 Strategic Initiative.” The Sukuk issuance is expected to be rated Ba2 (Stable) by Moody’s and BB (Stable) by S&P, in line with the corporate credit rating of the obligor, PNC Investments LLC. Sobha Realty appointed Dubai Islamic Bank PJSC, Emirates NBD Capital, J.P. Morgan Securities plc, Mashreqbank psc, and Standard Chartered Bank as Joint Global Coordinators and Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Ajman Bank PJSC, Arab Banking Corporation (B.S.C.), Arqaam Capital, Deutsche Bank, First Abu Dhabi Bank PJSC, The National Bank of Ras Al-Khaimah (P.S.C.), Sharjah Islamic Bank PJSC, and Warba Bank K.S.C.P. as Joint Lead Managers and Joint Bookrunners. Deutsche Bank and Emirates NBD Capital were appointed as Joint ESG Structuring Coordinators. Clifford Chance and Dentons served as legal counsels, while Grant Thornton was appointed as the auditor for this issuance.