UAE-based real estate developer Sobha Realty has announced its foray into the UK market with the launch of its Sobha Global Studio overlooking Hyde Park in central London’s prestigious Mayfair district.
The expansion into the UK market follows Sobha’s move into China with the opening of its first sales offices in Shanghai.
Sobha Global Studio, in London, is set to showcase the company’s brand and luxury residences to potential investors, it said in a statement.
The developer said its presence in London will facilitate brand alliances and joint ventures with London-based luxury brands and relevant real estate partners.
PNC Menon, chairman and founder of Sobha Realty, said: “We are pleased to announce the launch of the Sobha Global Studio in London. This realises our long-term plans to enter the UK property market and list on the London Stock Exchange.
"London is a world city. Just last year, it attracted over 40 million visitors for business and leisure, and we are confident that it is the right platform to showcase our projects to the world.”
Sobha Global Studio is set for an official opening on April 30, he added.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.