Sobha Realty enters the US and Australia with four sites and a USD 600 million Texas plan

• Where: Celina (64 hectares) and Frisco (40 hectares), in the Dallas-Fort Worth area of Texas.
• What: about 700 single-family homes, built in five phases over five years, for an investment of USD 600 million.
• Celina: two communities are planned. One will have larger homes on generous plots; the other is a wider community of family homes.
• First release: 34 homes in Celina, priced from USD 1 million to USD 1.5 million, with sales due to open in 2027.
• Frisco: work on the site is expected to start in 2027.
• Buyers in mind: families moving up to a larger home.

Sobha is also looking at Austin, Houston, Nashville, Phoenix and Florida, and at other parts of Dallas-Fort Worth, including Southlake, Westlake and Flower Mound.

• Where: two sites in south-east Queensland, one in Fortitude Valley, Brisbane, and one on the Gold Coast.
• Planning: the development application for the Brisbane site is due within a month.
• Timing: construction on both projects is expected to start in mid-2027, subject to approvals.

Apartments in Sydney and house-and-land communities are under consideration for later.

The first projects in both countries will be built with local delivery partners. Over time Sobha plans to bring in its Backward Integration model, in which it designs, manufactures and builds in-house, including factory-made components.

The US projects are funded from the company's own equity and local lending, and the first development loans are in place. The Australian projects will use equity and finance from Australian banks and other lenders.

Ravi Menon, chairman of Sobha Group, called the two countries important markets in the company's next phase of growth, with a strategy of entering places with strong housing demand and building scale in phases.

Sobha's home market remains its largest. The company plans to hand over more than 6,000 homes in Dubai in 2026, across five of its communities.

For a buyer in the UAE, the expansion says something about the developer rather than about any one project. A company funding communities on three continents from its own equity is adding scale and spreading its business across markets. Its Dubai delivery this year is the more direct measure: more than 6,000 handovers is the figure to watch.

Nothing changes for current Sobha buyers in the UAE. Prices, payment plans and handover dates are set project by project.

See the Sobha Realty projects we track, including Sobha One, Sobha Central and Sobha Hartland II, and the current Sobha offers.