UAE-based luxury real estate developer Sobha Realty has highlighted its expansion into Abu Dhabi and international growth ambitions ahead of the 2027 International Indian Film Academy (IIFA) Weekend, scheduled for January 22–23 at Etihad Arena, Yas Island.
The company will return as Title Sponsor of IIFA Weekend for the fourth consecutive year and Co-Presenting Sponsor of the IIFA Awards 2027. Indian buyers account for 20% of its total sales, underlining India’s importance to its business.
A key development is Sobha City, an AED 40 billion master-planned community spanning approximately 38 million sq. ft. in Al Bahiya, Abu Dhabi, near Yas Island and Zayed International Airport. Nearly 60% of the development will comprise open and green spaces, alongside residences, waterfront experiences and lifestyle amenities.
Managing Director Francis Alfred said the company has 79 million sq. ft. and more than 37,000 homes under construction across three UAE emirates. Sobha Realty expects to hand over more than 6,000 homes in Dubai in 2026, with handovers carrying a combined sales value of approximately AED 21.6 billion.
For Kolkata’s property market, the expansion highlights opportunities for Indian homebuyers and investors exploring overseas luxury real estate, particularly in the UAE. The developer is also expanding into the United States and Australia as it pursues its global growth strategy.