Tuesday, 02 January 2024 12:17 GMT

Sobha Realty Awards Dh260 Million Special Bonus For FY2025


(MENAFN- Khaleej Times) Sobha Realty, a leading global luxury real estate developer in Dubai, has allocated an Dh260 million bonus in FY2025, for employees not already covered by incentive programmes. This initiative, which spans multiple departments,“reflects Sobha Realty's acknowledgment of the collective efforts driving its continued success', a statement said.

Commenting on the announcement, Ravi Menon, Chairman of Sobha Group, said:“Our people are at the heart of Sobha Realty's journey and achievements. This initiative reflects our deep respect for the commitment they exhibit each day. By recognising their efforts in a meaningful manner, we aim to strengthen a culture where individuals feel valued, supported, and inspired to strive towards shared goals and success.”

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The bonus, which was distributed in December 2025, is designed to provide employees with an additional monetary boost as they prepare for the new year.

The decision comes on the back of Sobha's wrapping up FY2025 with Dh30 billion in sales, marking a strong 30 per cent year-on-year growth and reinforcing its position as one of the Gulf's leading luxury real estate developers, as premium residential demand across the UAE continued to accelerate.

Financial momentum was reinforced by strong capital market activity. Sobha Realty's sukuk issuances attracted heavy institutional demand, with its debut offering oversubscribed by about 300 per cent and its green sukuk achieving roughly 280 per cent oversubscription, the largest green sukuk raised by a real estate developer globally.

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Khaleej Times

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