Sobha announces new project launches in the UAE
23 October 2025
Dubai-based private real estate developer Sobha Realty has launched two new projects in the UAE.
The developer announced the launch of Sobha AquaCrest, its second residential development within the Downtown Umm Al-Quwain (UAQ) masterplan in the northern emirate of UAQ.
The development comprises five residential towers, offering a mix of one-, two- and three-bedroom apartments and duplexes.
The project is slated for completion in 2029.
Sobha is also planning to build a 450-metre-tall residential tower called Sobha SkyParks on Dubai’s Sheikh Zayed Road.
The tower will have 109 floors and will be the tallest development in Sobha Realty’s portfolio.
The development will offer more than 684 residential units.
Speaking exclusively with MEED, Ravi Menon, chairman of Sobha Group, outlined plans for delivering a project of this scale.
“While it is indeed our tallest creation to date, we bring strong engineering experience to the table, with nearly 50 high-rise buildings in Dubai already completed or under development,” Menon said.
The developer said it will leverage its experienced in-house team of engineers, designers and technical experts who have delivered some of Dubai’s most iconic high-rise projects, including ‘The S’, a 60-storey tower on Sheikh Zayed Road, along with several other towers over 75 storeys currently under construction in Sobha Hartland 2.
“Sobha SkyParks represents a natural progression in our journey of demonstrating our in-house capabilities,” Menon added.
Sobha will rely on its ‘Backward Integration’ model, which gives it complete control over design, engineering, delivery and post-delivery phases.
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The request for qualifications (RFQs) was issued by the municipality’s Sewerage and Recycled Water Projects Department (SRPD).
The bid submission deadline is 26 February.
The first scheme under the package is TF-16-C1, which involves upgrading and rehabilitating the stormwater system east of the Dubai Canal.
The second, TF-15-C2, will deliver stormwater links along Umm Suqeim Road to serve the Al-Barsha and Al-Quoz communities.
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Modon tenders Ras El-Hekma construction contracts
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
MEED understands that the tenders were issued in January.
These include:
DP3 assets: covering 146 residential villas, 590 three-bedroom townhouses, 356 four-bedroom townhouses, a mall and other associated works.
Bids due on 23 February.
DP4 assets: DP4 includes 54 villas, a clubhouse and other associated infrastructure.
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DP7 assets: 120 five-bedroom villas, 230 seven-bedroom villas, 284 branded residential units and other infrastructural works.
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Modon has accelerated development works at Ras El-Hekma this year. In January, MEED reported that Modon Holding had awarded a E£15bn ($316m) contract for the construction of a project at Ras El-Hekma.
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The scope of the contract covers the construction of residential units, commercial facilities and a 70-key hotel.
In September, MEED reported that Modon Holding had tendered contracts for the infrastructure works for the first phase of the Ras El-Hekma project.
As part of the first phase, Modon plans to develop more than 50 million square metres (sq m), including hotels and a marina.
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Last year, Abu Dhabi-based holding company ADQ appointed Modon Holding as the master developer for the Ras El-Hekma project.
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The signing ceremony was held at the Aqaba Special Economic Zone Authority headquarters in Aqaba on 5 February.
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Aqaba port handles about 80% of Jordan’s exports and 65% of its imports.
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In 2025, the terminal handled over 5.3 million tonnes of cargo and nearly 85,000 car equivalent units of Ro-Ro imports.
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The announcement followed AD Ports Group’s signing of a shareholders’ agreement in January 2024 between its digital arm, Maqta Gateway, and Jordan’s Aqaba Development Corporation regarding their existing joint-venture company, Maqta Ayla.
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Chinese firm wins Ceer automotive supplier park deal
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Beijing-headquartered Metallurgical Construction Corporation (MCC) has won a contract to undertake the steel structure works on the Ceer automotive supplier park in King Abdullah Economic City (KAEC).
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