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Sobha Group forms JV with Meydan Group to develop an integrated township in Dubai

03 May 2013 Evaluate

Sobha Developers - group company - Sobha Group has formed a joint venture (JV) with Meydan Group to develop an integrated township of more than 1000 acres in Dubai. The JV ‘Meydan Sobha FZ LLC’ is 50:50 venture between the Sobha Group and Meydan Group.

The township ‘Mohammed Bin Rashid City -District One’ to be developed by the JV is located alongside Al Khail Road. It would be the closest residential villa and green space development to the famous Burj Khalifa district.

Peers
Company Name CMP
Lodha Developers 1162.00
Prestige EstatesProj 1473.00
Dilip Buildcon 412.40
DLF 680.50
Oberoi Realty 1850.05
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