Sobha Realty has launched a significant Dh40 billion ($10.9 billion) real estate development in Abu Dhabi, named Sobha City, located in Al Bahiya. This expansive project covers approximately 38 million square feet and will include 4,000 apartments and 2,500 villas. The initial phase, representing one-third of the total units, is currently available for purchase, with expected handover in the fourth quarter of 2029. Prices for a one-bedroom apartment begin at Dh1.31 million, and villas start at Dh4.96 million, catering to anticipated strong local demand. Despite regional geopolitical tensions, Sobha Realty's managing director expressed confidence, viewing current conflicts as a short-term issue with minimal long-term impact on the market.