Economy Events Local 2026-01-26T13:11:27+00:00

Shuba launches 50 billion dirham project in Dubai

Real estate company 'Shuba' has unveiled its new residential project 'Sanctuary' in Dubai, valued at over 30 billion dirhams. The project, accommodating 20,000 families, marks the group's 50th anniversary.


Shuba launches 50 billion dirham project in Dubai

This step comes to celebrate the 50th anniversary of the group's establishment. 'Shuba Sanchuary' extends over a total area of approximately 37.5 million square feet, with an expected capacity for about 20,000 families. The project aims to create a high-performance urban environment based on health, wellness, and long-term sustainability. The project is centered around a large central park and a shopping center. Ashish Parakh, Group Executive Director for Sales and Marketing, said in a statement to 'Al Khaleej' that the project's expected sales value is 50 billion dirhams, while the project's cost exceeds 30 billion. 'Shuba' Real Estate has launched its residential project 'Sanctuary' in Dubai, valued at over 30 billion dirhams.