The S Tower Residential Tower

The S Tower by Sobha Realty, a leading premium real estate developer in the GCC, announced on Thursday the launch of its first signature residential project as Dubai’s booming luxury property sector continues to generate precedent-breaking demand from high networth buyers from across the globe.

Over the last 12 months, Dubai’s prime real estate prices have surged 89 percent, growing by 29 percent in the third quarter alone, fuelled by a continuous flow of ultra-high net worth individuals from across the world wanting to set up their homes in the city’s premier districts, according to latest available data.

Sobha Realty’s founder and chairman, PNC Menon insists that Dubai’s incredible economic resilience and its fast-spreading appeal as a global residential destination of choice for the rich and famous people have been the inspiration behind the group’s first signature residential project, “The S,” located on the most powerful corridor in the Middle East, Sheikh Zayed Road.