Dubai-based Sobha Realty announced on Monday the launch of the 2.8 billion UAE dirhams ($763 million) Sobha Reserve project in Dubailand.

The luxury residential villa complex is located in Wadi Al Safa 2, the developer said in a Arabic language press statement.

The Sobha Reserve project covers an area of nearly 80 acres, and includes more than 300 villas, each accompanied by a private garden and a swimming pool, the statement noted.

In November 2022, the developer had launched Sobha One, comprising five interconnected residential towers, and Sobha Hartland II mixed-use master plan during Cityscape Global 2022.

Sobha Reserve was scheduled to be launched in November 2022, according to an October 2022 report by Zawya Projects

(Writing by Majda Muhsen; Editing by Anoop Menon)

(anoop.menon@lseg.com)