Indian real estate developer Sobha Group has acquired a plot of land on a major arterial road in Dubai to build the first of its planned five star hotels.
The group has acquired the land on Sheikh Zayed Road to build the first hotel of its proposed Sobha Hotel chain, a company statement said.
Sheikh Zayed Road is the landmark business address in Dubai, so what better place for us to mark our entry into the hotel development and operations arena? said Ajay Rajendran, Sobha Group vice-chairman, in the statement.
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