Meraas vs Sobha Realty

Meraas is the cheaper book per sqft, at AED 2,558 against AED 2,775 for Sobha Realty, so Sobha Realty is 8% dearer per sqft. On the typical unit that reads as AED 4.85M for a median 2,101 sqft home from Meraas, against AED 2.19M for a median 802 sqft home from Sobha Realty. Part of that gap is product, not premium: the two are not selling the same mix of unit.

Meraas sells mostly 3 BR units, 231 priced records at a median AED 2,042 per sqft and AED 5.80M a unit. Sobha Realty leans to 1 BR units, 2,732 records at AED 2,895 per sqft and AED 2.05M a unit.

Entry pricing: the lowest published starting price is AED 1.20M from Meraas and AED 800K from Sobha Realty.

Across 77 published plans from Meraas, the median asks 60% before handover, with 4% carrying instalments that run past the keys. Sobha Realty publishes 99 plans, a median of 60% before handover and 2% with a post-handover tail.

The heavy end matters more than the median when the plan is the reason to buy. 62% of Meraas plans want 60% or more before keys, against 87% of Sobha Realty plans. At the light end, 38% of Meraas plans and 13% of Sobha Realty plans ask 50% or less.

Meraas builds in Dubai, across 16 communities, most of it in City Walk, Umm Suqeim, Jumeirah. Sobha Realty builds in Dubai, Umm Al Quwain, Abu Dhabi, across 25 communities, concentrated in Umm Al Quwain Marina, Bukadra, Mohammed Bin Rashid City.

Meraas peaks in 2026, when 19 of its 56 tracked projects are scheduled to hand over. Sobha Realty peaks in 2029 with 32 of 97. Published handover dates move, so read them as developer intent rather than a delivered date.

57% of the Meraas projects tracked are listed as sold out or out of stock, against 25% for Sobha Realty. That is the share of each book no longer taking new bookings at listed prices, which reads as demand on the way in and as scarcity on the way out.