Texas Dubai Developer Launches First U.S. Homes
Sobha Realty Launches in Celina Sobha Realty enters North Texas with its first U.S. home projects in Celina, marking the Dubai-based developer’s North America debut. The move places the company in a fast-growing market where upscale housing remains a key part of its market positioning. Texas housing forecasts for 2026 point to a 30% increase in active inventory, suggesting a more competitive environment for new luxury developments. Vipin Das, chief executive of Sobha’s U.S. real estate division, said two Celina developments are underway, with a Frisco venture planned next. The first Celina site, The Reserve, sits near the 220-acre North Sky development about three miles from downtown. Lots are prepared, and model home construction is set to begin within two months, with completion expected by year-end. The 34-home community will feature 4,000 to 6,000-square-foot homes on lots ranging from 15,000 to 36,000 square feet. A second Celina community, Creek Park, is planned near GA Moore P...