Sobha Realty Has Invested $600 Million in Texas Housing
The developer plans to build 700 new homes across Celina and Frisco to meet growing local demand.
Updated on Sept. 28, 2026 in Residential
Live Poll
Is the expansion of high-end housing developments in your area generally beneficial for your local community?
Sobha Realty has committed $600 million to a large-scale residential project in Texas, marking its entry into the U.S. market. The developer plans to construct 700 single-family homes across 105 hectares of land acquired in Celina and Frisco.
Why it matters
The investment comes as Texas experiences high demand for housing driven by new corporate offices and steady employee relocation into the region. This development adds significant inventory to the local market, where the average home price reached $342,900 in June.
Sobha Realty secured development financing from Bank7 and CCB to support its 700-home initiative. The project is split between 64 hectares in Celina and 40 hectares in Frisco, with the initial 34 homes expected to hit the market in 2027.
The players
Sobha Realty
A developer headquartered in Dubai that focuses on large-scale luxury residential projects.
Bank7
A financial institution that provided development loan backing for the new Texas residential project.
CCB
A lender that approved the development loan alongside Bank7 to fund the company expansion.
The details
The development will proceed over five phases, utilizing a mix of debt and equity funding. These single-family residences are designed to cater to the influx of workers moving to the Dallas metropolitan area. While the company has established a presence in the U.S. as of 2025, it maintains its headquarters in Dubai.
Timeline
2025: Sobha Realty began its U.S. operations.
June 2026: Texas reported 34,956 closed home sales.
2027: Construction and the start of home sales are expected to begin.
The Home Front
This project represents a significant injection of new inventory into the North Texas residential market. It follows the pattern of rapid housing development in suburban hubs fueled by the June 2026 Texas monthly home sales volume of 34,956 units.
Prospective buyers in the Celina and Frisco areas should track the progress of the first 34 homes as they move toward the 2027 sales window. Review your current household budget against local market data, noting that the average Texas home price reached $342,900 this June.
The takeaway
Large-scale residential developments often reshape the supply-demand balance in growing suburban corridors like Celina and Frisco. Prospective buyers should keep an eye on upcoming project milestones to see how new inventory impacts local pricing in the coming years.
Further reading
For more insight into regional market shifts, read the latest updates on Residential.
Source note: This article includes information reported by The National.
Live Poll
Is the expansion of high-end housing developments in your area generally beneficial for your local community?
