Sobha Realty Invested $600 Million in Texas Housing

The Dubai-based developer has acquired 105 hectares of land to build 700 new homes across Celina and Frisco.

Updated on Sept. 28, 2026 in Residential

Bold vector editorial illustration of a miniature house model sitting on a plinth against a stylized, flat-color Texas prairie landscape. — Sobha Realty has committed $600 million to develop 700 single-family luxury homes across Celina and Frisco, Texas, to meet growing local housing demand. AI Illustration. Upload story photo >

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Sobha Realty, which launched its U.S. operations in 2025, has committed $600 million toward a major residential development project in Texas. The firm secured development loans from Bank7 and CCB to build 700 single-family homes across the Celina and Frisco regions.

Why it matters

The investment comes as Texas experiences high demand for housing, driven primarily by the influx of new corporate offices and subsequent employee relocation into the Dallas metropolitan area.

Sobha Realty acquired 64 hectares in Celina and 40 hectares in Frisco to develop its planned 700 homes. These projects are intended to support a market where the average home sales price reached $342,900 in June.

The players

Sobha Realty

This Dubai-based real estate developer manages large-scale residential projects and expanded into the American market in 2025.

Bank7

This financial institution provided a development loan to support the firm's new residential expansion in Texas.

CCB

This bank partnered with other lenders to approve the development financing for the residential project.

The details

The developer plans to complete the construction of these single-family homes across five distinct phases using a combination of debt and equity financing. Initial sales for the first 34 homes are expected to begin next year, targeting a luxury segment for the local community.

2025 marked the year Sobha Realty officially began its U.S. operations.
June 2026 saw Texas record 34,956 total closed home sales.
2027 is the expected year for the start of construction and home sales.

Roadmap

This move marks a significant expansion for a foreign developer into the competitive American single-family housing sector. It reflects a broader trend of international capital entering the Texas real estate market to capture demand created by rapid corporate growth.

Prospective buyers in Celina and Frisco may see an increase in luxury inventory as the company begins its phased rollout of 700 units. Residents should monitor local planning boards for construction updates that may impact traffic or infrastructure near the new development sites.

The takeaway

The entry of major international developers into the Texas market highlights the sustained appeal of the region's suburban growth corridors. Homebuyers in the area should look for increased housing supply options as these large-scale phased projects move toward their initial sales dates.