Sobha Realty Has Planned 700 New Texas Homes
The developer has committed $600 million for housing projects in Celina and Frisco to meet growing demand.
Updated on Sept. 28, 2026 in Residential
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Sobha Realty has announced a $600 million investment to construct 700 single-family homes across 105 hectares of land in Celina and Frisco. The company, which began U.S. operations in 2025, intends to develop these properties in five phases.
Why it matters
This development signals new inventory for Texas homebuyers as demand rises from corporate relocations and employee moves into the region. The project is funded through a combination of debt and equity, including development loans from Bank7 and CCB.
Sobha Realty is investing $600 million to build 700 homes, with an initial phase volume of 34 units. This arrives against the backdrop of the Texas market, which saw 34,956 closed home sales in June.
The players
Sobha Realty
An international developer and homebuilder that recently entered the U.S. market.
Bank7
A financial institution providing development loans to support new residential construction.
CCB
A bank participating in the financing package for the new Texas housing projects.
The details
The developer acquired 64 hectares in Celina and 40 hectares in Frisco to execute this multi-phase residential expansion. Projects will be financed through a mix of debt and equity supported by Bank7 and CCB. Sales for the first 34 homes are expected to begin in 2027.
Timeline
2025: Sobha Realty began its U.S. operations.
June 2026: Texas reported 34,956 total closed home sales.
2027: Construction and the initial round of home sales are expected to begin.
Money Landscape
This project aligns with the broader push to expand housing inventory in high-growth Texas corridors. It follows the pattern set by the state's recent corporate relocation trend, which continues to drive localized demand for new residential development.
Prospective buyers in Celina and Frisco should monitor upcoming inventory releases, as these 700 units are slated to enter the market starting in 2027. Review your local housing supply and consult a financial professional to discuss how new build options fit into your long-term housing budget.
The takeaway
This $600 million project represents a significant increase in available inventory for the North Texas region. Homebuyers should keep an eye on project timelines and coordinate with a real estate professional to understand how new development inventory compares to current market pricing.
Further reading
For more information on market trends, visit Residential.
Source note: This article includes information reported by The National.
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