Indian developer Sobha Group has bought eight million square feet of land at Dubai's Meydan City for an undisclosed amount to build a mixed-use project, a report said.

Sobha City will be located at Meydan City's Godolphin Parks area and will include a cluster of luxury signature villas, said the Times of India report.

"This is the biggest sale that we have concluded so far and it reflects a new era in the development of Meydan," Saeed H Al Tayer, chairman of Meydan Group, said.

 "The scale of development and opportunities that are available in Dubai continues to attract the international market," Sobha Group chairman P N C Menon said.

Company officials said the project is scheduled to be completed in 8-10 years.