Yes, however a large chunk of that is created by the flaps. If you have shape memory flaps, you can reduce noise by up to 40% on takeoff and landing. I know one company has already proven this technology on some Gulfstreams for qualification.

So far, noise level seems to be a repeating argument in favour of electric planes, so I suspect it's still much less noisy

Its like how about somewhere around 30 mph cars make more noise from going through the air than their engines.