Sunteck Realty makes Dubai debut with a ₹10,000 crore luxury project

Sunteck Realty Ltd enters the Dubai real estate market ₹10,000-crore luxury project in the prime area of Dubai City Centre, at a time when the city’s demand for high-end properties is rising.

Sunteck International, which was established to develop projects in the United Arab Emirates, will develop two residential towers on 2.5 acres of land in partnership with local company MAS Real Estate. There will be both regular apartments and branded residences in collaboration with hospitality brands.

The Mumbai-based developer’s first project, scheduled to launch in 2026, is expected to have a gross development value (GDV) of approx. ₹10,000 crore.

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“Our entry into an international market like Dubai is a strategic decision based on this market’s superior infrastructure, global money flowing into the city, lifestyle factor and overall demand for premium homes, not just from Indians,” said Kamal Khetan, chairman and managing director of Sunteck Realty. Mint in an interview.

Sunteck International planned projects worth ₹35,000 crore in the UAE in the next three years.

senior developer

Sunteck Realty is not new to developing luxury projects. Signature Island residential property in Mumbai’s Bandra Kurla Complex (BKC) is home to many Bollywood stars, bankers and top executives.

The developer also launched a new luxury development sector called Emaance. Under this vertical, it will develop an ultra-luxury project on South Mumbai’s Nepean Sea Road, where the price of houses will be very high. ₹2 lakh per square meter.

Net profit increased by 41.4% annually ₹49 crore in the September quarter. Revenue from operations increased by 49.3% ₹252.4 crore.

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India-Dubai real estate connection

Indian developers have taken on luxury projects in foreign locations, including London and Dubai, where the real estate market is booming at home. However, when the domestic real estate market went through a bad patch, most of them put their plans on hold.

Still, many real estate firms have launched projects in Dubai and continue to do so as Dubai is a world-class global real estate market.

Mumbai’s Hiranandani Group won acclaim for building the 23 Marina residential towers in Dubai. PNC Menon, who founded Sobha Ltd, also founded Sobha Realty, which has many projects in the UAE. Chennai-based real estate firm Casagrand entered the UAE market with a residential project in Dubai Islands in 2025. The company also outlined plans to develop 6 million square feet of space in the city over the next three years.

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“Indian property developers are making a considerable mark in Dubai and the wider Middle East region. Their main aim is to expand outside their often saturated domestic market, but Dubai’s robust regulatory framework and favorable tax conditions are also important factors. These players are looking to build a strong brand and solid portfolios here, and many are targeting UHNIs,” said Anuj Puri, chairman of real estate consultancy Anarock Group.

“Simultaneously, investment from the UAE is flowing into India’s fast-growing economy. This reciprocal relationship between India and the UAE in the real estate space marks a shift in major Indian players expanding their global footprint and is also changing the flow of investments in these regions,” Puri said. he added.