Sunteck Realty Expands into UAE Property Market with AED 15 Billion Projects
Sunteck Realty, a prominent Mumbai-based property developer, is making a significant move into the UAE property market with projects valued at AED 15 billion (approximately Rs 36,600 crore) over the next three years. This ambitious expansion is aimed at capitalizing on the growing demand for luxury real estate in Dubai, a city that has emerged as a global hub for high-net-worth individuals.
The company has established an international entity, Sunteck International, to spearhead its UAE operations. This entity will handle all aspects of the development process, including land acquisition, partnerships, and project management. Sunteck International has already secured a prime plot in Downtown Dubai, with an estimated gross development value of AED 5 billion (about Rs 12,200 crore).
Kamal Khetan, CMD of Sunteck Realty, expressed his confidence in Dubai's potential, stating, “Among the world’s key luxury capitals including New York, London, Miami, and Singapore, Dubai stood out as the choice for our international debut. Few cities have demonstrated such a decisive, sustained rise in luxury real estate. Investor-friendly policies, global connectivity, infrastructure, tax-efficient environment, and an unmatched concentration of ultra-high-net-worth residents have transformed Dubai into the world’s most future-ready luxury market.”
The UAE, particularly Dubai, continues to attract high-net-worth individuals, with global advisory firm Henley & Partners estimating a net inflow of over 9,800 millionaires in 2025. Sunteck Realty is well-positioned to cater to this demand segment with its upcoming projects. The Downtown Dubai project will include branded residences developed in partnership with a global hospitality operator, further enhancing the appeal of the development.
To ensure the success of its UAE projects, Sunteck International has appointed MAS as its development partner, JTP for architectural work, and HBA London for interior design. The company’s expansion aligns with the UAE Vision 2031 and the Dubai 2040 Urban Plan, which aim to transform the region into a leading global city. Sunteck has put in place a UAE-compliant structure, including local partnerships, advisory arrangements, and the hiring of local talent. Additional land acquisitions are planned for the next financial year.
In India, Sunteck Realty has a strong track record, having delivered projects valued at over $1 billion. The company operates with a team of around 900 employees and collaborates with international partners in design and engineering. Its Mumbai portfolio includes residential clusters, commercial assets, and township developments across multiple micro-markets. The listed developer manages a portfolio of over 52 million square feet across Mumbai, covering 32 residential, commercial, and mixed-use developments.
Sunteck Realty’s foray into the UAE property market is a strategic move that leverages the company’s expertise and the region’s robust real estate environment. With a focus on luxury and high-net-worth individuals, Sunteck is poised to make a significant impact in the UAE’s real estate landscape.
