Sunteck Realty Expands to Dubai: Ultra-Luxury Projects to Elevate Indian Real Estate
Sunteck Realty, a prominent Mumbai-based developer, has taken a significant step by acquiring a nearly 3-acre plot in Dubai Downtown, part of the iconic Burj Khalifa district. This strategic move is part of Sunteck's plan to develop ultra-luxury residential projects under its newly created vertical, Emmance. The company aims to build about ₹20,000 crore worth of ultra-luxury homes over the next 12 months, marking its entry into the international market.
While Dubai marks Sunteck's first foray into the international market, the company is also set to launch a luxury project in South Mumbai. Sunteck has acquired a prime sea-facing plot in Nepean Sea Road for this project, further solidifying its commitment to the ultra-luxury segment.
“The new vertical Emmance will focus exclusively on ultra-luxury housing and operate as a by-invite-only platform,” Kamal Khetan, CMD of Sunteck Realty, told ET. “Each Emmance development will be released in limited numbers, with an emphasis on exclusivity. We plan to position the vertical as a broader lifestyle brand with offerings beyond residences.”
These residences will be priced more than ₹2.5 lakh per sq ft, making them some of the priciest in India. The Nepean Sea Road project is expected to be launched later this financial year. The two projects combined have a total development potential of about 1.8 million sq ft, according to Khetan.
Indian developers have rarely ventured overseas with luxury projects, making this a key step for Sunteck in diversifying beyond the domestic market. In India, the demand for high-value housing has surged post-pandemic, driven by an expanding wealthy class and shifting buyer preferences. Developers in key cities such as Mumbai, Delhi-NCR, and Bengaluru have sharpened their focus on luxury projects to capitalize on this trend.
Dubai's luxury property market has emerged as a preferred destination for wealthy Indian homebuyers, driven by its status as a global financial hub, investor-friendly policies, and attractive lifestyle offerings. Indians have consistently ranked among the top foreign buyers in the emirate, with demand spanning high-end residences in areas such as Downtown Dubai, Palm Jumeirah, and Dubai Marina.
Factors such as proximity to India, long-term residency options through golden visa schemes, and strong returns on investment have further strengthened this interest. As a result, Dubai has become one of the most sought-after international markets for affluent Indian investors and end-users alike.
