Sunteck Realty Expands to Dubai with AED 5 Billion Ultra-Luxury Project

Mumbai-based real estate major, Sunteck Realty Ltd, has officially entered the UAE market through its international division, Sunteck International, with an ultra-luxury residential project in Downtown Dubai. The project, valued at AED 5 billion, marks the company's first international venture and is a significant milestone in its global expansion strategy.

The project, located on a 2.5-acre plot in the Burj Khalifa Community, is part of a larger portfolio with a gross development value (GDV) of over AED 15 billion, which the company aims to achieve within the next three years. This ultra-luxury development is positioned to offer an extravagant lifestyle, making it a standout addition to the already prestigious Downtown Dubai area.

Situated close to iconic landmarks like the Burj Khalifa and The Dubai Mall, the project leverages the unique appeal of its location. Sunteck International emphasizes that the strategic location is a key factor in the project's value and attractiveness.

Kamal Khetan, Chairman and Managing Director of Sunteck Realty Ltd, shared his vision for the project: “The flagship Downtown Dubai project, estimated at AED 5 billion in GDV, will be developed in partnership with MAS, as its strategic partner. Our focus right now is on ensuring that the inaugural project reflects the highest expression of ultra-luxury living, about which more information will be revealed.”

Khetan further elaborated on the company's plans for the UAE market. He stated that the additional cash flow generated from this project will fuel further growth in the region. “We are very optimistic about the market. Our focus is on high-net-worth individuals (HNIs) who are drawn to Dubai for its growth, infrastructure, and lifestyle. At Sunteck, we were looking for another location to extend our reach, and I cannot think of a better market than this one,” he explained.

The decision to enter the Dubai market was driven by the city’s status as a global luxury capital. “Among the world’s greatest luxury destinations, including New York, London, Miami, and Singapore, Dubai stood out as the unequivocal choice for our international debut. Few cities have demonstrated such a decisive, sustained rise in luxury real estate. Investor-friendly policies, global connectivity, best-in-class infrastructure, a 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,” Khetan added.

Sunteck International is committed to innovating the concept of ultra-luxury living. Khetan noted, “Dubai is the only city that offers the perfect blend of architectural innovation, economic stability, and a global sophisticated consumer base. It is not just a beautiful market but the only market that fits our ambitions. We aim to create spaces that go beyond the existing standards of luxury.”

Unlike typical real estate project launches, Sunteck International chose to reveal the land first, highlighting its exclusivity and immense value. This strategic move underscores the project’s singularity and the company’s confidence in the market potential.

The project will collaborate with top global names such as HBA London for interior design and JTP for architectural strategy and design. Sunteck International is also planning to introduce branded residences in partnership with leading hospitality brands, with more details to be revealed soon.

Sunteck Realty, a listed company, boasts a portfolio of over 50 million square feet across 32 projects in Mumbai, with 80% residential and 20% commercial/retail, and a GDV of over $5 billion. The company’s robust performance in the domestic market and expertise in premium residential and commercial development position it well to succeed in the ultra-luxury segment in the UAE.

Dubai’s growing importance as a global luxury real estate hub is further evidenced by the influx of high-net-worth individuals. According to reports, more than 9,800 millionaires are expected to relocate to Dubai in 2025 alone. Sunteck International’s entry into the market is a strong endorsement of the city’s long-term attractiveness and its significance in the global luxury real estate landscape.