Sunteck Realty Expands to UAE with AED 15 Billion Property Projects
Sunteck Realty, a leading property developer based in Mumbai, 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. The company has established Sunteck International, an international entity, to spearhead its expansion in the UAE, handling all operations including development, partnerships, and land acquisitions.
The company 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, highlighted the strategic importance of Dubai in the global luxury real estate market. “Among the world’s key luxury capitals, including New York, London, Miami, and Singapore, Dubai stood out as the choice for our international debut,” Khetan told ET. “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 is witnessing a significant influx of high-net-worth individuals, with global advisory firm Henley & Partners estimating a net inflow of over 9,800 millionaires in 2025. Sunteck Realty is positioning itself to cater to this demand segment in the UAE. The Downtown Dubai project will feature branded residences developed in collaboration with a global hospitality operator.
To ensure the success of the project, Sunteck International has appointed MAS as its development partner, JTP for architectural work, and HBA London for interiors. The company’s expansion aligns with the UAE Vision 2031 and the Dubai 2040 Urban Plan. Sunteck has established 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 has delivered projects valued at over $1 billion and operates with a team of approximately 900 employees, supported by international partners in design and engineering. Its portfolio in Mumbai 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, encompassing 32 residential, commercial, and mixed-use developments.
Sunteck’s foray into the UAE market is a strategic move that leverages the company’s expertise and the growing demand for luxury real estate in Dubai. With a strong foundation and a clear vision, Sunteck is poised to make a significant impact in the UAE property market.
