Sunteck Realty Makes Grand Entry into Dubai Property Market
Mumbai-based Sunteck Realty Ltd has announced its ambitious international expansion with a massive ₹10,000-crore luxury project in Dubai's prime Downtown area. This strategic move comes at a time when Dubai is experiencing unprecedented demand for high-end residential properties from global investors.
The company has established a new entity called Sunteck International specifically to develop projects in the United Arab Emirates. In partnership with local firm MAS Real Estate, Sunteck will develop two residential towers on 2.5 acres of land, featuring both regular apartments and branded residences in collaboration with renowned hospitality brands.
Strategic Expansion and Project Timeline
Sunteck's maiden international project is scheduled for launch in 2026 and is expected to achieve an estimated gross development value of nearly ₹10,000 crore. According to Sunteck Realty chairman and managing director Kamal Khetan, the decision to enter Dubai was driven by multiple factors including superior infrastructure, significant global investment inflows, lifestyle appeal, and strong demand for premium homes from Indian buyers and other international customers.
The company has even more ambitious plans for the UAE market, with projects worth over ₹35,000 crore planned within the next three years through its Sunteck International subsidiary.
Luxury Development Expertise
Sunteck Realty brings considerable experience in luxury development to its Dubai venture. The company's Signature Island residential property in Mumbai's Bandra Kurla Complex houses several Bollywood celebrities, prominent bankers, and top corporate executives.
Recently, the developer established a new luxury vertical called Emaance, which will develop an ultra-luxury project on South Mumbai's Nepean Sea Road where homes will be priced at over ₹2 lakh per square foot.
The company's financial performance has been robust, with net profit growing 41.4% year-on-year to ₹49 crore in the September quarter. Revenue from operations increased by 49.3% to ₹252.4 crore during the same period.
Indian Developers' Growing Presence in Dubai
Sunteck Realty joins several other Indian real estate firms that have successfully expanded into Dubai's premium property market. Mumbai's Hiranandani Group gained recognition for building the iconic 23 Marina residential tower in Dubai, while PNC Menon, founder of Sobha Ltd, also established Sobha Realty with multiple projects in the UAE.
More recently, Chennai-based Casagrand entered the UAE market in 2025 with a residential project on Dubai Islands and has outlined plans to develop 6 million square feet over the next three years in the city.
According to Anuj Puri, chairman of property advisory Anarock Group, Indian real estate developers are making significant inroads in Dubai and the broader Middle East region. Their primary motivation is expansion beyond saturated domestic markets, while Dubai's robust regulatory framework and favorable tax conditions provide additional incentives.
Puri noted that these developers aim to build strong brands and robust portfolios in Dubai, often targeting ultra-high-net-worth individuals. Simultaneously, investment from the UAE continues to flow into India's rapidly growing economy, creating a reciprocal relationship that is changing how large Indian players expand their global footprint and how investments move between these regions.
