The UAE continues to reinforce its status as one of the world’s most desirable destinations for high-net-worth individuals, with more than 9,800 millionaires relocating to the country in 2025, according to global migration consultancy Henley & Partners. Investor confidence, tax efficiency, and world-class infrastructure have positioned the UAE—particularly Dubai—among the most dynamic luxury real estate markets globally.
As demand for ultra-premium property accelerates, Sunteck Realty Ltd, one of India’s leading luxury developers, has announced a major expansion into the UAE through the launch of Sunteck International, headquartered in Dubai. The company has revealed a Dh15 billion development pipeline planned for the next three years, underscoring the scale of its long-term regional strategy.
Key industry figures—including Joe Tabet, Founder & Managing Director of JT+Partners, and Sayeli Uysal Ayaydin, Partner at HBA London—joined Kamal Khetan, Chairman and Managing Director of Sunteck Realty Ltd, for the announcement, marking a significant moment for the UAE’s luxury real estate landscape.
A Strategic Expansion into a Market of Global Demand
Sunteck Realty is recognized for its financial stability and quality-driven development approach, supported by triple ISO certifications and a robust balance sheet, including a Net Debt-to-Equity ratio of just 0.04x and a AA long-term credit rating. These fundamentals have enabled the company to take a bold step into one of the world’s fastest-growing ultra-luxury markets.
The developer’s first UAE project is located on a prime land parcel in Downtown Dubai, only minutes from the Burj Khalifa and The Dubai Mall. In an unconventional approach, Sunteck unveiled the location before releasing any architectural details or masterplans—an indication of the parcel’s rarity and long-term value as one of the final major development opportunities in the district.
With an estimated Dh5 billion gross development value (GDV), the flagship project aims to redefine ultra-luxury living through cutting-edge design, superior craftsmanship, and high-end urban exclusivity. The development will also include branded residences created in partnership with leading global hospitality brands, with more information expected in the coming months.
Dubai Emerges as the Top Luxury Market for Global Investors
Speaking at the launch, Kamal Khetan emphasized why Dubai was the natural choice for Sunteck’s international expansion.
“Among the world’s greatest luxury capitals—including New York, London, Miami, and Singapore—Dubai stood out as the unequivocal choice for our debut. It wasn’t just attractive; it was the only market that matched our aspirations.”
Khetan highlighted the consistency and strength of the UAE’s luxury real estate segment, driven by wealthy global investors seeking stability, lifestyle, and long-term value.
“Dubai is, very frankly, the best real estate market in the world right now for super luxury. High-net-worth individuals are relocating here in unprecedented numbers, and the UAE offers volumes, pricing, and margins that are unparalleled. We are here to break the ceiling of what ultra-luxury can mean.”
He also noted that Dubai remains competitively priced on a per-square-foot basis compared to mature markets.
“We explored other global destinations, including the UK. But while millionaires are leaving Europe, they are increasingly choosing the UAE. Dubai offers the most compelling growth story. Prices still have room to rise compared with other world cities.”
A Market Built for Sustainable Long-Term Growth
The UAE’s luxury property sector is expanding rapidly as global investors seek stability, strong governance, and attractive returns. Government policies—including long-term visas, corporate tax clarity, and large-scale infrastructure investment—are supporting sustained market confidence.
With Sunteck’s entry and Dh15 billion in developments slated for the near term, the UAE is set to witness another wave of high-profile luxury launches, further solidifying its position as a global epicenter for wealth, investment, and next-generation property development.
