Dubai’s Real Estate Sankari Properties’ $1 Billion Ultra-Luxury Development in Business Bay
Dubai’s real estate and architecture has always been associated with luxurious space and avant-garde architectural ideas, and the recent $1bn investment of Sankari Properties’ in Business Bay for an ultra luxurious housing project cements its position of Dubai as the world’s premier luxury haven. This new development which is set to revolutionize the concepts of luxury living in the city is located in the Marasi Marina in the Business Bay where well-to-do individuals are bound to reside.
Key Aspects of Sankari Properties’ $1 Billion Ultra-Luxury Development
| Aspect | Details |
|---|---|
| Project Location | Marasi Marina, Business Bay, Dubai |
| Completion Date | Q4 2027 |
| Total Investment | $1 Billion USD |
| Number of Units | 57 Full-Floor Residences |
| Starting Price | $10 Million USD |
| Unit Size | 600 sq. meters |
| Amenities | Private Pools, Fitness Centers, Leisure Areas |
Project Overview: A Landmark in the Making
Sankari Properties launched in the luxury real estate segment, has already set its sights higher with the inaugural project of twin towers with the mix of three, four, and five bedroom apartments. Every one of the 57 residences occupies an entire floor and has been equipped with the best in security and privacy; the price starts from $10 million. As the whole concept of the development is to provide comfortable and wide-apart luxury, each apartment ranges about 600 square meterage. This guarantees that residents have the highest level of privacy and safety, as well as, have unrestricted view of the city’s skyline and Creek.
The project is planned to be delivered in the fourth quarter of 2027, to target the world’s top consumers, As Dubai luxury housing market continues to rise in transaction volume & value. The super luxury part of the city’s property market has expanded by 13 percent. five percent in 2023, making it the highest value worldwide courtesy of growth in economic, favorable government polices, and supply-demand pull.
Why This Project Stands Out
Sankari properties’ strategy is to position itself in a market, which is highly saturated with high end apartments and villas in Dubai while providing more than just homes. Every tower possesses an innovative facility of different fun-related amenities such the swimming pool for exclusive use, Gym and other leisure facilities where one can live a luxurious lifestyle without the need to venture out. The architectural style used in the project was well informed by privacy and security since every unit is a whole floor and will provide people with a private, quiet lifestyle.
As for Sankari Properties, they may be relatively new to the market, however the roots that they have is rather deep. It is affiliated to the UAE based Sankari Investment Group which was established by Abdulkader Sankari and is well known for its Paris Group, a fashion and retail conglomerate. This development is in line with Paris Group’s 40th anniversary and implies the company’s vast growth in luxury property market.
Strategic Timing: A Booming Market
The time to undertake this project couldn’t be better since the property market of Dubai has experienced a considerable boost. According to the Dubai Land Department, there were more than 116,000 new property sales, purchases and other transactions in the first nine months of 2023 alone, up by 33 percent, 8% year-on-year increase.
This is partly attributed to initiatives such as the 10-year Golden Visa which was recently introduced to allow residents to invest in the country for a longer term, which is up to 10 years. The luxury property segment has remained buoyant even in the more saturated niches such as Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island to name but a few; thus Dubai currently ranks fourth globally as the most active luxury residential property market.
Sankari Properties’ $1 Billion Luxury Development
More to Come from Sankari
Sankari Properties has already given a clue to the subsequent projects and one of the project is to be developed on the Palm, Jumeirah which is the testimony of its sustainable strategy of focusing on luxurious property in Dubai. That is why it is crucial for the company to challenge such market power players as Emaar and Damac, pointing out to the fact that due to vast market research and cooperation with the leading architects and designers they know for sure that they are capable of presenting the market with outstanding products that will meet the demand of the buyers.
FAQs about Sankari Properties’ $1 Billion Development in Business Bay
| What is the completion date for the project? |
| The project is expected to be completed by Q4 2027. |
| How many units are available in this development? |
| There are 57 full-floor units available in the project. |
| What is the starting price for a unit? |
| The starting price for a unit is $10 million USD. |
| Where is the project located? |
| The project is located in Marasi Marina, Business Bay, Dubai. |
As Dubai progresses to be one of the largest and most popular international luxury real estate markets, Sankari Properties in Business Bay defined the prospects of this business. With its emphasis on large and en-suite living accommodations and super-luxury services and features, it takes its place among the most desirable buildings for HNWI. When it comes to acquiring market entry, developing a long-term vision and the support of a powerful parent company, Sankari Properties has the potential to reshape luxury living in Dubai’s competitive context.
Test Your Knowledge: Sankari Properties’ $1 Billion Ultra-Luxury Development
| 1. Is the Sankari Properties’ project located in Business Bay, Dubai? | |
| 2. How many units will be offered initially? | |
| 3. What are the types of amenities offered? (Select all that apply) |
Private Pools Fitness Centers Shopping Mall Leisure Areas |
| 4. Is the starting price for each unit $5 million? | |
| 5. Select the expected completion date of the project: | |
| 6. Is the project developed by Emaar Properties? |