India’s Sunteck Realty enters UAE market with Dhs5bn Downtown Dubai project
The developer’s entry into Dubai comes as the UAE continues to attract record levels of global wealth
26 November, 2025
TT
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Sunteck Realty, one of India’s luxury real estate developers, has officially entered the UAE market with the launch of Sunteck International, its new global arm headquartered in Dubai. The move marks the company’s first international expansion and its ambition to redefine ultra-luxury development in the region.
At an exclusive reveal featuring a 1,000-drone show, Sunteck International unveiled the prime land parcel for its inaugural project in Downtown Dubai—an Dhs5bn development located steps away from the Burj Khalifa and The Dubai Mall. The plot is widely regarded as one of the most coveted remaining sites in the district.
Unlike typical project unveilings that showcase full tower concepts or masterplans, Sunteck International opted for a plot-first reveal. The company said the strategy underscores its confidence in the location’s inherent value and its belief that “extraordinary locations deserve to be experienced in their purest form” before design elements are introduced.
The developer’s entry into Dubai comes as the UAE continues to attract record levels of global wealth. According to Henley & Partners, the UAE is set to welcome a net inflow of over 9,800 millionaires in 2025, cementing its position as the world’s top destination for high-net-worth migration.
Below is an exclusive interview with Kamal Khetan, chairman and managing director, Sunteck Realty:
Why do you see the UAE, particularly Dubai, as an attractive market for developers?
The UAE, and Dubai in particular, is experiencing exponential growth and has become one of the world’s fastest-evolving luxury real estate hubs. The city attracts some of the world’s biggest billionaires and millionaires relocating from other countries. The city is tax-efficient, has world-class infrastructure, a high standard of lifestyle, and strong safety and security measures. Europe is saturated, and the political and tax structures there are increasingly challenging, which drives individuals to explore Dubai. The region continues to attract high-net-worth individuals, and this trend is expected to grow. For developers like us, who are in the ultra-luxurious space, Dubai is an ideal launchpad which brings immediate global visibility, a deep and fast-growing pool of UHNW buyers, and a transaction ecosystem that supports large-scale, branded, design-led projects.
How does regulation influence investor confidence in Dubai?
Strong regulatory frameworks are critical. Anywhere a regulatory authority comes in, the market grows. For example, in India, when the Securities and Exchange Board of India (SEBI) regulated the stock market, global investors gained confidence. Similarly, Dubai’s real estate regulations, through RERA, protect investor money and ensure transparency. This gives comfort to foreign investors and developers. Unlike past crises, such as 2008-2009, today’s market has checks and balances that prevent fly-by-night operators from entering.
What major trends do you see shaping the Dubai property sector in 2026?
Luxury real estate will reach new heights. The buying power of residents is extremely high, and people are no longer moving to Dubai just for tax benefits—they also come for lifestyle. Dubai offers city life, serene beachfront living, and world-class amenities all under one roof. People from Europe, India, and even the US who previously relocated to London or other countries are now considering Dubai. The appeal of comfortable winters, modern infrastructure, and high living standards will continue to attract residents, driving growth in 2026.
Is there any concern about a property bubble in Dubai?
No, the market is healthy. Growth is sustainable. Unlike the 2008 crisis, today the market has strong regulations and transparency. For example, RERA ensures that developers cannot sell units unless a substantial portion of the project is funded and approved. Investors entering Dubai real estate today are serious players, not speculators. While there may be minor corrections, a crash like the Lehman crisis is unlikely.
Can you share your plans and vision for Sunteck in Dubai?
We have acquired a large land parcel in downtown Dubai, across from the Dubai Mall. The inaugural project estimated at Dhs5bn GDV, offers beautiful views, direct access to Dubai Mall, the canal, and Dubai Opera. In India, our projects transformed lower-income locations into premium destinations, attracting high-profile residents. We intend to replicate that success in Dubai. Our aim is to develop a flagship property that represents the highest standards of luxury. We are not here to follow existing paths; we aim to disrupt, elevate, and redefine ultra-luxury living in the world’s most dynamic market. The fact that we are creating an ultra-luxurious offering transcending beyond what exists today speaks to this ambition. Dubai is our strategic anchor for the Middle East. Our Dhs15bn planned investment pipeline over the next three years is only the starting point of a long-term commitment to the region’s growth story. We already have several multi-billion-dirham projects under discussion, with key announcements expected in the first quarter of 2026.
What impact do you anticipate on the sector in 2026?
We foresee only positive impacts. Dubai benefits from geopolitical stability and neutrality, which makes it attractive to investors and residents alike. The city is welcoming, and this encourages continued growth. With the lifestyle, infrastructure, and business environment, we see Dubai continuing to expand rapidly in 2026. Moreover, the UAE is continuing to lead in global wealth migration with over 9,800 millionaires relocated to the country in 2025 (source: Henley & Partners) further fueling demand for premium, design-led, and well-located luxury homes. We anticipate particularly strong demand for premium residences and are very excited about launching in a prime landmark address like Downtown Dubai, which ticks all the boxes for exclusivity, design, and long-term value and is yet another reinforcement of our DNA and reputation of being a location pioneer and truly disruptive luxury developer.
How does Dubai feel to you personally, given your background in India?
Dubai feels like home. While India is our origin, Dubai offers a lifestyle and opportunities that make it a natural place to invest and grow. We are proud to witness Dubai’s growth and see enormous potential here. Our strategy is to leverage both India and Dubai markets, tapping into opportunities to expand Sunteck and achieve sustainable growth.






















