Sankari Properties Unveils Billion-Dollar Marvel in Dubai’s Ultra-Luxury Real Estate Landscape

Sankari Properties Unveils Billion-Dollar Marvel in Dubai's Ultra-Luxury Real Estate Landscape

Dubai’s skyline is set for a glittering addition as Sankari Properties, the latest entrant in the emirate’s real estate scene, announces plans to craft a $1 billion masterpiece in the heart of Business Bay. This ambitious development, featuring twin residential towers in the Marasi Marina area, is poised to redefine opulence in the city’s flourishing real estate market. In an exclusive revelation, Mohammed Sankari, the Chairman of Sankari Properties, shared insights into this groundbreaking project, revealing that prices for these ultra-luxurious apartments will commence at a staggering $10 million.

Luxury Redefined: The twin towers, a testament to architectural magnificence, promise an exclusive living experience. Comprising three, four, and five-bedroom units, each residence spans a lavish 600 square meters, occupying an entire floor for unparalleled privacy and security. With completion scheduled for the fourth quarter of 2027, the initial offering includes 57 units, a number set to captivate discerning investors and luxury connoisseurs alike.

Sankari Properties: A New Star on Dubai’s Horizon: Founded in the landmark year coinciding with the 40th anniversary of Paris Group, Sankari Properties is a subsidiary of the UAE-based Sankari Investment Group. While Paris Group has left an indelible mark in the high-end fashion and retail sectors, Sankari Properties is poised to make its mark on Dubai’s skyline. Mohammed Sankari expressed enthusiasm about the debut project, hinting at future surprises, including an upcoming venture on The Palm Jumeirah.

Dubai’s Booming Real Estate Market: The timing of Sankari Properties’ foray into Dubai’s real estate sector aligns with the emirate’s robust market growth. Fueled by economic momentum and government initiatives such as extended residency permits and the golden visa program, Dubai recorded a remarkable 33.8% YoY increase in property transactions in the first nine months of 2023. The total value of these transactions soared to approximately Dh429.6 billion, reflecting the enduring appeal of Dubai’s real estate market.

Luxury in Demand: Sankari Properties recognizes the insatiable demand for ultra-luxury properties in Dubai, a sentiment echoed by the chairman. With areas like The Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island commanding premium prices, Dubai ranks as the world’s fourth-most active market in the luxury residential segment. The company is unwavering in its commitment to offering “extra luxury” and “something extraordinary” in response to the discerning tastes of the city’s elite.

Facing Giants with Confidence: Despite entering a market dominated by established players like Emaar Properties, Damac Properties, and Omniyat, Sankari Properties remains undaunted. Mohammed Sankari attributes this confidence to meticulous market research and collaboration with top-notch professionals, including interior designers and architects. “Competition is nice,” he notes, emphasizing the importance of contributing to a market that thrives on innovation and diversity.

Conclusion: As Sankari Properties prepares to unveil its $1 billion ultra-luxury marvel, Dubai’s skyline anticipates a new icon. This development not only symbolizes the evolution of the city’s real estate landscape but also reflects the commitment of Sankari Properties to redefine opulence. With demand for luxury properties reaching new heights, this venture is poised to be a cornerstone in Dubai’s continuing ascent as a global real estate powerhouse. As the countdown to the project’s launch begins, investors and aficionados alike eagerly await the opportunity to claim their slice of this unparalleled architectural masterpiece.

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