Prices at the twin residential towers, located in Business Bay, will start at $10 million
Sankari Properties, a newcomer to Dubai’s real estate scene, is set to embark on a groundbreaking $1 billion development in the coveted Business Bay area, responding to heightened investor interest in the ultra-luxury property segment. The ambitious project will feature twin residential towers situated in the Marasi Marina area, offering opulent three, four, and five-bedroom apartments. Prices for these exclusive units will commence at a staggering $10 million. Boasting a starting size of 600 square meters, each residence will occupy an entire floor, emphasizing the commitment to providing residents with unparalleled privacy and security. The development aims for completion by the fourth quarter of 2027, with an initial offering of 57 units. The launch schedule is expected to be announced imminently, marking a significant milestone in Dubai’s evolving real estate landscape.
Sankari Properties, a recent entrant into Dubai’s competitive real estate market, is set to embark on a monumental $1 billion development in the bustling Business Bay area. This strategic move comes in response to the escalating investor interest in the ultra-luxury property segment within the emirate. Founded in the current year, Sankari Properties is a subsidiary of the well-established Sankari Investment Group, with Paris Group being its flagship unit.
The roots of the Sankari Investment Group trace back to 1983 when it was established by Abdulkader Sankari, the father of Mohammed Sankari, the visionary behind the new real estate venture. Paris Group, a key entity under the Sankari umbrella, has earned its reputation by concentrating on the high-end fashion and retail sectors, boasting a formidable presence with over 300 stores scattered across the globe.
The $1 billion development in Business Bay serves as a significant milestone for Sankari Properties, marking its inaugural venture into the competitive real estate landscape. Mohammed Sankari expressed his enthusiasm, describing it as a “nice start” with promising prospects for future expansion. In addition to the Business Bay project, Sankari Properties has revealed plans for another notable development on The Palm Jumeirah, a renowned man-made archipelago in Dubai.
Mr. Sankari alluded to the company’s ambitious plans, hinting at “something nice” in the pipeline while remaining tight-lipped about the specifics. He emphasized that the current project is just the beginning, and the company has a series of surprises in store for the market. With tantalizing prospects on the horizon, Sankari Properties seems poised to make a lasting impact on Dubai’s real estate scene, leveraging its advantageous position within the Sankari Investment Group and drawing on the expertise gained through the decades-long success of Paris Group. The Dubai real estate market can anticipate further innovation and grandeur as Sankari Properties unveils its upcoming projects in the near future.
