Dubai Developer Plans Major Expansion: Luxury Projects and More
Sunrise Capital, a rising Dubai developer, is poised for a significant expansion across the UAE and beyond. This article delves into their plans for luxury residential and commercial ventures, potential partnerships, and their optimistic outlook on the UAE’s real estate market as Arabian Business researched.
Upscale Living and Exquisite Design
Sunrise Capital prioritizes luxury, with a focus on high-end villas and apartments. Their inaugural mixed-use project, a 400 million AED development in Dubai‘s Wasl Gate area, exemplifies this commitment. The company is also crafting a luxury commercial tower, catering to premium businesses.
Two of their ongoing projects showcase their dedication to exceptional quality and craftsmanship. A super-luxury villa valued at approximately AED 65 million nears completion in October 2024, and another luxury villa with a AED 70 million investment is slated for completion by June 2025.
Strategic Growth and Potential Diversification
The Developer emphasizes a measured approach to ensure quality and timeliness in their projects. Their primary focus for the next five years remains real estate, aiming to solidify their position as a leading name in the industry. Following this period, they plan to explore diversification into other sectors, details of which are yet to be revealed.
While residential properties, including villas, form their core offering, they are also venturing into commercial projects. The company anticipates a diversified portfolio in the future.
Partnerships for Accelerated Growth
Sunrise Capital is open to strategic partnerships as a means to achieve its goal of becoming a prominent player in the real estate sector. They believe collaborations can drive innovation and propel growth. The company is currently evaluating potential partnerships but refrained from divulging specific details at this time.
Confidence in the UAE’s Real Estate Market
Sunrise Capital’s expansion plans stem from their unwavering belief in the strength and allure of Dubai‘s and the UAE’s real estate market. They see strategic investments, robust demand, and a flourishing premium property segment contributing to a market with a positive outlook.
The company anticipates a balanced market with a healthy equilibrium between supply, demand, and regulatory policies, fostering a sustainable environment with lucrative opportunities. They project property prices to continue rising, particularly in the next six months, fueled by the surge in off-plan investments.
Expressing optimism, Sunrise Capital acknowledges Dubai‘s Economic Agenda D33, a roadmap aiming to double the city’s economic growth and position it as a top-three global urban economy by 2033. They believe the city is well on track to achieve these ambitious goals.
