Sunteck Realty plans to enter the UAE property market with projects worth AED 15 billion (about Rs 366 billion) over the next three years. The Mumbai-based developer has established an international arm, Sunteck International, to lead its UAE expansion and oversee development, partnerships and land acquisitions. The company has already acquired a plot in Downtown Dubai with an estimated gross development value of AED 5 billion (about Rs 122 billion). Chairman and Managing Director Kamal Khetan said Dubai stood out among the world’s luxury hubs—such as New York, London, Miami and Singapore—due to its sustained rise in prime real-estate demand. Investor-friendly policies, global connectivity, strong infrastructure, tax efficiency and a high concentration of ultra-high-net-worth residents have positioned Dubai as the world’s “most future-ready luxury market,” he told ET. The UAE continues to attract affluent buyers, with Henley & Partners projecting a net inflow of over 9,800 millionaires in 2025. Sunteck aims to cater to this fast-growing segment. Its Downtown Dubai project will feature branded residences developed in partnership with a global hospitality operator. Sunteck International has appointed MAS as development partner, JTP as architect and HBA London for interiors. The company said its UAE expansion aligns with UAE Vision 2031 and the Dubai 2040 Urban Plan. It has put in place a UAE-compliant structure involving local partnerships, advisory support and recruitment of local talent. Additional land acquisitions are being explored for the next financial year. In India, Sunteck has delivered projects valued at more than USD 1 billion and employs around 900 people, supported by global design and engineering partners. Its Mumbai portfolio spans over 52 million sq ft across 32 residential, commercial and mixed-use developments.