Their shared objective is to develop exciting new living experiences in prime locations across Dubai, with the combined project portfolio valued at 1.3 billion dirhams.
Dubai has consistently been one of the most attractive real estate markets globally, and this collaboration is poised to further propel its growth. With the continuous economic expansion, more people are choosing to live, work, and invest in Dubai.
Consequently, there has been an increasing demand for medium-scale development projects, necessitating excellent and innovative developers to meet market needs.
Karma Developers and Deca Properties are precisely such developers. Their collaboration will leverage the strengths of both companies to create stunning real estate projects. These projects will offer high-quality residential, retail, and community facilities, providing buyers with a diverse range of options.
Over the next three months, the partners will announce several buyer-focused residential projects in stages, including the Olivia Residences in Dubai Industrial Park, as well as two other unique development projects in Arjan and DLRC. These projects will offer over 484 apartments, catering to diverse demographics.
Shahzad Narain Saxena, CEO of Karma Developers, stated that their aim is to create an entirely new city in Dubai. He believes that Dubai will emerge as a global hub for living, business, and tourism in the future and is committed to contributing to Dubai's development by creating outstanding real estate projects.
Karma Developers has a notable track record in India, Cyprus, and the UK and is highly acclaimed for crafting luxurious living in the UAE in innovative ways.
Deca Properties, on the other hand, has established partnerships with over 2500 global associates, including countries such as the UK, the US, France, Russia, China, India, and South Africa. Their professional team brings rich experience in development and management, providing comprehensive support for projects.
This collaboration is set to further drive the development of Dubai's real estate market, contributing to economic growth. Simultaneously, it will offer buyers a diverse range of options to cater to various demographics. It is an exciting moment, and we look forward to witnessing Karma Developers and Deca Properties jointly creating stunning real estate projects and contributing to the future development of Dubai.
