The company is preparing to launch its maiden mixed residential and commercial project in October in Dubai. Sunrise Capital, an upcoming developer in Dubai, is looking to expand across the UAE with a massive pipeline of luxury villas and apartment projects, its chief executive said. The company, promoted by an Indian-origin group, is also preparing to launch its maiden mixed residential and commercial project in October – an AED400 million project in Dubai’s Wasl Gate area. Luxury and craftsmanship in Dubai real estate“Currently we are focused on Dubai, but we are certainly looking into UAE expansion and beyond,” Yogesh Bulchandani, Founder, of Sunrise Capital, told Arabian Business.“We would keep expanding on our current investment strategy of having few luxury villas and luxury projects,” he said.
The Sunrise Capital founder, however, did not spell out details of investments for the proposed expansions. Bulchandani also revealed the company’s plans for developing a luxury commercial tower. The developer is currently managing projects with a total value exceeding AED120 million. Among these, a super luxury villa, valued at approximately AED65 million, is on track for completion by October this year, and another luxury villa, with an investment of AED70 million, is set to be completed by June 2025.Both projects are progressing smoothly, embodying the highest standards of luxury and craftsmanship, Bulchandani said.
Sunrise to diversify into other sectors beyond real estateThe Sunrise Capital founder said the company will take a steady, strategic approach to investing to ensure it maintains its reputation for quality and timeliness.“For the next five years, our focus will be real estate. We want to make Sunrise Capital the top name in the industry,” he said.Bulchandani said once the company establishes its position in the industry, it will venture into other sectors.He, however, did not specify the sectors which the company will be planning to diversify into.Bulchandani said though the company’s focus will be the residential sector, it will also launch projects in the commercial sector.“We will invest in all types of residential properties, including villas, and commercial. But [going forward] our portfolio will be quite diversified,” he said.Open to partnerships for faster growthBulchandani said the company will seriously consider striking partnerships as a strategy to achieve the company’s target of emerging as a leading player in the real estate sector.“We are always open to exploring strategic partnerships that align with our vision and goals as collaborations can be a powerful way to drive growth and innovation in the real estate sector,” he said.
