Dugasta

What Dugasta does

Dugasta Properties Development is a Dubai-based real estate developer operating in the mid-market and affordable residential segment of the UAE property market. Founded in its current brand form in November 2023 under the leadership of Founder and Chairman Tauseef Khan, CEO Azaan Khan, and President Assad Khan, the company succeeded the predecessor City Properties brand and operates alongside its wholly-owned sales and leasing subsidiary City Tower Real Estate, which manages more than 7,000 apartments and villas across Dubai. Dugasta's portfolio spans studios through 3-bedroom residences across projects including Al Haseen Residences 1 through 6 (Dubai South and Dubai Industrial City), Dugasta Paradise (Majan), Moonsa (off-plan), Terra Tower, Astra Residences, Platinum Residences, Dugasta Warsan, Dezire South, Seven Seasons, and Maya 3, with studios starting at Dh342,000 (US$93,188) and 2-bedroom units from Dh1.023M to Dh1.099M.

The business operates on a direct-to-consumer real estate development model, generating one-time transaction revenue from property sales to end-users and investors. Its distribution is direct — through its own sales center at Central Park Tower Offices, the dugasta.com website, social media channels, property expos (notably the International Property Expo 2026 in New Delhi for the Indian market), golf tournaments, community events, and dedicated relationship managers including staff for the Chinese market. The core commercial differentiator is an outcome-based pricing structure: guaranteed annual ROI of 8-10% for 5-10 years, multi-year service charge waivers, and a 100% buyback option after 5 years, layered on top of mid-market pricing and strategic locations near major infrastructure such as Al Maktoum International Airport and Dubai Industrial City.

The company is privately held, family-controlled, and bootstrapped with no disclosed institutional funding. It is RERA-compliant for property reservations and aligned with Dubai Data Protection Law. Al Haseen Residences 1 and 2 reached 90% sell-out on the initial 217-unit offering, while Moonsa achieved approximately 20% pre-launch sales on its 93 units. The firm holds regional recognition including the Innovator of the Year (Ultimate Realty Awards 2024) and the Rising Icon of the UAE and Icon of the Decade (Icons of the UAE 2026). No technology platform, mobile app, API, AI capabilities, patents, or external partnerships beyond marketing channels are disclosed.

Name

Dugasta

Legal name

Dugasta Properties Development

Website

https://dugasta.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

Dugasta Properties Development is a Dubai-based, family-owned real estate developer building affordable mid-market residential projects across Dubai South, Dubai Industrial City, Majan, and Warsan, serving middle-income families and individual investors with guaranteed ROI, service charge waivers, and buyback options.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

New Construction & Builder Sales (BPAJAAAB)

akta.pro secondary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Residential real estate development
• Dubai property developer
• Off-plan apartments
• Rental guarantee programs
• Affordable housing Dubai

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Technology or R&D

Revenue model

1. Property Sales: Direct sales of residential apartments and units across Dubai developments. The company sells ready-to-move-in and off-plan properties to end-users and investors, generating revenue from property transactions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Dugasta Properties develops and sells residential real estate in Dubai, offering a portfolio of apartment projects from studios to 3-bedroom units across locations including Dubai Industrial City, Majan, and Dubai South. Properties are sold directly to end-users and investors, with bundled incentive packages including guaranteed ROI (8-10% annually for 5-10 years), service charge waivers (5-10 years), and a 100% buyback option.

Product overview

Dugasta Properties is a Dubai-based real estate developer offering a portfolio of residential developments across Dubai. The company's product portfolio includes multiple residential projects: Al Haseen Residences (1-6) near Al Maktoum International Airport, Dugasta Paradise in Majan, Moonsa (off-plan), Terra Tower, Astra Residences, Platinum Residences, Dugasta Warsan, Dezire South, Seven Seasons, and Maya 3. These offerings span studio apartments to 3-bedroom homes with unit types including 1BHK, 2BHK, and convertible options. The company differentiates through customer-centric programs including rental guarantee schemes (8-10% ROI for 5-10 years), service charge waivers, and 100% buyback options. Properties are available across Dubai locations including Dubai Industrial City, Majan, and Dubai South.

Differentiator

Problem solved

Functional benefit

Products and services

• Al Haseen Residences Residential apartment series located near Al Maktoum International Airport in Dubai South, offering studio, 1BHK, 2BHK, and 3BHK units with rental guarantee programs and buyback options. For individual homebuyers and property investors.
• Al Haseen Residences 3

Quantifiable outcome

• 10% guaranteed annual ROI for first 5 years (50% total return)
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Nakheel: Master developer of major Dubai residential and mixed-use communities including Palm Jumeirah, Jumeirah Islands, and Discovery Gardens. Overlaps with Dugasta through large-scale residential supply in Dubai and exposure to mid-market rental tenants.
• DAMAC Properties: Major Dubai-listed developer of mid-to-luxury residential including DAMAC Hills, Lagoons, and master-planned communities. Comparable through Dubai off-plan residential supply and investor-marketing intensity, though targeting higher price points than Dugasta.
• Emaar Properties: Largest Dubai-based listed developer with deep residential project portfolio including Downtown Dubai, Dubai Hills, and Dubai Creek Harbour. Comparable as direct competitor for buyer attention and investor capital in Dubai residential, though Dugasta targets a more affordable mid-market segment versus Emaar's premium positioning.

Direct peers

• Ellington Properties: Design-led Dubai boutique developer targeting mid-to-upper residential buyers. Similar private, founder-driven profile with off-plan project pipeline and emphasis on design differentiation — comparable as a non-listed, design-forward Dubai residential peer.
• Azizi Developments: Private Dubai developer focused on mid-market and affordable residential apartments in areas including Dubai South, Al Furjan, and Jebel Ali — overlapping with Dugasta's geographic focus and price band. Operates a similar direct-to-buyer off-plan model with payment plans and post-handover incentives.
• MAG Property Development: Private Dubai developer of mid-market residential including MAG Eye and MAG City projects with off-plan payment plans. Comparable on mid-market price band, geographic focus on developing corridors, and direct-to-buyer sales approach.
• Sobha Realty: Developer of mid-to-upper residential in Dubai including Sobha Hartland and Creek Vistas. Comparable through Dubai off-plan launches targeting end-users and investors, though generally positioned at slightly higher price points than Dugasta.
• Danube Properties: Dubai developer specializing in affordable and mid-market apartments with the well-known "1% monthly payment plan." Closest direct comparable to Dugasta on price-band targeting, off-plan sales model, and mid-income buyer focus, with strong Indian diaspora investor outreach.
• Deyaar Development: Listed Dubai developer and property manager with mid-market residential projects such as Midtown and Tria, plus property management arm. Highly comparable given mix of new-build sales, post-handover support, and adjacent leasing/management operations.

Regional players

• Beyond Realty: Dubai-based off-plan brokerage and investor advisory focused on mid-market residential for Indian and GCC diaspora buyers. Comparable as a channel peer — operating in the same buyer segment and frequently listing Dugasta's competitor projects alongside it.

Market position

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/dugastaproperties
• Xx.com/dugasta_
• Facebookfacebook.com/dugastaproperties
• LinkedInlinkedin.com/company/dugasta

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dugasta