Kasco Developments

What Kasco Developments does

KASCO Developments is a Dubai-based residential real estate developer launched in September 2024 as the dedicated property development subsidiary of KASCO Group, a family-owned diversified conglomerate established in 1986 with prior operations across oil and gas trading, shipping and marine services, transportation and logistics, and real estate. KASCO Group had previously delivered four real estate projects between 2010 and 2021 (Gulf Oasis Hotel Apartments, KASCO Tower, KASCO Residence, and Waves Tower by KASCO), and KASCO Developments was created to focus exclusively on property development with an initial AED 1.2 billion (~$327 million) corporate-funded investment targeting 1 million square feet of residential space by 2025. The company is headquartered in Business Bay, Dubai, and is privately held as part of the family-owned group.

KASCO Developments' core development pipeline comprises three projects: ONDA by KASCO, a 23-floor freehold residential tower in Business Bay with 348 residences launched in October 2024 (construction Q4 2024, handover Q2 2027); VAL by KASCO, a residential project in Al Jaddaf; and VOLNA by KASCO, an 11-floor waterfront building in Al Jaddaf with 65 units launched in February 2025 with a AED 100 million investment (handover Q2 2026). Unit mixes span studios, one-, two-, and three-bedroom apartments, with three-bedroom penthouses in ONDA including private pools. Projects incorporate wellness-centric amenity programming (fitness facilities, swimming pools, spas with cold plunge and sauna, indoor and outdoor running tracks, coworking spaces), smart home technology integration, and energy-efficient systems as competitive differentiators under the company's "Inspire Your Soul" positioning.

The business model is a one-time-sale real estate developer generating revenue through direct unit sales to end-buyers, supported by flexible installment payment plans such as the 40/60 structure offered on VOLNA. Distribution combines a direct sales team handling inquiries through a dedicated phone line (+971 800KRD) and email ([email protected]) with strategic channel partnerships, including Octa Real Estate (exclusive distributor for ONDA) and Evolutions (co-development partner across multiple projects, including VOLNA). The target customer base spans three named segments: high-net-worth individuals seeking premium lifestyle residences, expatriate families pursuing long-term Dubai settlement, and real estate investors pursuing buy-to-let rental yields and capital appreciation. Marketing is conducted via project microsites, a corporate website, social media, and PR coverage in regional business outlets including Arabian Business, Zawya Projects, and Khaleej Times.

Name

Kasco Developments

Legal name

KASCO Developments

Website

https://kascodevelopments.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

KASCO Developments is a Dubai-based residential real estate developer launched in 2024 by KASCO Group, building wellness-centric, smart-home-equipped apartment projects in Business Bay and Al Jaddaf targeting HNWIs, expatriate families, and real estate investors.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Real Estate and Rental and Leasing (53), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro industry

PRIMARYIMAFABAB

Multi-Family Residential Construction (Apartments, Condos, Townhomes)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Residential Building Construction

SECONDARYBPAJAAAB

New Construction & Builder Sales

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Real Estate Brokerage

Keywords

• Residential property development
• Luxury apartments Dubai
• Waterfront real estate
• Wellness-centric residences
• Premium real estate projects

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Others

Revenue model

1. Residential Property Sales: KASCO Developments generates revenue through the sale of residential units including studios, one-bedroom, two-bedroom, and three-bedroom apartments. The company has launched three projects (Onda, Val, Volna) with a combined initial investment of AED 1.2 billion, targeting to develop and sell 1 million square feet of residential space by 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

KASCO Developments develops, markets, and sells premium residential real estate projects in Dubai, UAE. The company currently offers three new residential developments — ONDA (348 residences in Business Bay), VAL (Al Jaddaf), and VOLNA (65 homes in Al Jaddaf Waterfront) — featuring wellness amenities such as fitness centres, spas with cold plunge and sauna, swimming pools, and coworking spaces. Properties are sold directly to end-user buyers and investors through the company's in-house sales team, dedicated project microsites, and channel partners such as Octa Real Estate.

Product overview

KASCO Developments is a real estate development company offering a portfolio of residential projects in Dubai. The current development portfolio includes three new projects: ONDA (Business Bay, 23-floor, 348 units), VAL (Al Jaddaf), and VOLNA (Al Jaddaf Waterfront, 11-floor, 65 units), with AED 1.2 billion initial investment targeting 1 million sq ft by 2025. The completed portfolio includes Gulf Oasis Hotel Apartments (2010), KASCO Tower (2012), KASCO Residence (2017), and Waves Tower (2021). All projects emphasize lifestyle, wellness, and quality living with amenities such as fitness centres, pools, spas, and coworking spaces.

Differentiator

Problem solved

Functional benefit

Brands

• Onda by KASCO: 23-floor residential project in Business Bay with 348 residences including studios, 1-bedroom, 2-bedroom, and 3-bedroom units with private pools on the top floor.
• Val by KASCO
• Volna by KASCO

Products and services

• ONDA By KASCO A 23-floor freehold residential community in Business Bay, Dubai, comprising 348 residences including 85 studios (from 449 sq ft), 190 one-bedroom units (from 848 sq ft), 69 two-bedroom units (from 1,246 sq ft), and 4 three-bedroom units (from 3,025 sq ft with private pools). Features wellness hubs, fitness facilities, gym, running track, spa with cold plunge and sauna, and indoor/outdoor swimming pools.
• VAL by KASCO A residential project located in Al Jaddaf, Dubai, part of KASCO's portfolio of lifestyle-focused residential developments targeting premium buyers.
• VOLNA By KASCO An 11-floor residential building in Al Jaddaf Waterfront featuring 65 meticulously designed homes including studios (up to 912 sq ft), one-bedroom apartments (up to 1,480 sq ft), two-bedroom apartments (up to 1,620 sq ft), and three-bedroom apartments (up to 3,407 sq ft). Amenities include fitness centre, swimming pool, Jacuzzi, sauna, coworking space, and sunbathing lounge. Handover expected in Q2 2026.

Quantifiable outcome

• Dubai property values expected to increase by 5-7% by 2025
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• EvolutionscoreStrategic or Co-development Partner · 6 February 2025Evolutions is a strategic development partner of KASCO Developments. Their partnership continues to grow with multiple projects, including VOLNA as their second joint project. Adham Younis, CEO of Evolutions, stated the partnership reflects shared commitment to delivering high-quality residences that enhance living experience and create valuable opportunities for buyers.
• Octa Real EstatecoreChannel Partner/ Reseller/ Distributor · 22 October 2024Octa Real Estate serves as the exclusive distributor for Onda By KASCO project. The partnership enables exclusive sales and marketing of the Onda project through Octa Real Estate's distribution network in Dubai.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kasco-developments

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Kasco Developments