Sankari Properties Development Co.

What Sankari Properties Development Co. does

Sankari Properties Development Co. L.L.C. is a Dubai-based luxury real estate developer incorporated in 2023 as a subsidiary of Sankari Investment Group, the UAE family conglomerate founded in 1983 by Dr. Abdulkader Sankari and best known through Paris Group's 300+ global luxury fashion and retail stores. The company's sole operational project is One Sankari (also branded Regent Residences Dubai Sankari Place), a $1 billion twin-tower ultra-luxury development at Marasi Marina, Business Bay, comprising 63 full-floor residences and 10 water villas, with units priced from $10 million and sizes starting at 604 square meters, targeted for completion in Q4 2027.

The product is positioned as a premium lifestyle asset rather than a conventional residential tower. Architecture is by Foster + Partners, interiors are by Portia Fox and YODEZEEN, and the development pursues WELL certified and LEED Gold sustainability credentials. On-site amenities span a 25m indoor lap pool, fitness center, yoga studio, golf simulator, cinema, private dining, cigar lounge, wine storage, padel/tennis courts, and a health spa, while services are layered with Regent/IHG-branded hospitality (concierge, valet, 24-hour security, housekeeping, private dining) plus wellness offerings including nutritionists and personal trainers.

Sankari Properties operates an enterprise field-sales model targeting ultra-high-net-worth individuals directly, anchored by a physical Sales Gallery at Marasi Marina, Business Bay, supported by premium digital marketing (website, Instagram, LinkedIn, YouTube) and PR coverage in regional outlets such as Arabian Business and Gulf Business. The revenue model is one-time unit sales of full-floor perpetual-license residences rather than recurring subscriptions; pricing is quote-based and not publicly disclosed. Leadership comprises Chairman Mohammed Sankari (son of the founder, joined the family business at 18) and CEO Mark Phoenix (appointed 2023, 30+ years of experience including prior executive roles at Omniyat and Emaar). No external funding rounds or institutional investors have been disclosed, and capital appears to derive from the Sankari family enterprise.

Name

Sankari Properties Development Co.

Legal name

Sankari Properties Development Co. L.L.C.

Website

https://sankariproperties.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Sankari Properties Development Co. is a Dubai-based luxury real estate developer (founded 2023) and subsidiary of Sankari Investment Group, building the $1 billion One Sankari ultra-luxury twin-tower project with 63 full-floor residences priced from $10 million, targeted at ultra-high-net-worth individuals.

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

akta.pro secondary industry

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

Keywords

• Luxury real estate development
• Ultra-luxury residential properties
• Branded residences
• High-end property development
• Premium residential towers

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

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

Revenue model

1. Luxury Residential Property Sales: Sankari Properties generates revenue through the sale of ultra-luxury residential units. The flagship project One Sankari (Regent Residences Dubai Sankari Place) comprises twin residential towers with 63 full-floor residences (3-5 bedrooms) starting at 604 sqm, with prices starting from $10 million. The $1 billion development at Marasi Marina in Business Bay is scheduled for completion in Q4 2027.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Sankari Properties Development Co. is a Dubai-based luxury real estate developer that designs, markets, and sells ultra-premium residential properties. Its flagship development is the $1 billion Regent Residences Dubai Sankari Place (also branded as One Sankari) at Marasi Marina, Business Bay — twin residential towers comprising 63 full-floor residences (3–5 bedrooms, starting at 604 sqm) with prices starting at $10 million, plus 10 water villas. The company sells directly to ultra-high-net-worth individuals through a dedicated Sales Gallery and bespoke sales engagements.

Product overview

Sankari Properties Development Co. is a luxury real estate developer specializing in ultra-premium residential developments in Dubai. The company operates two flagship projects: One Sankari (twin residential towers with 63 full-floor residences in Business Bay) and Regent Residences Dubai Sankari Place (waterfront development with 63 residences and 10 water villas). Both projects feature architecture by Foster + Partners and interior design by Portia Fox and YODEZEEN, with prices starting at $10 million for residences starting at 604 square meters. The company targets ultra-high-net-worth individuals seeking luxury living experiences with premium amenities and hospitality services.

Differentiator

Problem solved

Functional benefit

Brands

• Regent Residences Dubai Sankari Place: Ultra-luxury residential development featuring 63 full-floor residences and 10 water villas, developed in partnership with Regent Hotels and IHG. Architecture by Foster + Partners, interior design by Portia Fox and YODEZEEN. Located at Marasi Marina, Business Bay, Dubai.
• One Sankari

Products and services

• Regent Residences Dubai Sankari Place (One Sankari) Ultra-luxury waterfront residential development comprising 63 full-floor residences (3–5 bedrooms, each starting at 604 sqm) and 10 exclusive water villas at Marasi Marina, Business Bay, Dubai. Designed by Foster + Partners with interiors by Portia Fox and YODEZEEN, branded under the Regent (IHG) license. Targets ultra-high-net-worth individuals seeking bespoke living with wellness amenities, concierge, valet, and 24-hour security. Prices start at $10 million.

Quantifiable outcome

• 63 full-floor residences at One Sankari with prices starting at $10 million
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Foster + PartnerscoreStrategic or Co-development PartnerFoster + Partners serves as the architecture partner for One Sankari. The global studio, founded in 1967 by Norman Foster, brings visionary sustainable architecture and innovative design to the project, integrating architecture with structural and environmental engineering to redefine Dubai's urban experience.
• Portia FoxcoreStrategic or Co-development PartnerPortia Fox Design provides bespoke interior design services for One Sankari, crafting luxurious and innovative spaces that reflect sophistication, elegance, and unparalleled craftsmanship for exclusive residences.
• YODEZEENcoreStrategic or Co-development PartnerYODEZEEN is an acclaimed architecture and design studio with over 150 specialists across offices in London, Warsaw, Kyiv, Milan, Dubai, Miami, and Los Angeles. The studio provides innovative and unconventional architectural solutions, pushing boundaries of contemporary architecture and design for Sankari Properties.
• Regent (InterContinental Hotels Group)coreStrategic or Co-development PartnerRegent Residences Dubai Sankari Place is a branded residence project using the Regent name and trademarks under a limited license from IHG. The partnership provides luxury hospitality services including Regent Guest Experienced Agents, concierge, valet, and other high-standard services. Note: Marina Sky Villa Downtown LLC uses the Regent name under license from IHG.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Meraas: Dubai developer behind Bulgari Residences, Bvlgari Resort, and City Walk residences. Directly comparable in pairing global luxury hospitality/design brands (Bulgari) with ultra-luxury waterfront residential in Dubai.
• Binghatti Developers: Dubai developer with branded residences (Bugatti, Mercedes-Benz, Jacob & Co.). Comparable ultra-luxury branded-residence model and price-point targeting global UHNWI buyers in Dubai.
• Select Group: Dubai-based developer of ultra-luxury branded residences including The Edit by SHA Wellness and Jumeirah Living. Directly comparable in pursuing wellness and branded-residence concepts targeting UHNWI buyers.
• DAMAC Properties: One of Dubai's largest luxury developers, notable for branded residences with Trump, Cavalli, de Grisogono, and Versace. Directly comparable to Sankari's Regent-branded, design-partnered approach to ultra-luxury full-floor residences.
• Omniyat: Dubai-based ultra-luxury developer behind One Palm, The Opus, and Orla Infinity. Sankari's CEO Mark Phoenix previously served as CEO here, making it the closest analogue in product positioning (full-floor, design-led branded residences) and leadership lineage.
• Dar Global: London-listed luxury developer with major Dubai pipeline including Ayla (on The World Islands) and Trump-branded projects. Comparable ultra-luxury branded-residence positioning targeting international HNW buyers in the Gulf.

Broad incumbents

• Emaar Properties: Dubai's largest master developer (Burj Khalifa, Downtown Dubai, Address branded residences). Sankari's CEO Mark Phoenix previously served as CEO. A broad incumbent with overlapping ultra-luxury and branded-residence offerings, but operating across the entire price spectrum.
• Aldar Properties: Abu Dhabi-headquartered developer with growing Dubai presence, including ultra-luxury branded residences on Yas Island and Saadiyat. Comparable ultra-luxury product mix with expanding Gulf footprint.
• Nakheel: Masters of Palm Jumeirah and other waterfront Dubai landmark developments. Comparable waterfront/luxury positioning and major-project development capability in Dubai's ultra-premium segment.

Regional players

• H&H Development (Habtoor Group): Dubai-based developer behind ultra-luxury projects including the Habtoor Palace and Al Habtoor Grand residences. Comparable ultra-premium Dubai positioning with hospitality-adjacent branding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@SankariProperties
• LinkedInlinkedin.com/company/sankari-properties
• Instagraminstagram.com/sankari.properties
• Xx.com/SankariProperty
• Facebookfacebook.com/sankariproperties

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 Sankari Properties Development Co.