SYNOPSIS: Sunteck Realty is entering the UAE with AED 15 billion projects, starting with a Downtown Dubai development featuring branded residences. The expansion aligns with UAE Vision 2031, supported by global partners and planned land acquisitions.
During Tuesday’s trading session, shares of one of India’s leading Luxury real‐estate developers are in focus on the stock exchanges, following the company’s plans to enter the Dubai market with projects worth Rs 36,000 crores.
At 11:01 a.m., shares of Sunteck Realty Limited were trading in green at Rs. 419.45 on BSE, up by around 1 percent, compared to its previous closing price of Rs. 417.3, with a market cap of Rs. 6,144 crores. The stock has delivered negative returns of over 19 percent in one year, and has fallen by nearly 1 percent in the last one month.
What’s the News:
According to a few sources, Sunteck Realty Limited is planning to enter the UAE property market with projects valued at AED 15 billion (around Rs 36,600 crore) over the next three years. The company has established an international arm, Sunteck International, to spearhead its UAE expansion and oversee all related functions, including development, partnerships, and land acquisitions.
Sunteck has already acquired a plot in Downtown Dubai with an estimated gross development value of AED 5 billion (about Rs 12,200 crore). Commenting on the company’s choice of market, Chairman and Managing Director Kamal Khetan said that among global luxury capitals such as New York, London, Miami, and Singapore, Dubai emerged as the ideal location for Sunteck’s international debut, as per sources.
He noted that the city’s consistent growth in luxury real estate, coupled with investor-friendly policies, global connectivity, strong infrastructure, tax efficiency, and a high concentration of ultra-high-net-worth individuals, has positioned Dubai as one of the world’s most future-ready luxury markets.
Sunteck Realty is positioning itself to address the growing demand in the UAE’s luxury real estate segment. The company stated that its upcoming Downtown Dubai project will feature branded residences developed in collaboration with a global hospitality operator. For this development, Sunteck International has appointed MAS as its development partner, JTP to lead the architectural design, and HBA London to oversee interior design.
The company added that its UAE expansion is aligned with the UAE Vision 2031 and the Dubai 2040 Urban Plan. To support this strategy, Sunteck has established a UAE-compliant structure that includes local partnerships, advisory collaborations, and the recruitment of local talent. It is also evaluating additional land acquisitions, which may be undertaken in the next financial year.
Financials & More:
Sunteck Realty reported a significant growth in revenue from operations, experiencing a year-on-year increase of more than 49 percent, from Rs. 169 crores in Q2 FY25 to Rs. 252 crores in Q2 FY26.
Likewise, the company’s net profit increased during the same period from Rs. 35 crores to Rs. 49 crores, representing a rise of nearly 40 percent YoY.
In Q2 FY26, Sunteck Realty reported pre-sales of around Rs. 702 crore, reflecting a 34 percent year-on-year increase, while collections remained robust at around Rs. 331 crore, up 24 percent YoY.
Sunteck Realty Limited is primarily engaged in the business of only one segment viz., real estate construction/real estate development, and incidental services. It is also expanding its annuity income portfolio, which now generates rental income exceeding Rs. 300 crore annually and contributes to capital value creation estimated at up to Rs. 5,000 crores.
Written by Shivani Singh
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