Based in Dubai With the opening of three new projects in the Business Bay and Al Jaddaf areas valued at over AED1.2 billion ($327 million), Kasco Developments, the newest endeavor of the well-known Kasco Group, has formally announced its entry into the UAE real estate market. By 2025, the company wants to build and market one million square feet of residential projects.
The Kasco Group, which entered the real estate market in 2008, has completed several projects with success, including Waves Tower by Kasco, Kasco Residence, Kasco Tower, and Gulf Oasis.
Expanding upon the group’s extensive history in a variety of industries, Kasco Developments seeks to innovate and produce high-end, lifestyle-focused residential environments.
Initially, the company plans to invest more than AED 1.2 billion and concentrate on initiating, marketing, and completing its first three projects. The new company is especially interested in Business Bay and Al Jaddaf in Dubai.
The Kasco Group’s thirty years of project execution, financial management, and strategic planning experience are tapped into by the new venture.
The chairman of Kasco Developments, Mustafa Al Kaissi, stated that the company prioritizes the well-being of its clients and an inspiring living environment to set itself apart in Dubai’s rapidly growing market.
“Our group’s philosophy, captured by the slogan Inspire Your Soul, goes beyond traditional opulence, blending design, functionality, and an inspiring atmosphere,” he noted.
CEO Issa Abdul Rahman said: “We plan to create spaces that inspire and elevate lifestyles. This is not just about luxury but about crafting homes where design, energy, and quality align to offer a unique living experience. We are bringing the values of professionalism, reliability, and premium quality that have always been at the heart of the Kasco Group to our new real estate ventures.”
“With a vision to develop and sell 1 million square feet of residential projects by 2025, the company plans to introduce more forward-thinking real estate concepts, incorporating modern design trends and technology to set new benchmarks in the industry,” he added.