Latest news with #KamdarDevelopments
Zawya
02-07-2025
- Business
- Zawya
Dubai's Kamdar Developments eyes Saudi Arabia in regional growth push
Dubai-based Kamdar Developments is exploring opportunities in the GCC real estate market, particularly Saudi Arabia, as it continues to prioritise high-end residential projects. 'We closely monitor progress in Saudi Arabia, particularly with the enormous potential of Vision 2030 and the Kingdom's gigaprojects,' Founder and Chairman Yousuf Kamdar told Zawya Projects. He added that the private developer is open to forming joint ventures and partnerships with Saudi companies. Construction is progressing as planned on the 105 Residences project in Jumeirah Village Circle (JVC), with completion expected in the first quarter of 2027, Kamdar said. Interview excerpts: What market factors compelled you to launch 105 Residences in Jumeirah Village Circle (JVC)? As a business, we have been investing in the UAE for 40 years. We have seen the incredible rise of Dubai, particularly driven by visionary leadership and welcoming policies that attract businesses and investment. Demand to live and work in Dubai has only risen in recent years, with safety and quality of life driving an influx of new residents. In line with our ambitions for the company, we want to strategically acquire assets in locations that show good market fundamentals. As a whole, Dubai ticks virtually every box. Looking at JVC specifically, it is a good location with a growing community, with attractive options for residents. There is an increasing number of dining, shopping, entertainment, leisure, and lifestyle destinations emerging, which is driving both investors and end-users to seek well-constructed and well-managed properties. Who is the project's architect? What is its USP in terms of design? The project's design and architecture were done by Arec. The main USP of the project can be summarised as 'attainable luxury' – a place that has all the finish quality of a premium property at an affordable price point. We have carefully considered what people require – from wellness and fitness areas to relaxation zones and functional amenities. What process did you follow to appoint Luxedesign as the contractor? When do you intend to deliver/hand over the project? Luxedesign (LDV) is managing all stages of construction along with Arec. Fundamentally, we believe in delivering projects on time. It's an important part of building long-term trust. 105 Residences is currently on track and targeting a first quarter of 2027 delivery and handover. When did you acquire the land for the project? Are you now seeing an increase in land prices in JVC? Firstly, there has been an uplift in the underlying value of the project. We acquired ownership of the land in 2023 and have carefully planned its development. What is the total cost of the project? How do you intend to fund the project? 105 Residences is fully funded by us. We do not require third-party investment to complete the project. What will be the sustainable elements of the project? Sustainability is a very important aspect of our projects. Eco-friendly materials that meet green building standards and energy-efficient HVAC systems tie in with Nakheel's (master developer) framework for JVC. Wherever possible, we will also work with local suppliers, knowing that transport and logistics incur a carbon cost. The design and positioning of the building have also been considered to maximise natural light balanced with solar reflective materials that lower heat absorption – in effect, reducing interior lighting and cooling costs. Have you seen tender prices rise due to the UAE's booming real estate sector? Tender prices have increased across the board. Specifically, costs for suppliers and contractors for in-demand elements, such as MEP and the provision of structural materials, have risen. We try to mitigate this by leveraging long-term relationships and utilising decades worth of market knowledge. Are you seeing an increase in construction costs in Dubai? Are you concerned about it? There has been an increase in construction costs, as well as volatility in pricing, due to regional and international supply chain disruptions. There are various aspects to managing this, including locking in fixed pricing for materials, shifting elements of projects forward or backward dependent on requirements, sensible budgeting and forecasting that includes contingency pricing, cost tracking to quickly identify any potential areas of overspending before it becomes an issue, and streamlined construction processes that minimise construction waste. From our perspective, our projects across JVC, Meydan, Jumeirah Golf Estates and Dubai Hills continue at full speed. What are the biggest challenges you see in the coming years and how are you planning to overcome them? The biggest concern at present is the escalation of hostilities in the region, which could impact the supply chain. There's also been some discussion of a market price correction – but our take on this is quite simple: is Dubai a popular place to live, and do we see that changing any time soon? The answer is a resounding yes: Dubai is the most popular place to live in the entire Middle East, and no, its popularity isn't going to diminish now or in the next hundred years. So, even if there are small cyclical dips, the overall trajectory and potential for capital appreciation in Dubai is upwards. How extensive is your project portfolio in the UAE? We are currently developing our flagship 105 Residences and multiple villa developments in Meydan, Jumeirah Golf Estates, and Dubai Hills. This includes a combination of public and private projects; therefore, we cannot disclose the overall development value of the portfolio. In addition to the UAE, the business continues to operate across the Middle East, Europe, and Africa, managing our existing property portfolio and a pipeline of developments. How much land bank do you own in the UAE? We have a substantial land bank in the UAE. We have long-held ambitions to diversify the portfolio to other emirates – we are actively evaluating opportunities across Abu Dhabi, Sharjah and Ras Al Khaimah as part of our expansion strategy. Are there plans to enter other markets in the Middle East? Currently, our focus remains on the UAE; however, other GCC markets are also of interest to us. Given our focus on the luxury development segment, we closely monitor progress in Saudi Arabia, particularly with the enormous potential of Vision 2030 and the Kingdom's gigaprojects. We remain open to joint ventures and partnerships with local Saudi businesses seeking an agile developer. What is your outlook on the real estate market in the UAE, particularly Dubai's off-plan market, for 2025 and 2026? For the most part, we will see continued momentum driven by investment. The population in the UAE continues to grow, driving demand for real estate. Overall, pricing trends are difficult to neatly categorise into one box, as the market is more nuanced. However, developments that are well-located, offer excellent amenities, and have accessible price points will be popular – we certainly see 105 Residences meeting these criteria. (Reporting by P Deol; Editing by Anoop Menon) (
Zawya
02-06-2025
- Business
- Zawya
Kamdar Developments breaks ground on 105 Residences in JVC
Dubai, United Arab Emirates – Kamdar Developments has broken ground on its flagship 105 Residences project in Dubai's Jumeirah Village Circle (JVC). The residential development will feature 105-units and is designed to provide buyers with luxury standards at an attainable price point. Residents will also benefit from a prime location in JVC, one of the most sought-after Dubai communities. The ceremonial groundbreaking was attended by Kamdar Developments founder and Chairman, Yousuf Kamdar, Directors Tazmeen Kamdar and Mahomed Kamdar, Luxedesign (LDV) CEO Santosh Shrestha, and Savills Middle East's Marc Tennant. Speaking at the occasion, Chairman Yousuf Kamdar said, 'We are delighted to break ground on our flagship 105 Residences project. This is an exciting moment for the business as we continue to invest and build in Dubai, one of the world's most exciting and innovative cities. 105 Residences will provide lasting quality and value for investors and homeowners, and we look forward to welcoming our first residents in early 2027.' Marc Tennant, Savills Middle East - Head of Exclusive Projects said, 'With great design and amenities, 105 Residences will set a new standard for residential living in JVC. Luxedesign (LDV) is also a contractor most commonly associated with very high-end villas, so investors and end-users can have confidence in a premium build quality across the project.' The groundbreaking follows the recent appointment of main contractor Luxedesign (LDV), who will oversee construction. The 105 Residences project benefits from Kamdar's four decades of real estate development experience across three continents, while Luxedesign (LDV) has constructed more than 100 luxury residential projects across the region. Designed by award-winning architects, 105 Residences includes premium studio, 1-bed and 2-bed apartments, plus a range of world-class amenities across podium and rooftop levels. Across the podium level, 105 Residences features an infinity pool, lounge deck, sports court and children's play area, while there is also a spacious indoor gym and fitness studio. On the rooftop overlooking the stunning Dubai skyline, is an open-air cinema, yoga area, and social zone with barbecue station. Residences are from AED 640,000 with 60/40 two-year post-handover payment plans available. Completion is expected in early 2027. For more information about Kamdar Developments and to discover 105 Residences, please visit or visit the new Kamdar Developments sales centre in Al Quoz, Dubai. About Kamdar Property Development Kamdar Property Development is a Dubai-headquartered, family-run real estate developer and investment company, committed to delivering quality properties that enhance the urban fabric of the United Arab Emirates. With a heritage and track record dating back nearly four decades, Kamdar pursues excellence in every project, reliably delivering high-quality developments on time. Kamdar – Quality you can trust For media enquiries, contact: Jonathan Ivan-Duke Partner, duke+mir jon@
Zawya
07-05-2025
- Business
- Zawya
Dubai's Kamdar Developments appoints contractor for JVC residential tower
Dubai-based Kamdar Developments has appointed Luxedesign (LDV) as the general contractor for 105 Residences in Jumeirah Village Circle (JVC). The project is expected to be completed in early 2027, the developer said in a statement. No financial details were disclosed. Luxedesign has constructed more than 100 luxury residential projects to date. The tower includes 105 units, divided into studio, one- and two-bed apartments, with facilities such as rooftop cinema, temperature-controlled swimming pool, gym, sports court and children's play areas. LDV is also working on Kamdar Developments' luxury villa series in Meydan. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
27-03-2025
- Business
- Zawya
Kamdar Developments expands with new offices and strategic plan to acquire multiple land plots in Dubai
Dubai, United Arab Emirates – Kamdar Developments has announced the opening of a new head office in Dubai as part of its corporate expansion. The new office features practical workspaces, a state-of-the-art experience centre to introduce guests and partners to the heritage and vision of the company, and a sales suite for its current and upcoming real estate development projects. The longstanding developer recently launched 105 Residences by Kamdar in Jumeirah Village Circle (JVC) and has earmarked a significant land acquisition plan to acquire multiple residential, commercial and mixed-use plots over the next three years. The company also recently broke ground on a new luxury residential project in Meydan District 1. The limited-edition villas offer lush, landscaped gardens, private pools, rooftop terraces and expansive interiors. Additionally, the firm is working on bespoke real estate projects in Jumeirah Golf Estates and Dubai Hills. To support its current and upcoming projects, Kamdar Developments has set a target to grow its internal team over the next 12 months. However, its leadership team is keen to retain the family ethos which has been at the heart of its success over the past four decades. Tazmeen Kamdar, Director at Kamdar Developments said, 'We have set ambitious goals to expand the business and hiring additional team members is a crucial part of that. Many of our senior leaders have worked with us for more than 20 years and as a family business, we are keen to hold on to that tight-knit culture as we grow. It's a very exciting time for real estate in the UAE and we are committed to adding value to communities through our projects.' For 20 years, Kamdar Developments has held offices in Bur Dubai, with the business now relocating and expanding to its new purpose-designed space in Al Quoz Logistics Park. Adding to its in-house capabilities, Kamdar has partnered with trusted real estate advisory Savills Middle East across its 105 Residences project. For more information about roles at Kamdar Developments please visit and to discover 105 Residences by Kamdar, visit the new Kamdar Developments experience centre and sales suite in Al Quoz Logistics Park, or contact Savills. About Kamdar Property Development Kamdar Property Development is a Dubai-headquartered, family-run real estate developer and investment company, committed to delivering quality properties that enhance the urban fabric of the United Arab Emirates. With a heritage and track record dating back nearly four decades, Kamdar pursues excellence in every project, reliably delivering high-quality developments on time. Kamdar – Quality you can trust For media enquiries, contact: Jonathan Ivan-Duke Partner, duke+mir jon@
Khaleej Times
14-02-2025
- Business
- Khaleej Times
Celebrating 20 Years of JVC - why it's never been more popular
Kamdar Developments has been investing in Dubai over the last four decades, under the steadfast vision of founder and chairman Yousuf Kamdar. The business has invested in and developed projects across the Middle East, Europe and Africa, and believes that Dubai is a key global city on the real estate map. The developer recently launched 105 Residences in JVC, a community which will be popular over the short term and long into the future. Investment strength in JVC Since 2005, Jumeirah Village Circle – commonly known as JVC – has been a popular location of choice for Dubai residents. It's home to a diverse community of single professionals, couples, and families brought together in a sprawling urban landscape punctuated with lush green spaces. 20 years on, JVC is more sought-after than ever, thanks to its continued evolution that is now home to some of the Emirate's most creative property development projects. Talk of oversaturation in the overall Dubai real estate market belies the truth, which is that JVC has seen a sharp increase in purchases from savvy investors over the last 12 months, with Savills data showing a 12% increase in sales and price growth of 11% year-on-year. This is driven by end users looking for an attractive place to live, and investors who see the long-term capital appreciation potential and rock-solid rental yields – average rents increased by 7.79% last year too. Under the watchful eye of master developer Nakheel and adhering to their high standards for sustainability, JVC only accepts the very best development projects. This has created a consistent flow of new properties to meet the demand of potential homeowners. Our team recently launched 105 Residences in JVC, as we can see the strong current demand and long term potential of the area. But what's the secret to JVC's prolonged success, and what are clued-up investors looking for and finding in this community? Here are some of the reasons why one of Dubai's most established communities has become the place to be in 2025 and beyond. A highly connected community JVC feels like an oasis in the desert. Inspired by Mediterranean locales and with more than 30 expansive landscaped green spaces, the community creates a sense of serenity that feels a million miles from Dubai's fast pace. Thankfully, its location is also incredibly convenient for those who commute to work in places such as the Dubai Financial District, Jumeirah Lake Towers, Dubai Marina, and more. This makes it a hit with professionals who enjoy the speedy connections to their offices. Once residents finish their busy days at work, JVC offers a relaxing environment to rest and recharge. A diverse day and nighttime scene There are excellent cafes, restaurants and bars all within the JVC locale. Popular hotel brands, such as the FIVE JVC, attract tourists and residents alike. Plus, there is the world-class Circle Mall, with grocery and retail stores, a range of food and drink options for the whole family and live rooftop music venues. From popular fast food and coffee chains, to gyms, wellness facilities and co-working spaces, JVC has all you need. Established education One of the most essential aspects for families is the close proximity of schools and nurseries for their little ones. There are nurseries such as Ladybird, Green Roots and Chubby Cheeks. For older kids, JSS International is located in the community and there are a number of highly-rated KHDA schools within a ten-minute drive such as Gems Founders, Brighton College, and the Dubai Heights Academy, ensuring that children can go from kindergarten to secondary school without having to travel long distances or switch schools every few years. Nakheel's seal of approval All property developments within JVC must adhere to Nakheel's strict rules and guidance. This applies to all property types and ensures that every project uses sustainable materials and practices. This means that purchasers can rest assured that everything is built to last. While this may seem like 'a given' for any community, with Nakheel's oversight, there's the added guarantee that houses and apartments are of such a high standard that they can be passed down through generations. Still highly affordable Most importantly, JVC is one of the most affordable areas in Dubai compared to similar communities. At the time of writing, prices within our development 105 Residences start from just AED 640,000, while the average property price in JVC is a very attractive AED 922,000. You'll struggle to find another location in Dubai that offers this type of value for money. And when you consider how well-connected it is to workplaces, schools, sports facilities and more, the appeal of JVC living is clear. There are always going to be differences of opinion about real estate, but through generational experience at Kamdar Developments, we are highly confident that JVC will not only continue to be popular in 2025 but thrive as a community over its next 20-year chapter.
