Latest news with #VincitoreRealty
Zawya
11-08-2025
- Business
- Zawya
Vincitore Realty banks on Dubai property boom, plans GCC push
Dubai continues to cement its position as a global city with one of the world's most attractive investment returns, Veer Doshi, Managing Director & CEO, Vincitore Realty, told Zawya Projects. 'The off-plan segment is not just resilient - it is becoming the preferred entry point for both first-time buyers and global investors seeking exposure to Dubai's long-term growth story,' he stated. The developer has awarded Luxridge Building Contracting a 2 billion UAE dirhams ($544.51 million) contract to develop two projects each in Arjan and Dubai Science Park. 'We are committed to delivering the project in strategic phases starting 2026, with an estimated 1 million square feet of completed development delivered every year,' Doshi said. Although the immediate focus remains on Dubai, the developer is exploring opportunities in high-growth markets across the wider UAE and the GCC, which includes Ajman, Umm Al Quwain, and Oman. Interview excerpts: What projects will Luxridge Building Construction develop as part of the AED 2 billion contract? As part of the AED 2 billion strategic alliance, Luxridge Building Contracting has been entrusted with the full-scale construction and execution of Vincitore's upcoming developments - Vincitore Dolce Vita (Arjan), Vincitore Volare (Arjan), Vincitore Aqua Dimore (Dubai Science Park ), and Vincitore Aqua Flora ( Dubai Science Park). These designer projects include a series of boutique residences, lifestyle-driven retail spaces, and experiential environments designed to reflect Vincitore's signature blend of European architecture, innovation, and wellness. Have all the projects that Luxridge will build been launched? Yes, all projects under the Luxridge portfolio have been successfully launched and are completely sold out. Construction is in full swing across all developments, progressing at a robust pace. Why did you choose to go with a single contractor for your projects? Luxridge Building Contracting, as a strategic partner, shares our long-term vision for timeless construction and legacy-driven development. By aligning with Luxridge, we ensure a seamless synergy between design, vision, and execution - powered by their proven expertise, advanced technology, and a track record of delivering high-end projects across the GCC and MENA region. This partnership enables us to exercise complete control over quality, safety, and timelines, without compromise. Our decision to entrust the AED 2 billion contract to Luxridge is rooted in our core philosophy to uphold precision, consistency, and uncompromised quality in every square foot we deliver. More than a business decision, this is a strategic alliance built on trust, transparency, and a shared mission to redefine boutique luxury in the UAE and set new benchmarks for the region. Moreover, this integrated approach eliminates dependency on external contractors, enabling us to fast-track development while upholding the signature craftsmanship and attention to detail that define the Vincitore brand. an you share the number of apartments, villas, and townhouses in the project planned? Across our portfolio of seven residential projects, Vincitore has delivered a total of 3,367 designer apartments. We are now expanding our vision with our first-ever commercial development — a concept currently in the design phase, set to redefine commercial spaces in Dubai. In addition, we have a curated collection of 100 premium villa plots that are part of our upcoming development pipeline. How do you intend to fund these projects? The total investment in these projects is being fully financed through internal accruals and dedicated escrow accounts, in line with RERA guidelines. When did you acquire the land for projects? Are you now seeing an increase in land prices in Arjan? We began acquiring land in Arjan between 2013 and 2021, strategically securing prime plots early in the area's development cycle. Since then, we've seen land prices appreciate by at least 5 times, validating our long-term vision for Arjan as a thriving residential and investment destination. What is the tendering timeline (issue and awarding of the tender) for your projects? The enabling package will be tendered and awarded within 30 days, while the main contract will follow a 60-day tendering and finalisation cycle. We follow a fast-track execution strategy with strict governance protocols to ensure timely mobilisation and efficient construction workflows. How much landbank do you own in the UAE? Vincitore currently holds a landbank exceeding 4 million square feet across Dubai and the UAE. We are actively expanding our footprint in strategic emerging zones across the country, including Ajman, Umm Al Quwain, and Oman, with a focus on unlocking new development potential in line with our wellness and design-driven ethos. Are there any plans to enter other emirates and markets in the Middle East? Our primary focus remains on delivering unparalleled quality and innovation within Dubai's booming real estate market, where we continue to see tremendous opportunity and growth potential. That said, as a forward-thinking designer developer, we are also closely evaluating high-potential markets across the wider UAE and GCC region, including Ajman, Umm Al Quwain, and Oman. Our strategy is to evaluate new markets carefully and enter when the timing aligns with our commitment to excellence and long-term value creation for our clients and stakeholders. What is your outlook on the off-plan real estate market in the UAE, particularly Dubai, over the next two years? The off-plan real estate market in Dubai is poised for continued momentum over the next two years, underpinned by strong fundamentals and progressive government policies like the first-time buyer programme. As we observe, the demand is increasingly end-user driven, supported by rising population forecasts, investor-friendly regulations, and a maturing buyer base seeking quality, value, and long-term returns. In an environment where capital preservation and wealth creation are top priorities, off-plan properties offer a strategic advantage, enabling investors to enter early at competitive pricing, benefit from flexible payment structures, and capitalise on capital appreciation through project cycles. This is particularly relevant as Dubai cements its position as a global city with one of the highest return on investment (ROI) potentials in the world. The off-plan segment is not just resilient - it is becoming the preferred entry point for both first-time buyers and global investors seeking exposure to Dubai's long-term growth story. (Reporting by P Deol; Editing by Anoop Menon) (
Yahoo
15-07-2025
- Business
- Yahoo
Vincitore awards $544m contract to Luxridge for real-estate projects in Dubai
Vincitore Realty, a designer and developer in the United Arab Emirates, has awarded a Dh2bn ($544m) contract to Luxridge Building Construction to execute its latest collection of luxury real-estate projects in Dubai, according to a report by TradeArabia. This strategic partnership highlights Vincitore Realty's strategy to collaborate with reputable, quality-focused contractors, according to the company. By selecting Luxridge, Vincitore aims to strengthen investor trust in anticipation of several high-profile project launches. Vincitore Realty founder and chair Vijay Doshi said: "Vincitore Realty is committed to crafting more than just architectural icons; we're building trust, value, and enduring legacies. This Dh2bn partnership with Luxridge represents our unwavering commitment to executional excellence. "Together, we are shaping the future of luxury living in Dubai - landmarks that will inspire generations and stand the test of time.' Luxridge brings extensive regional expertise and an engineering approach tailored to Dubai's urban landscape. Its proprietary CORE Quality Framework ensures adherence to global standards, from planning to completion, aligning with Vincitore's vision of delivering lifestyle-centric developments, according to Doshi. The contract not only solidifies Luxridge's position as a partner for premium projects but also signals a broader industry shift towards prioritising reliability and transparency over scale. Furthermore, the collaboration cements Dubai's status as a hub for design-driven, investor-secure real estate, where partnerships yield both economic benefits and architectural excellence, the report stated. Luxridge Building Construction COO Pankaj Sharma said: "This partnership reflects the trust we've earned through precision, accountability, and unwavering quality. 'Backed by proven processes and a committed team, we are proud to be awarded these landmark projects and are looking forward to delivering them with the highest standards, reinforcing Dubai's global reputation for excellence." "Vincitore awards $544m contract to Luxridge for real-estate projects in Dubai" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Zawya
15-07-2025
- Business
- Zawya
Luxridge secures $544mln Vincitore Realty project contracts
Vincitore Realty, a leading boutique designer developer in UAE, has announced that it has awarded a landmark AED2 billion ($544 million) contract to Luxridge Building Construction for delivering its latest wave of luxury real estate projects in Dubai. The decision underscores its commitment to partnering with trusted, quality-driven contractors to ensure precision execution across every stage of development, said a statement from Vincitore Realty. By appointing Luxridge – a company known for its meticulous delivery standards – the developer aims to reinforce buyer confidence ahead of a series of high-profile launches. "Vincitore Realty is committed to crafting more than just architectural icons; we're building trust, value, and enduring legacies. This AED2 billion partnership with Luxridge represents our unwavering commitment to executional excellence," remarked Vijay Doshi, the Founder & Chairman of Vincitore Realty. "Together, we are shaping the future of luxury living in Dubai—landmarks that will inspire generations and stand the test of time," he stated. With a reputation built on performance, Luxridge brings to the table deep regional knowledge and a rigorous engineering model tailored for Dubai's evolving urban fabric. Its proprietary CORE Quality Framework ensures global standards are met – from planning through to final handover – supporting Vincitore's vision of creating exceptional lifestyle driven developments, he added. On the key contract win, Pankaj Sharma, the COO of Luxridge Building Construction, said: "This partnership reflects the trust we've earned through precision, accountability, and unwavering quality. Backed by proven processes and a committed team, we are proud to be awarded these landmark projects and are looking forward to delivering them with the highest standards, reinforcing Dubai's global reputation for excellence." While the contract further validates Luxridge as a dependable construction partner for high-end projects, it also reflects a growing trend among developers to prioritise reliability and transparency over volume alone. The collaboration reinforces Dubai's position as a capital of design-led, investor-resilient real estate, where thoughtful partnerships deliver both economic value and architectural distinction. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
ME Construction
04-07-2025
- Business
- ME Construction
Vincitore Realty awards contract to Luxridge Building Construction
Vincitore Realty has awarded a US $544.5mn contract to Luxridge Building Construction. The partnership marks Vincitore Realty's commitment to collaborating with trusted, quality-driven contractors to ensure precise execution throughout the development process, said a statement from the firm. By selecting Luxridge, a company renowned for its delivery standards, Vincitore Realty aims to bolster buyer confidence ahead of a series of highly anticipated launches, it added. V'incitore Realty is committed to crafting more than just architectural icons; we're building trust, value, and enduring legacies. This partnership with Luxridge represents our unwavering commitment to executional excellence. Together, we are shaping the future of luxury living in Dubai landmarks that will inspire generations and stand the test of time,' said Vijay Doshi, Founder & Chairman of Vincitore Realty.
Khaleej Times
03-07-2025
- Business
- Khaleej Times
Vincitore Realty awards landmark contract to Luxridge to shape Dubai's next icons
In a bold strategic move, Vincitore Realty has awarded a landmark Dh2 billion contract to Luxridge Building Construction to deliver its latest wave of luxury real estate projects. The decision underscores Vincitore Realty's commitment to partnering with trusted, quality-driven contractors to ensure precision execution across every stage of development. By appointing Luxridge – a company known for its meticulous delivery standards – the developer aims to reinforce buyer confidence ahead of a series of high-profile launches. 'Vincitore Realty is committed to crafting more than just architectural icons; we're building trust, value, and enduring legacies. This Dh2 billion partnership with Luxridge represents our unwavering commitment to executional excellence. Together, we are shaping the future of luxury living in Dubai - landmarks that will inspire generations and stand the test of time,' said Vijay Doshi, founder and chairman of Vincitore Realty. With a reputation built on performance, Luxridge brings to the table deep regional knowledge and a rigorous engineering model tailored for Dubai's evolving urban fabric. Its proprietary CORE Quality Framework ensures global standards are met – from planning through to final handover – supporting Vincitore's vision of creating exceptional lifestyle driven developments. Pankaj Sharma, COO of Luxridge Building Construction, also commented: 'This partnership reflects the trust we've earned through precision, accountability, and unwavering quality. Backed by proven processes and a committed team, we are proud to be awarded these landmark projects and are looking forward to delivering them with the highest standards, reinforcing Dubai's global reputation for excellence.' While the contract further validates Luxridge as a dependable construction partner for high-end projects, it also reflects a growing trend among developers to prioritise reliability and transparency over volume alone. The collaboration reinforces Dubai's position as a capital of design-led, investor-resilient real estate, where thoughtful partnerships deliver both economic value and architectural distinction.
