Sugee Group launches maiden UAE project in Al Marjan Island, Ras Al Khaimah
The UAE stands as one of the world’s most dynamic markets for the luxury sector, particularly in real estate and experiential domains. The demand for high-end residential developments in both Dubai and Ras Al Khaimah continues to surge, fueled by the nation’s strong economic landscape, investor-friendly policies, and an influx of high-net-worth individuals—ranking as the highest globally, according to Kearney’s latest Global Luxury Report.
Ras Al Khaimah is emerging as a premier destination for luxury waterfront living, supported by the strategic vision of RAK and Marjan. Meanwhile, Dubai maintains its status as a leading global hub for upscale real estate investments. With promising opportunities in both markets, developers are confident that their projects will attract discerning buyers and investors alike.
“The forward-thinking leadership of the UAE has ensured the continued growth of its real estate sector, driven by economic diversification, strong investor demand, and ongoing infrastructure advancements. Long-term residency initiatives and rising foreign investments further support this expansion,” said Nishant Deshmukh, Founder & Managing Partner of Sugee Group.
Over the next five years, Sugee Group anticipates sustained demand for premium residential and commercial projects, with luxury property transactions expected to rise significantly.
Exclusive Insights from Sugee Group:
With a strong presence in Mumbai and Lisbon, what inspired your entry into the UAE market?
Sugee Group’s decision to expand into the UAE aligns with the country’s thriving real estate sector, business-friendly environment, and increasing appetite for luxury developments. Following two years of in-depth market research, we identified this as the ideal time for entry.
Ras Al Khaimah and Dubai offer immense potential for developers specializing in high-quality, design-focused projects. With our extensive experience in Mumbai and Lisbon, we are confident that our expertise in delivering premium properties aligns with the UAE’s evolving real estate landscape. Additionally, the UAE’s visionary leadership and robust infrastructure growth further reinforce our decision to establish a strong presence here.
What level of investment are you planning for this market?
Our objective is to establish a long-term presence in the UAE by introducing a distinctive real estate portfolio. Over the next three years, Sugee Group has committed to developing over 15 million square feet of real estate in the country. Our flagship projects in Ras Al Khaimah will add more than 10,000 residential and commercial units to the market. Our initial investment includes acquiring prime land on Marjan Island and RAK Central, marking the start of a long-term commitment. Further investments in Dubai will be announced soon.
What key milestones define this ambitious expansion?
The first milestone will be the launch of our flagship development on Al Marjan Island, Ras Al Khaimah, which will be officially unveiled within the next 60 days. This will be followed by a second project at RAK Central. In addition, we are in the final stages of selecting prime locations in Dubai for upcoming residential and mixed-use projects.
Could you share details about your first project in Al Marjan, Ras Al Khaimah?
Our inaugural project on Al Marjan Island is a luxury residential development designed to offer a resort-style lifestyle with waterfront views and top-tier amenities. It will cater to an international audience, combining sophisticated architecture with world-class facilities. What sets this development apart is its commitment to superior design and an optimal balance of luxury and comfort, ensuring strong return on investment. We will reveal more details at the official launch in the coming months.
What type of residential and commercial properties will Sugee Group introduce in the UAE? Will they cater to end-users or investors?
Sugee Group’s UAE portfolio will feature a mix of premium residential offerings, including apartments, penthouses, and waterfront villas, alongside high-end commercial spaces. Our projects are designed to appeal to both end-users and investors, delivering a seamless blend of luxury, convenience, and long-term value. With rising demand for high-spec residential properties in Ras Al Khaimah and Dubai, our developments will be tailored to meet evolving market preferences.
Will you be partnering with local or global firms for design, construction, or technology integration?
Collaboration is key to delivering excellence, and we have always partnered with leading firms across our operations in Mumbai and Lisbon. In the UAE, we will engage with local experts for design, construction, and various aspects of project development. Partnering with top-tier firms ensures that our projects uphold the highest standards of quality and innovation.
Will Sugee Group focus exclusively on residential developments, or will commercial and mixed-use projects also be introduced?
We are adopting a diverse approach, with our first project in Ras Al Khaimah integrating both residential and retail spaces. While our immediate focus is on luxury residential properties, we are also exploring commercial and mixed-use opportunities. As part of our long-term strategy, we aim to introduce projects that address the evolving business and lifestyle needs of the region, ensuring a well-balanced and diversified portfolio.
Beyond real estate, is Sugee Group considering diversification into other sectors such as hospitality or retail in the UAE?
With over 35 years of experience in real estate across Mumbai and Lisbon, our core expertise lies in high-end developments. While we remain focused on delivering exceptional residential and commercial projects, we remain open to new opportunities and market innovations. At this stage, our priority is to establish a strong real estate footprint before expanding into other industries.
What are Sugee Group’s goals for the next five years?
Over the next five years, Sugee Group aims to cement its position as a key player in the UAE’s luxury real estate sector. As outlined, we plan to develop over 15 million square feet of prime real estate and deliver more than 10,000 residential and commercial units. Our vision is to become a trusted developer known for creating landmark projects that redefine luxury living. With a commitment to excellence, innovation, and customer satisfaction, we are confident that our strategic expansion in the UAE will lead to long-term success.
