Sanjay Chimnani’s Raine & Horne Dubai office marks a decade of success with over 650 residential sales and expansion to a team of more than 40 professionals.
Raine & Horne Dubai Marks 10 Years of Success Under Sanjay Chimnani’s Leadership
Celebrating its 10th anniversary this month, Raine & Horne Dubai, under the leadership of seasoned property expert Sanjay Chimnani, has achieved remarkable milestones in both growth and performance.
Launched in 2015, the Dubai office has successfully completed over 650 residential sales and has grown from a single office at the Oberoi Center into a thriving team of more than 40 real estate professionals.
Over the past decade, the company has overseen numerous significant deals, including the 2024 sale of 72 turnkey industrial facilities in a master-planned compound in Saudi Arabia, collectively worth SAR 260 million (AUD 115.6 million).
In 2023, the agency made headlines with a major deal in Dubai Hills Estate, facilitating the sale of multiple villas within the Fairway Villas cluster. This transaction was valued at AED 32.5 million (AUD 14.7 million).
“This transaction stands as Raine & Horne Dubai’s most valuable residential retail deal to date and underlines Sanjay and his team’s proven expertise in the premium villa sector,” said Angus Raine, Executive Chairman of Raine & Horne.
Earlier in 2024, the office also wrapped up the sale of South Residences 1, a full residential building located in Dubai South’s master-planned development, with a total value of AED 36.8 million (AUD 16.744 million).
Sanjay Chimnani attributes the firm’s progress to several key principles that have guided its journey since inception.
“Our commitment to outstanding customer service and long-term client relationships has been essential,” Chimnani said.
“We also prioritize ethical practices in all transactions, invest in continuous training for our team, and strive to provide real estate solutions that meet each client’s unique needs.”
Since Raine & Horne Dubai opened its doors in 2015, the city’s real estate sector has undergone significant changes.
“When we first entered the market in 2015, Dubai was experiencing its second property boom between 2014 and 2016,” Chimnani recalled.
“From 2017 through 2020, the market corrected with price drops. But after COVID, demand surged — largely driven by European and Indian investors, as well as capital inflows from Russia and Ukraine.”
In Q4 of 2024, the firm closed another high-profile deal — a luxury villa in Meydan, Dubai, sold for AED 20,200,000 (AUD 9.19 million). This highlighted the sustained interest in high-end standalone homes across Dubai’s premium communities.
Looking toward the future, Chimnani expects a notable increase in new residential supply beginning in Q3 2025 and continuing through 2028.
“This influx will likely drive down both property values and rental prices, improving affordability in Dubai,” he said.
“Nonetheless, the luxury segment will remain stable due to consistent demand from ultra-high-net-worth individuals.”
Since the beginning, Chimnani and his team have seen immense value in being associated with Raine & Horne’s 142-year legacy.
“The brand provides immediate credibility, giving clients confidence that they’re working with an experienced and respected firm,” Chimnani explained.
“This long-standing global reputation helps differentiate us in Dubai’s competitive market and plays a vital role in winning major deals.”
Reflecting on this 10-year journey, Chimnani expressed gratitude and confidence in the road ahead.
“We are proud of what we’ve accomplished over the last decade,” he said.
“Our focus remains on delivering real value through smart real estate solutions, while staying responsive to the evolving demands of our clients and the wider Dubai property landscape.”
