Casagrand has taken a significant step into the Dubai property market with the launch of a nearly ₹1,000-crore luxury residential project on Dubai Islands. The company’s international foray, titled Casagrand Hermina, marks the beginning of a long-term expansion strategy across the Middle East.
The company affirmed that the project will include 131 luxury apartments of various sizes from 827 sq ft up to 2,536 sq ft aiming at global investors and homebuyers who want a waterfront urban lifestyle. This initiative is definitely a significant milestone for the ambitious developer in its growth trajectory and also as it plans to explore new markets beyond India.
Casagrand has placed huge bets on the Middle East real estate market with a commitment to bring a 6-million-sq-ft portfolio of luxury residential and mixed-use projects spread all over the UAE within a period of 3 years. The top management of the company commented that their move to the Dubai market is the outcome of long years' watch, research, and strategic planning.
Arun Mn, Founder and Managing Director of Casagrand, mentioned that deciding on Dubai as the first market outside India was a decision made after a long thorough analysis. “With Casagrand Hermina, we have merged the calm of a serene waterfront with the energy of a modern urban hub, demonstrating our commitment to creating future-ready homes that appeal to global homebuyers,” he said.
The building design is B+G+13 with the merging of contemporary architectural style and wellness-focused design elements. The main concept of the homes is to provide the beautiful nature views of the sea, luxuries, and layouts expected from the top-tier real estate markets.
Casagrand Hermina is situated in the rapidly developing area of Dubai Islands that has been heavily supported by infrastructures and tourism as per the Dubai 2040 Urban Master Plan. The master plan is transforming the islands into a hub for leisure, hospitality, and residencies of the future.
The district will have 21 km of Blue Flag beaches Nine marinas Over 80 hotels under construction Planned two golf courses Connectivity will also get a significant improvement. By 2026 an eight-lane bridge between the islands and Downtown Dubai will be ready for service and a Metro link, which is under consultation, will also be operational by then. When these improvements are in use, there is likely to be a significant upsurge in the demand for real estate in the area.
Before Casagrand ventured into Dubai, it was on a spree of aggressive growth domestically. Blackstone, a global investment firm, recently made a hefty capital infusion into the company.
A month ago, Casagrand made public a ₹700-crore strategic investment from Blackstone to fund the construction of 4.2 million sq ft of industrial and warehousing infrastructure near Chennai. With this move, the developer signals a shift towards large-scale industrial and logistics assets alongside the usual residential ventures.
Casagrand, as a part of the expansion plan, is willing to build two huge industrial and logistics parks with a total area of 154 acres in Sriperumbudur, one of the most prominent industrial corridors of Chennai. The company quotes that their projects will be able to fulfill the demand originating from the manufacturing, e-commerce, and supply chain sectors.
The onset of Casagrand in Dubai is connected to the trend of Indian developers looking for global markets with the preference of regions with strong investor interest and high absorption rates. The momentum enjoyed by Dubai, which is mostly driven by tourism, economic reforms, and the steady inflow of foreign investors, makes the timing of Casagrand’s entering very appropriate.
By fusing waterfront lifestyle, luxury amenities, and city convenience, Casagrand Hermina may captivate NRI buyers and global investors who in recent years have shown increasing trust in Dubai’s property market. The multi-year project that Casagrand has lined up in the UAE with Hermina being the first step might eventually make the Bengaluru developer a key player in the luxury real estate scene of the region.
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