Svarn enters the real estate market, investing over half a billion dirhams in key areas like Dubai South, Majan, and Dubai Maritime City
Svarn Developments, built in the UAE by veterans in real estate and trading industries, is all geared to bring five decades of expertise to the future of the UAE’s fast-paced real estate market.
Svarn honours the legacy of Ramesh Aswani, a distinguished senior engineer renowned for his transformative contributions to the industry. His vision and expertise have laid the foundation for shaping communities and enriching lifestyles. With a focus on innovation and excellence, Svarn is not just about developing properties; it’s about crafting experiences and leaving a lasting imprint on the city’s fabric.
“We are confident in the growth prospects of the Middle East real estate market for 2024, given the surge the region is witnessing. Our extensive experience and deep-rooted understanding of the industry are backed by decades of success in real estate and trading. This enables us to launch curated living spaces that provide spacious living and high-quality finishes to ensure exceptional value for residents and investors. Our philosophy is grounded in integrity, creativity, and compassion, as we mirror the spirit of the Middle East’s progress in every project we undertake,” said Ramesh Aswani, Chairman of Svarn Developments.
Svarn is strategically investing over half a billion dirhams in key and upcoming locations such as Dubai South, Majan, and Dubai Maritime City. By focusing on these areas, we aim to not only meet the growing demand for quality living spaces but also contribute to the development of these promising communities.
Research suggests that the total value of the Middle East real estate market is up from $1.38 trillion a year earlier, with Saudi Arabia, followed by the UAE, taking up the lion’s share of upcoming projects. Optimistic about the growth potential of the Middle East’s real estate sector in 2024, boasting a $1.68 Trillion valuation of real estate projects currently planned or under construction.
Backed by founders with over 50 years of leadership experience, Svarn Developments has played a pivotal role in the evolution of the Middle East’s real estate. They have contributed to the infrastructure of notable communities, and the company’s leadership has been an integral part of significant projects and well-established communities like The Millennium Estates, Grand Views, and ultra-luxury villas at Nad Al Sheba 1. Their Dubai portfolio also includes thriving residential apartments in Warsan. These well-established projects testify to the company’s legacy and unwavering commitment to future real estate excellence in the UAE.
“At the heart of Svarn’s ethos lies a steadfast commitment to resident well-being, comfort and community welfare. Svarn prioritises attention to detail and opts to undertake a select number of projects at a time, ensuring that each project receives dedicated effort and meticulous attention to deliver superior results,” assures Naresh Odhrani, Director of Svarn Developments.
“Looking ahead, Svarn is poised to continue shaping the future of real estate with its commitment to innovation, quality, and community. As the company embarks on its journey of growth and expansion, we invite investors, partners, and stakeholders to join hands with us to create vibrant, sustainable communities that enrich lives and inspire generations to come,” said Shaikh Shamshuddin, Director of Svarn Developments.