The former is a dynamic development management firm, while the latter is a renowned luxury real estate company.
The aim of the collaboration is to enhance the mid-size offering in the region, which is fiercely competitive, and it is based on the promise of innovation and excellence.
In addition, it also promises superior build quality and value. The collective purpose is to use an existing project pipeline for developing exciting new living experiences in Dubai’s prime locations.
The said pipeline in question has a value of AED 1.3 billion. In the next three months, they will announce a number of residential projects that would be focused on the discerning buyer.
A phasing approach will be used, which includes two distinctive developments in DLRC and Arjanand Olivia Residences in DIP.
Karma Developers’ CEO, ShahzadNarainSaxena, said that the world is astounded by the growth story of Dubai due to the visionary leader.
The Chief Executive Officer said that the company believes that Dubai has an excellent future as a global hub for business, living and tourism.
He went on to say that they would continue developing outstanding real estate projects in order to contribute to the development of the emirate.
The track record of Karma Developers speaks for itself and it comprises of a number of successful projects in the UK, Cyprus and India.
The opulence and innovative approach of the company has helped them in developing a strong reputation in the UAE.
The company’s flagship project was launched last year on Palm Jumeirah and is called the Beach House. It will establish a new standard when it comes to luxury living.
This is due to the fact that it offers unmatched and breathtaking views of the Arabian Gulf and the iconic BurjAl Arab.
Karma Developers has been working for 30 years now and some of its other projects include the modern Centurion Onyx located in Meydan Avenue and the spectacular Centurion Star located in Deira.
Karma has chosen to collaborate with Deca Properties, which has also established its reputation through partnerships with more than 2,500 alliance partners all over the world.
These include Russia, the UK, China, France, South Africa, the US and India. It uses this extensive network for providing local real estate developers with sales and marketing services.
This makes it a real asset because it empowers the company to build a robust and strong footprint in the region.