According to a press release, KASCO Developments has formally opened for business in the UAE real estate market with an AED 1.20 billion initial investment.
Since it began operating in the real estate market in 2008, the KASCO Group has completed projects including Waves Tower by KASCO, KASCO Tower, KASCO Residence, and Gulf Oasis.
By 2025, the development company hopes to sell one million square feet of residential projects, furthering its goal of fusing contemporary design with technology.
The company’s short-term goals are to introduce, market, and complete its first three projects. The new company is especially interested in Business Bay and Al Jaddaf in Dubai.
The new business expands upon the thirty years of project execution, financial management, and strategic planning expertise of the KASCO Group.
Mustafa Al Kaissi, Chairman of KASCO Developments, stated: “KASCO Developments will differentiate itself in Dubai’s soaring market by prioritizing client well-being and an inspiring living experience.”
Issa Abdul Rahman, CEO of KASCO Developments, commented: “We are bringing the values of professionalism, reliability, and premium quality that have always been at the heart of the KASCO Group to our new real estate ventures.”
