India, Nov. 24 -- Sunteck Realty Ltd on November 24 announced its entry into the UAE market through Sunteck International, and unveiled the location of its first project, a 2.5-acre land parcel in Downtown Dubai, where it plans to launch two ultra-luxury residential towers.

The company is looking to launch projects with a GDV of over AED 15 billion over the next three years, of which this inaugural ultra-luxury flagship development accounts for AED 5 billion, the company said.

Sunteck International will spearhead the group's UAE expansion, starting with its ultra-luxury project in Downtown Dubai, situated adjacent to the Burj Khalifa and The Dubai Mall.

"The flagship Downtown Dubai project, estimated at AED 5 billion in GDV, will be de...