Bengaluru, Nov. 24 -- Sunteck Realty Ltd has ventured into the Dubai property market with a Rs.10,000-crore luxury project in the prime Downtown Dubai area, at a time when the city is witnessing a surge in demand for high-end properties.

Sunteck International, the entity set up to develop projects in the United Arab Emirates, will develop two residential towers on 2.5 acres of land in partnership with local firm MAS Real Estate. It will feature both regular apartments and branded residences, in collaboration with hospitality brands.

The Mumbai-based developer's maiden project, slated for launch in 2026, is expected to have an estimated gross development value (GDV) of nearly Rs.10,000 crore.

"Our entry into an international market such...