Developer Sankari has broken ground on its flagship project, Regent Residences Dubai – Sankari Place, located in the Marasi Marina district. The development is said to hold immense significance for Sankari and the Regent brand under IHG Hotels & Resorts, as it marks the inaugural standalone Regent-branded residential project globally.
The completion of enabling works by Dutch Foundations has paved the way for the appointment of Al Basti & Muktha (ABM) as the primary contractor. The contract, valued at US $272mn, has been awarded for the full construction of Regent Residences Dubai – Sankari Place, with a projected completion date within 34 months.
“The groundbreaking of Regent Residences Dubai – Sankari Place marks a defining milestone for Sankari and for luxury living in Dubai. This project exemplifies our commitment to excellence and timeless design. Together with world-class partners like Al Basti & Muktha and Foster + Partners, we are creating an iconic residential destination that embodies the Regent ethos of serene luxury and modern refinement,” said Mark Phoenix, CEO of Sankari.
“We are honoured to partner with Sankari on this exceptional project. Regent Residences Dubai – Sankari Place will showcase our decades of experience delivering some of the UAE’s most prestigious landmarks. Our team is committed to realising Sankari’s vision for this flagship development with the highest standards of quality, craftsmanship, and attention to detail,” added Tushar Pathak, Chairman of Al Basti & Muktha.
Rooted in a legacy of craftsmanship and visionary development, Sankari’s ethos is built on creating enduring landmarks that embody heritage, quality, and purpose. Regent Residences Dubai – Sankari Place stands as a testament to this philosophy, merging contemporary excellence with a respect for the values that define the brand, the statement said.
