Sankari Breaks Ground on World’s First Standalone Regent Residences in Dubai
Sankari has officially broken ground on its landmark development, Regent Residences Dubai – Sankari Place, located in the prestigious Marasi Marina district. The project marks a historic milestone as the first standalone Regent-branded residential development under IHG Hotels & Resorts, setting a new global benchmark for ultra-luxury living.
The enabling works, completed by Dutch Foundations, paved the way for the appointment of Al Basti & Muktha LLC (ABM) as the main contractor under a contract valued at nearly AED 1 billion. The full construction of the development is expected to be completed within 34 months.
Mark Phoenix, CEO of Sankari, described the project as a defining moment for both the company and Dubai’s evolving luxury real estate landscape. “The groundbreaking of Regent Residences Dubai – Sankari Place marks a defining milestone for Sankari and for luxury living in Dubai. 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,” he said.
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