Gemini Energy Group will be branching into UAE’s real estate sector with a series a luxury projects in the coming months. The group’s real estate division, Gemini Property Developers, will soon announce the ground-breaking of its maiden project, a high-profile luxury residential building.
Sudhakar R. Rao, managing director of Gemini Property Developers, pointed out that diversification into real estate was a natural progression and a strategic business move aimed at leaving a mark on the UAE’s property business.
“Dubai’s real estate market has come full circle since 2005, having experienced both the boom and bust cycles. Growth has stabilised in 2015, and with further tightening of the rules for off-plan sales by RERA, the market is showing signs of maturity. Gemini will seek to satisfy investor and end-user demand for quality residential properties in strategic locations across the GCC.”