MAK Developers

KORA Properties is the real estate arm of APPCORP Holding, part of the Apparel Group led by Nilesh Ved, launched in 2024. Its debut project is in Dubai Maritime City, and it is co-developing the O1NE District in Motor City with Avenew Development.

ETA Star is the property development arm of the ETA Ascon Star Group, formed in 2004 and backed by a long-standing joint venture involving the Al Ghurair Group. It is known for Grandeur Residences on Palm Jumeirah and commercial towers in Business Bay.

IQUNA Properties is a boutique Dubai developer led by Jassim Alseddiqi, with its Avida Residences project on Dubai Islands delivered via a subsidiary and a development-management partner. We could not verify a founding year, so we are not stating one here.

RSG Group of Companies is a diversified group with a Dubai real estate arm active since the early 2020s, with projects including a Fairmont-branded residence in the Al Sufouh area and towers in Dubai Production City. Some ownership and reputational details around the group require independent verification before relying on them. It is a distinct company from the separately profiled SRG Holding.

Peak Summit Real Estate Development is a Dubai developer active in JVC, best known for The Orchard Place. Sources indicate a founding around 2023, though this is not firmly documented, so we are noting it as approximate rather than stating a single year.

Mered is an internationally-owned developer that entered the Dubai market in 2023, headquartered in Dubai Internet City, with a track record of dozens of projects across Eastern Europe and the USA. Its flagship is ICONIC Tower, a Pininfarina-designed landmark in Dubai Internet City.

GFS Developments is a Dubai developer known for value-focused residential projects, including the Coventry series across Dubai South, JVC and Dubailand Residence Complex.

Ras Al Khaimah masterplan developer launched in 2025, specializing in island communities like Ardee Al Marjan Island and Fairmont Residences Al Marjan Island.

MGS Development is a developer with projects on Dubai Islands, including Edgewater Residences and Miami Beach Residence, affiliated with a Kazakh construction group. We could not firmly verify a founding year, so we are not stating one here.