KORA Properties Launches In UAE, Expanding Apparel Group's Vision In Real Estate Development

APPCORP, the parent company of Apparel Group, has ventured into the real estate sector by launching KORA Properties. This move signifies a significant step in APPCORP's strategy to diversify and innovate, while also reinforcing its dedication to enhancing lives in the UAE.

Nilesh Ved, Chairman of APPCORP Holding and Owner of Apparel Group, will lead KORA Properties as Chairman. With his extensive market knowledge and entrepreneurial skills, Mr. Ved aims to guide KORA Properties towards sustained growth and value creation in the region's dynamic real estate market.

KORA Properties is a fully integrated real estate development firm that seeks to address the increasing demand for high-quality properties. The UAE remains one of the world's most appealing destinations for real estate investment, making this venture timely and strategic.

The announcement coincides with Dubai's real estate sector nearing a market value of Dh1 trillion under the Dubai Real Estate Sector Strategy 2033. This growth is driven by global investors turning their attention to Dubai. KORA Properties plans to develop diverse projects, including residential, retail, commercial, healthcare, and hospitality segments.

"Apparel Group's motto is to always create experiences that elevate lifestyle for the community," said Nilesh Ved. "With KORA Properties, we are extending our brand's promise into real estate, promising living spaces that nurture dreams, foster growth, and elevate living."

KORA Properties is built on the belief that a home is a significant milestone in life. It focuses on creating spaces that serve as canvases for life's meaningful moments. The company commits to delivering premium residences and commercial spaces based on transparency and long-term vision.

By merging Apparel Group's trusted legacy with a forward-looking approach, KORA Properties aims to redefine modern living in the UAE's expanding real estate landscape. This launch strengthens APPCORP Holding's position as an innovative conglomerate committed to sustainable growth.