One Sankari
From AED 36,700,000 (portal-listed)
Developers / Sankari Properties
Developer profile · Dubai
Sankari Properties: a retailer’s family, Foster + Partners, and two buildings under construction
A developer founded in 2023, backed by a family with forty years in luxury retail, that has commissioned the same Pritzker Prize-winning practice for both of its first projects. One Sankari at Marasi Marina is on the portal from AED 36.7 million; Regent Residences Dubai Sankari Place, with 63 full-floor homes and ten water villas, is not. Neither has been handed over yet.
Founded2023, Dubai
Backed bySankari family · 40 years in luxury retail
ArchitectFoster + Partners, both projects
InteriorsPortia Fox London · YODEZEEN
On this site1 project, from AED 36.7m (portal-listed)
Under construction2 of 2 — nothing delivered yet
About Sankari Properties
Sankari Properties is a young developer with an old family behind it. The company was founded in Dubai in 2023, backed by the Sankari family’s business, which spent forty years in luxury fashion and retail before moving into real estate. It is chaired by Mohammed Sankari and run by Mark Phoenix, a chief executive with three decades in high-end property. Its first two buildings are both under construction on the same stretch of Dubai’s canal waterfront.
The strategy is unusually simple to describe. Sankari does not try to do everything in house: it buys the best design team available and puts the family name on the result. Foster + Partners — Norman Foster’s practice, the one behind the Gherkin and Apple Park — is the architect of record on both projects. Portia Fox London designs the interiors, with YODEZEEN contributing to the design language. On the evidence of the renders, that is where the money has gone: the arrival courts, the lobbies, the pools and the floor plates are the product.
One Sankari, the debut, is two towers on the Marasi Marina waterfront in Business Bay, joined by a skybridge and holding three, four and five-bedroom apartments and penthouses with terraces and private pools. It is the one project the listing portal carries, so it has its own page here, from AED 36,700,000 portal-listed with a December 2027 handover on the portal’s record.
Regent Residences Dubai Sankari Place is the second and the more ambitious: 63 full-floor residences plus ten water villas, each residence with its own pool on the terrace, and a 40,000 sq ft penthouse with a private drop-off, lobby and parking garage. It broke ground in November 2025 with Al Basti & Muktha as main contractor, and it is the first standalone Regent-branded residential development in the world. The branding is licensed: the developer entity is Marina Sky Villa Downtown LLC, and the project’s own legal notice states that it is not owned, developed, brokered or sold by IHG, the hotel group that owns the Regent brand. The portal does not carry this project, so it has no page here — but it is the better test of what Sankari can build.
Beyond those two, the company has said it is developing high-end villas on Palm Jumeirah and exploring other ultra-luxury villa communities, without publishing names or dates. Treat that as intent rather than pipeline.
The honest read. There is no completed Sankari building to visit, no service-charge history and no handover record. What exists is a serious architectural commission, a family with a long record of selling luxury goods, and a market that pays a premium for both. The risks are equally plain: execution on two complex buildings at once, first-time-developer pricing discipline, a very thin buyer pool at these prices, and a developer website that publishes almost no numbers. If you buy here, buy the design and the location, and price in the fact that nobody has yet lived in a Sankari home.
Sankari Properties projects
Two buildings, one waterfront, both still rising. Only the first is carried by the listing portal, which is why only one has a page on this site.
Regent Residences Dubai Sankari Place
Not listed on the portal
For the district itself see the Business Bay community guide. Prices marked portal-listed come from the listing portal; where sources disagree, the project page says which figure is current and which is somebody’s estimate.
What distinguishes Sankari Properties
A retailer’s discipline, applied to buildings
Forty years in luxury fashion and retail is a real qualification for detail, finish and service — the things that separate a good apartment from a great one. It is not a qualification for construction programming. Retail customers come back in a week; apartment buyers wait three years and then live with the result.
One architect for both buildings
Foster + Partners on One Sankari and again on Regent Residences gives the developer a coherent signature — the skybridge on one, full-floor plates with private pools on the other. It also means one practice carrying the design risk on two complex sites at the same time, and a design language that will date as a set rather than individually.
Two brands, two very different legal structures
One Sankari is sold unbranded. Regent Residences is branded under licence from IHG, held by Marina Sky Villa Downtown LLC, and the project states plainly that IHG does not own, develop, broker or sell it. The licence is the thing to read: its term, the management agreement, and what happens to the name — and the service charge — if it ends.
Prices start where most developers stop
The portal’s entry point of AED 36.7 million for One Sankari is roughly fifteen times the Dubai apartment average. That is a deliberate position, not an accident: it buys scarcity, an architect’s name and neighbours who can afford the same. It also means the resale market is measured in months and specific buyers, not weeks.
The numbers are not published
No unit count, no size schedule, no service charge, no completion date on the developer’s own site for One Sankari. The portal fills some of the gap; agents fill the rest inconsistently — 57 residences or 63 or 212, handover in December 2027 or Q1 2028, furnished or unfitted. For a first-time developer at this price, that silence is the largest single thing to press on.
Buying a Sankari Properties home: what to check
This is a first-time developer at ultra-prime prices. The questions are different from the ones you would ask Emaar.
The unit schedule in writing: how many residences, of which types, and the size of each.
The service charge estimate per square foot, itemised, for the amenities as built.
What is included in the specification, and whether the residence is handed over furnished or unfitted.
The contractor, the construction percentage and the escrow account for the specific building.
The handover date and the trigger for the final payment, written into the sale and purchase agreement.
The plot and the buildings permitted between you and the water, on a project still surrounded by empty plots.
The Dubai Land Department registration and the project permit number.
For Regent Residences, the licence terms behind the Regent name and what the management agreement covers.
The developer’s completed comparable: none yet, so ask for references from the sales team and the contractor’s record instead.
Resale and rental evidence from neighbouring full-floor and branded towers, not district averages.
Sankari Properties frequently asked questions
Who is Sankari Properties?
A Dubai developer founded in 2023, backed by the Sankari family’s business, which spent forty years in luxury fashion and retail. It is chaired by Mohammed Sankari and led by chief executive Mark Phoenix, and its first two projects are both under construction on the Marasi Marina waterfront in Business Bay.
What has Sankari actually built?
Nothing yet. One Sankari and Regent Residences Dubai Sankari Place are its first two developments and both are under construction, so there is no completed building, no service-charge history and no handover record to inspect.
Who designs their buildings?
Foster + Partners is the architect on both projects. Interiors are by Portia Fox London, with YODEZEEN contributing to the design language. That design team is, in effect, the developer’s main selling point.
What projects are for sale?
One Sankari at Marasi Marina, from AED 36,700,000 portal-listed, with three, four and five-bedroom apartments and penthouses. Regent Residences Dubai Sankari Place, with 63 full-floor residences and ten water villas, is not carried by the listing portal, so it has no page here.
Is Regent Residences a hotel-branded building?
It is the first standalone Regent-branded residential development in the world, but the brand is licensed rather than owned: the developer entity is Marina Sky Villa Downtown LLC, and the project states that it is not owned, developed, brokered or sold by IHG. Read the licence term and the management agreement before assuming hotel service comes with the name.
Why do you not publish sizes or a unit count?
Because the developer does not publish them. Agent listings cluster around 57 residences in One Sankari, but others say 63 and one says 212; sizes are quoted by agents rather than the developer. We would rather say that plainly than print a number nobody can stand behind.
What does One Sankari cost and when is it ready?
AED 36,700,000 for a three-bedroom on the portal’s record, with larger residences on request, and a handover date of December 2027 on the same record. The developer publishes no completion date; several agents agree on Q4 2027 and a few do not.
Is a Sankari home a good buy?
The case is genuine architectural pedigree on a scarce waterfront position, with only a few dozen homes in each building, from a family that knows how to sell luxury. The risks are that the developer has never delivered a building, that sizes, service charges and completion dates are unpublished, and that the entry price sits in Dubai’s ultra-prime bracket where resale is slow. Both halves belong in the decision.
What is Marasi Marina like?
It is the newest stretch of Business Bay’s canal frontage, directly south of Downtown Dubai, with a promenade and a marina basin in place and several plots still to be built. Views may change as it fills in, and the district will be busier when it does.
How do I buy through you?
Tell us the budget and the building, and we will send the current availability, the unit schedule if it exists, the payment schedule as written in the sale and purchase agreement, the service charge estimate and our honest read on the numbers — including the case against.
Considering a Sankari Properties home?
Tell us which building and budget. We will send the current availability, the unit schedule if one exists, the payment schedule as written in the sale and purchase agreement, the service-charge estimate and our honest read on the numbers — including the case against.
Sources and verification. The company story, leadership, the founding date, the forty-year retail heritage and the design partnerships come from Sankari Properties’ own site; the One Sankari price, unit types, amenity list, handover date and payment plan from the listing portal; the Regent Residences unit count, water villas, penthouse and groundbreaking from the developer’s project page and the covering press of 5 November 2025, with the IHG licence wording taken verbatim from the project’s own legal notice; and the Palm Jumeirah villas and wider strategy from a December 2024 interview with the chief executive. Committed to publication: the developer publishes no unit count, no size schedule, no service charge and no completion date for One Sankari, so agent figures are labelled as agent figures wherever they appear; reported unit counts for One Sankari range from 57 to 63 to 212; handover is December 2027 on the portal, Q4 2027 in most agent listings and Q1 2028 in some; the portal describes the residences as fully furnished while several agents describe them as unfitted; the portal’s entry price of AED 36.7 million sits below the AED 40 million starting price quoted by several agents; and the portal’s map pin for One Sankari points at Regent Residences Sankari Place. Nothing here is a valuation or a promise of return.