KORA Properties נפתחת לראשונה באיחוד האמירויות הערביות, ומרחיבה את המצוינות המוכחת של קבוצת Apparel בעתיד חלוצי של הנדל"ן
KORA Properties נפתחת לראשונה באיחוד האמירויות
הערביות, ומרחיבה את המצוינות המוכחת של קבוצת Apparel בעתיד חלוצי של הנדל"ן
היזם
מצטרף למגזר נדל"ן מתפתח שמטרתו להגיע לשווי שוק של טריליון דירהם במסגרת
אסטרטגיית מגזר הנדל"ן של דובאי 2033
צילום The Apparel Group
דובאי,
איחוד האמירויות הערביות, 29 באוקטובר 2025 (GLOBE NEWSWIRE) –
APPCORP,
חברת האחזקות של Apparel Group, קונגלומרט הקמעונאות המוביל בתחום האופנה והלייף
סטייל, הודיעה על כניסתה לתעשיית הנדל"ן עם השקת KORA Properties. המיזם החדש
מסמן ציון דרך מרכזי באסטרטגיית הגיוון והחדשנות של APPCORP וכן מאשר את מחויבותה
להעשרת החיים באיחוד האמירויות.
KORA
Properties Debuts in UAE, Extending Apparel Group’s Proven Excellence in
Pioneering Future of Real Estate
The developer joins a
burgeoning property sector targeted to reach a market value of Dh1 trillion
under the Dubai Real Estate Sector Strategy 2033
DUBAI,
United Arab Emirates, Oct. 29, 2025 (GLOBE NEWSWIRE) –
APPCORP, the holding company of Apparel Group, the leading retail
conglomerate in the fashion and lifestyle sector, has announced its foray into
the real estate industry with the launch of KORA Properties. The new venture
marks a key milestone in APPCORP’s diversification and innovation strategy as
well as affirms its commitment to enriching lives in the UAE.
KORA Properties, a fully integrated real estate development
company, aims to meet the growing demand for high-quality properties as the UAE
continues to rank among the world’s most attractive destinations for real
estate investment.
The company is led by Mr. Nilesh Ved, Chairman of APPCORP Holding and Owner of
Apparel Group, who also takes on the role of Chairman of KORA Properties.
Leveraging his deep market knowledge, entrepreneurial expertise, and a strong
track record in building global businesses, Mr. Ved is set to steer KORA
Properties toward sustained growth and value creation across the region’s
dynamic real estate landscape.
The announcement comes as Dubai’s real estate
sector is on track to reach a market value of Dh1 trillion under the Dubai Real
Estate Sector Strategy 2033, as a result of growing demand with global
investors shifting their focus to Dubai. With a clear vision to add significant
value to the economy, KORA Properties will develop a variety of real estate
projects, from residential to retail and commercial, as well as niche
developments for the healthcare and hospitality segments.
Mr. Nilesh Ved, said: “Apparel
Group’s motto is to always create experiences that elevate lifestyle for the
community, whether through its offerings in fashion, lifestyle, or service.
With KORA Properties, we are extending our brand's promise into real estate,
promising living spaces that nurture dreams, foster growth, and elevate living.
Today marks a new chapter, as we continue to innovate and diversify while
staying true to our core values of commitment, quality, and
customer-centricity.”
“KORA Properties is founded on the belief that a home is one of
life’s most important milestones, and homes are forever. It is not just about
bricks, steel, and mortar; it is about creating spaces that become canvases for
life’s most meaningful moments and offer ‘Timeless Living’. We are committed to
delivering premium residences, offices, and commercial spaces built on
transparency, long-term vision, and an unwavering dedication to customer
trust.”
By combining Apparel Group’s trusted legacy with a forward-looking
vision, KORA Properties aims to redefine modern living and contribute to the
UAE’s ever-growing real estate landscape. The launch also reinforces APPCORP
Holding’s position as a dynamic, future-ready conglomerate that continues to
set benchmarks in innovation, customer service, and sustainable growth. As the
Group expands its footprint into real estate, it remains committed to
delivering on its promise of enriching lives.
Since its establishment in 1996, Apparel Group has built a strong
reputation as one of the most successful retail companies in the region. With a
portfolio of over 85 global brands, more than 2,500 stores in 14 countries, and
a workforce of 27,000 multicultural employees, Apparel Group continues to
deliver exceptional value to millions of customers.
About KORA Properties
KORA Properties is dedicated to delivering exceptional value and
meeting the growing demand for premium residential and commercial developments.
The company is part of AppCorp Holding, a global conglomerate with a strong
presence in 14 countries across four continents. AppCorp’s flagship enterprise,
Apparel Group, is a globally recognised retail leader with over 2,500 stores, a
diverse portfolio of 85+ international brands. The Group has established a
strong presence in the GCC—Bahrain, Saudi Arabia, Kuwait, Qatar, and Oman—and
continues to expand across key markets including India, Southeast Asia, South
Africa, and Egypt. Offering an integrated omni-channel experience, Apparel
Group represents global names such as Tommy Hilfiger, Calvin Klein, Skechers, ALDO,
Charles & Keith, and Tim Hortons. Its sustained growth is driven by a
multicultural workforce of over 27,000+ and steered under the leadership of its
founders, Sima Ganwani Ved and Nilesh Ved.


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