Apparel Company Launches Real Estate Venture

Appcorp Holding, the parent company of Apparel Group, has launched Kora Properties, a new real estate development company. This strategic move marks a significant step in Appcorp's diversification efforts, aiming to capitalize on the growing demand for high-quality properties in the UAE, a prime destination for real estate investment. Nilesh Ved, Chairman of Appcorp Holding and owner of Apparel Group, will also serve as Chairman of Kora Properties, bringing his extensive market knowledge and entrepreneurial experience to guide the company's growth.

Kora Properties plans to develop a diverse range of projects, including residential, retail, commercial, and specialized developments for the healthcare and hospitality sectors. This expansion aligns with Dubai's ambitious real estate sector strategy, which aims for a Dh1 trillion market value by 2033. Ved emphasizes Kora Properties' commitment to creating living spaces that enrich lives, foster growth, and provide timeless living experiences, reflecting Apparel Group's dedication to enhancing lifestyle.

Kora Properties is built on the belief that a home is a cornerstone of life, promising premium residences, offices, and commercial spaces. The company will focus on transparency, long-term vision, and customer trust. This venture leverages Apparel Group's established reputation and forward-thinking approach to redefine modern living and contribute to the UAE's thriving real estate sector.

With a strong foundation built since 1996, Apparel Group has become a leading retail force in the region, managing over 85 global brands, operating more than 2,500 stores across 14 countries, and employing a diverse workforce of 27,000. Kora Properties reinforces Appcorp Holding's position as a dynamic, future-focused conglomerate, committed to innovation, customer service, and sustainable growth, further enriching lives through its real estate endeavors.