Dubai, UAE — Indian developer Casagrand has unveiled Casagrand Hermina, a AED420 million ($114 million) residential project on Dubai Islands, marking its Middle East entry. The development features 131 one- to four-bedroom apartments with prices starting at AED1.92 million and a 60/40 payment plan. Handover is scheduled for Q2 2028.
Dubai Islands Off-Plan Appeal
Casagrand Hermina fits Dubai’s surging off-plan market, which accounted for 69% of residential transactions in 2025. Dubai Islands saw over 2,075 units transacted in the last six months of 2025, a 109% increase totaling AED 5.6 billion, driven by waterfront demand and infrastructure like an eight-lane bridge to Downtown by 2026.
“Residences on each floor have been thoughtfully spaced to ensure enhanced privacy, quieter corridors, and a boutique sense of exclusivity,” the developer said in a statement.
The project integrates smart home controls, eco-friendly materials, and amenities including pools, spa retreats, sky cinema, and meditation zones.
Founder and Managing Director Arun stated: “At Casagrand, we have spent more than 22 years creating high-quality developments grounded in precision, timely delivery, and an unwavering focus on customer satisfaction.” Dubai’s residential values rose 2.5% in Q3 2025, with annual growth at 10%, per Knight Frank.
Indian Investors Eye Dubai Growth
Indians hold the largest foreign share in Dubai real estate, with 22% market presence in 2025 and investments exceeding AED35 billion historically. Flexible plans like Casagrand’s appeal amid high yields of 7-9% on Dubai Islands.
Also read: A Research-Backed Guide to Choosing the Right Apartment Size for Indian Families in Dubai
Luthfullah K, Director, Dubai, Casagrand, said: “Dubai Islands represents one of our city’s most exciting long-term growth corridors… With Casagrand Hermina, we wanted to create a community that captures the balance people increasingly seek.”
Arun added: “Bringing this ethos to the UAE is an important milestone for us, and Casagrand Hermina encapsulates what we value most.” Casagrand plans 6 million sq ft of UAE developments over three years.
For Indian investors, Casagrand Hermina offers entry into a high-growth corridor backed by Dubai’s 2040 Urban Master Plan, with lower entry prices than premium islands and strong capital appreciation potential amid 28% off-plan sales growth. Risks include supply increases, though absorption remains robust per CBRE and Knight Frank outlooks. This debut signals rising Indian developer competition, benefiting buyers with trusted brands and visa perks.
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