KORA Properties

KORA Properties is a Dubai real estate developer launched by APPCORP Holding, the holding company behind Apparel Group, the Dubai based fashion and lifestyle retail group. The company is chaired by Nilesh Ved, who also chairs APPCORP Holding and co-founded Apparel Group with Sima Ganwani Ved. KORA Properties describes itself as a fully integrated development company, bringing design, delivery and customer care under one roof, and it entered the UAE market with a clear intention to build a long-term presence in Dubai.

The group behind KORA brings a track record that few new developers can match. Apparel Group was established in 1996 and has grown to represent more than 85 international brands across more than 2,500 stores in 14 countries, with a workforce of over 27,000 people. Names such as Tommy Hilfiger, Calvin Klein and Skechers sit within its portfolio. That experience of running customer-facing businesses at scale, across many markets, underpins the way KORA approaches property: with close attention to how people actually live, shop and spend their time.

The company’s guiding idea is “Timeless Living”. In the words of its chairman, a home is one of life’s most important milestones, and KORA aims to create spaces that become canvases for life’s most meaningful moments. The developer places particular weight on transparency, long-term vision and customer trust, values that APPCORP has built over decades in retail and now carries into real estate. Nilesh Ved has spoken of extending APPCORP’s legacy of innovation and trust into the world of property, positioning KORA as a patient, quality-led developer rather than a short-term market entrant.

KORA’s debut project is IL VENTO, a residential tower in Dubai Maritime City. The name means “The Wind” in Italian and reflects the fluid, free-spirited character of waterfront living that inspired its design. The tower rises 40 floors and holds 330 residences, from one, two and three bedroom apartments to four penthouses, each with a private swimming pool. A ground-floor lobby designed in the manner of a five-star hotel sets the tone on arrival, and residents have access to more than 40 facilities, including a sky pool, indoor and outdoor pools, a family entertainment hall, a children’s play area and a fully equipped gym.

Location has been central to KORA’s first move. Dubai Maritime City is a waterfront district close to the historic heart of the city, being shaped as a new destination for cruise and leisure tourism. By choosing it for its first tower, KORA has placed buyers close to the sea, to the established neighbourhoods of old Dubai and to the city’s main business districts, while offering the calm of a newer, more residential waterfront setting.

Looking ahead, KORA Properties has set out plans across several segments. Alongside premium residential towers, the company intends to develop retail and commercial property, as well as more specialised projects in healthcare and hospitality. This breadth reflects the diversified approach of its parent group and signals ambitions that reach well beyond a single launch, in step with the long-term growth of Dubai’s property sector.

For buyers, KORA offers an unusual combination: a new name in Dubai development, backed by a long-established regional business with deep operational experience and a strong reputation for customer service. Its early focus on waterfront living, hotel-inspired arrival spaces and generous amenities points to a developer that wants its homes to be enjoyed as much as owned.

Lux Abacus provides direct access to KORA Properties’ projects in Dubai, with clear, transparent guidance at every step, from first shortlist to final paperwork. Whether you are buying a home by the water in Dubai Maritime City or adding a carefully chosen asset to your portfolio, our advisors will help you compare residences, understand the details and move forward with confidence. Speak to our team to explore IL VENTO and future KORA launches.