The developer joins a burgeoning property sector
APPCORP, the holding company of Apparel Group, the leading retail conglomerate in the fashion and lifestyle sector, recently 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 affirming 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.
Sustained growth
The company is led by 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, Ved is set to steer KORA Properties toward sustained growth and value creation across the region’s dynamic real estate landscape.
“Apparel Group’s motto is to always create experiences that elevate lifestyle for the community, whether through its offerings in fashion, lifestyle, or service. 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,” stated Ved.
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, a press statement concluded.
