Satish Sanpal leading the real estate of Dubai. Meet the Power 150 by Construction Week
ANAX Developments is the subsidary of ANAX Holding, and Satish Sanpal, the chairman of the company has demonstrated a combination of strategic foresight and hands-on leadership that continues to shape the company's trajectory in Dubai's competitive real estate market.
One of the most significant achievements for ANAX in the last 12 months came with the rapid sales success of the Al Furjan project, where 90% of units were snapped up within just two months following its launch. This rapid uptake reflects not only the quality of the development but also Sanpal's sharp market insight and ability to align offerings with current demand. Adding to this momentum, ANAX is in the process of finalising a high-profile collaboration with a renowned lifestyle brand, a partnership that promises to set new standards in Dubai's branded residences segment.
Guidance, ANAX Developments will launch three projects this year in Dubai Islands, Meydan, and Warsan, collectively valued at $300 million (AED1.1 billion). These developments underline the company's diversified portfolio and commitment to meeting the varied needs of Dubai's property buyers.Going forward, ANAX is looking at a clear and encouraging outlook. The company currently carries no project backlog, indicating efficient project management and a focused approach to development cycles. The recently launched projects are on track, with handovers planned for 2026 and 2027, ensuring a steady pipeline of quality offerings for the market in the coming years.
Financially, ANAX Developments remains optimistic about its growth trajectory. The chairman emphasises that Dubai's real estate market continues to offer promising opportunities, and the company is targeting steady year-on year revenue growth. Central to this strategy is ANAX's substantial land bank across prime locations in Dubai, which forms the foundation for an ambitious new landmark project. Beyond business success, Sanpal places considerable emphasis corporate on social responsibility (CSR), embedding it as a core aspect of ANAX's corporate identity. Known widely for his philanthropic contributions, Sanpal actively channels his leadership towards social and environmental causes through both ANAX's brand and the Sanpal Foundation. The foundation has been instrumental in driving impactful initiatives across multiple countries, reinforcing a genuine commitment to community welfare.
ANAX Developments also champions sustainability in its projects. For instance, EVORA incorporates rooftop solar panels, while Vento Tower exemplifies eco-conscious design from inception, including the careful selection of contractors and consultants who share the company's values. These efforts reflect Sanpal's understanding that responsible development is key to long-term value creation—not just for investors, but for the broader community and environment.
ANAX Developments will launch three projects this year in Dubai Islands, Meydan, and Warsan, collectively valued at AED1.1 billion