By Ishrath Jaigirdar
Dubai, UAE
Object 1, a real estate developer with a 17-project strong portfolio in Dubai, shared plans to expand in Abu Dhabi, starting with the launch of its sales gallery. Ismail Gasanov, the Head of Business Development at Object 1 revealed to Gulf Property at the International Real Estate and Investment Show (IREIS) in Abu Dhabi that the developer is planning the launch of another eight projects which will expand its portfolio to over 10,500 units with a combined value of approximately Dh1.5 billion.
Object 1 is one of many divisions under the TSZ Group, a global corporation focusing on real estate development. The developer launched its operations in the UAE in September 2022, bringing in significant capital from Europe, particularly CIS countries. It boasts in-house expertise in construction (DSCA), design, project management, and consultancy, making it well-equipped to build projects and serve clients.
In the first half of 2025, the company posted a 188 percent growth in sales value and a 157 percent increase in transaction volume compared to H1 2024, and a development pipeline exceeding 4.5 million square feet.
Ismail shared updates of the current projects’ progress, saying that 10 out of 17 launches already commenced construction, while about 15 of them are 90 percent sold out, cementing the developer’s appeal in the market. To serve its multinational clientele, the developer’s diverse sales team is segmented into dedicated groups, each dealing with regional clients.
“We are in discussion to start with few developments on Reem Island in Abu Dhabi,” Ismail said. “We want to develop projects in attractive areas like Yas Island and Saadiyat Island.”
The developer’s existing portfolio includes projects across JVC, JVT, Jumeirah Garden City, Al Furjan, Sports City, and Dubai Land Residence Complex. Its latest Dubai launch, Alta V1ew, is set to become one of the tallest towers in Jumeirah Village Circle.
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Also read: Object 1 announces 316-unit Verdan1a in DLRC
