Karma Developers announces $81.6mn luxury residential project

The project will feature a number of different amenities and will be completed in Q2 2026

Karma Developers has launched a new luxury residential project. Olivia Residences is being developed at a cost of US $81.6mn and is taking shape adjacent to Green Community in DIP-1, and will feature 229 one-, two- and three-bedroom apartments with premium finishings.

According to a statement, the project is to be completed in Q2 2026 and is said to boast a prime location next to a metro station, retail outlets, dining, healthcare facilities and reputed schools. The project is said to set a new benchmark in attainable luxury, and features an infinity pool, spa, yoga studio, Zen garden, and outdoor cinema, open lawns, a children’s play area and more.

“We are thrilled to officially unveil Olivia Residences, our most innovative project yet, to Dubai’s discerning community. With its unprecedented 8-year payment flexibility and a prime location next to the vibrant Green Community, Olivia brings a new level of accessible luxury living to the city,” said Shahzad Narain Saxena, Chief Executive Officer, Karma Developers.

He added that Olivia reinforced Karma’s commitment to elevating Dubai’s real estate landscape with customer-centric luxury residences in conjunction with development management company Deca Properties. The collective aim is to develop exciting new living experiences across prime locations in Dubai with an existing project pipeline valued at $354mn.


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