ALTA Real Estate Development company profile
ALTA Real Estate Development, founded in 2020 by Abdulla Al Tayer, builds two quite different things in Dubai. Under the ALTA name it develops single ultra-prime buildings and one-off villas, each tied to an outside hospitality or fashion brand — this is where Mr. C Residences Downtown, the ALTA project GRAF sells, sits. Separately, through its subsidiary KORO Real Estate Development, it builds mid-market urban apartments at a fraction of that price. Leadership is published on the company's About us page: Abdulla Al Tayer as Managing Director, Mohammad Al Tayer as Deputy Managing Director, Hawazen Esber as Group Chief Executive Officer and Giuseppe Noto as Chief Executive Officer for development and sales. ALTA sits among the names covered in GRAF's luxury developers guide. See "Who owns ALTA Real Estate Development?" below for its ownership and registration.
Buildings and brand partners
ALTA puts a named outside brand and design studio behind every building it makes, never the same look twice. Among the best known are Mr. C Residences Jumeirah on the Dubai Water Canal, drawn by Bernardo Fort-Brescia of Arquitectonica with interiors by Will Meyer of Meyer Davis, and holder of a Gold UL Verified SPIRE Smart Buildings rating — the highest ever recorded for any property type, residential or commercial. Mr. C Residences Downtown, the Cipriani family's second Dubai address, again by Arquitectonica but with interiors by 1508 London, has already recorded a four-bedroom Nobile Collection sale above AED 30 million, the highest price at the project since its January 2025 launch. Others include Maison Margiela Residences on Palm Jumeirah — the fashion house's first residential project anywhere, with an art gallery, library and its own café among the interiors by A++ and Carlo Colombo — and Villa Gaia, a one-off private estate on Jumeirah Bay Island by the Dubai studio VSHD that sold for AED 280 million, among the highest single-villa prices recorded in the city. Outside the ultra-prime tier sits KORO One in Jumeirah Garden City, ALTA's push into accessible luxury that sold out within four months of launch, and Inhabit in Al Quoz takes the company outside housing altogether, converting warehouse space into a retail and creative quarter. Further work is in build, including a private beachfront villa in Umm Suqeim 3, with full details still to follow.
Sources: Zawya — KORO One completion and handover, 11 August 2026, UL Solutions — first residential SPIRE rating, December 2024, Propsearch — Alta Real Estate Developments LLC developer record, Arquitectonica — Mr. C Residences Downtown, Dezeen — Maison Margiela's first residences, Gulf News — Villa Gaia record sale, CBNME — Mr. C Residences Downtown AED 30m+ sale, and ALTA Real Estate Development.
Design-led residential, hospitality and mixed-use property in Dubai
