About Karmastaji
Combining engineering, architect, and design expertise.
10
Plus Years of experience
Welcome to Karmastaji Group, a distinguished privately owned conglomerate headquartered in Dubai, UAE.
We remain positive, ambitious, and dedicated to create “win-win” partnerships with our clients and business partners
Professional Expertise
We emphasize the importance of skill, knowledge, and continuous development within our team as fundamental to delivering top-tier service.
Integrity and Honesty
Maintaining the highest ethical standards is central to our actions and decision-making, fostering trust and long-lasting partnerships.
Equity and Fairness
We are dedicated to promoting an inclusive environment where every individual is treated with dignity and respect.
Who We Are
How We Build
Our History
Who We Are
Mr. Rashed Karmastaji is the esteemed founder and chairman of the Karmastaji Group, which was established in 2005 as a premier Real Estate Company. From its inception, the group’s original branch distinguished itself by offering world-class real estate solutions across the UAE and the GCC region, establishing a reputation for excellence and success. The remarkable growth of the Karmastaji Group and its associated enterprises is driven by strategic business planning, hands-on management, and a track record of delivering highly profitable returns on investment.
How We Build
Building on the strong foundation of its initial Real Estate ventures, the group has continued to expand its reach and capabilities. This ongoing success has paved the way for the introduction of more complementary businesses, further diversifying the group’s portfolio and enhancing its impact in the region.
Our History
Under the leadership of Mr. Rashed Karmastaji, Chairman of Karmastaji Group, the company expanded from real estate to a diversified conglomerate. Prior to founding Friends Real Estate in 2004, Rashed gained valuable experience working at the National Bank of Dubai (now Emirates NBD) and Dubai Customs, and he served as a business development advisor to the President of Tatarstan. He holds an MBA in business leadership and has invested across multiple sectors, including finance, real estate, hospitality, and retail. His strategic vision has enabled him to leverage opportunities and establish a competitive edge in the market.
our Vision and
Philosophy
The Karmastaji Group provides exceptional services, with a strong focus on professionalism and outstanding customer service at the heart of our business philosophy. We strive to fulfill every client’s needs by delivering top-quality professional service. Our work is driven by core values of integrity, commitment, and passion.
We seek to create “win-win” partnerships with our clients and business partners. By placing leasing and commercial real estate acquisitions at the center of our operations, we offer complete real estate solutions throughout Dubai. In an ever-changing market, Karmastaji Group simplifies what can often be a complex and overwhelming process for our clients.
People
We bring together a global, multi-disciplinary team that nurtures teamwork and recognizes individual contributions.
Projects
We are dedicated to projects that offer substantial value and clear benefits for stakeholders.
Processes
We believe that detailed planning and a results-oriented mindset are key to successful project management.
Partners
We collaborate with leading professionals, including consultants, architects, and contractors, ensuring excellence at every stage of the process.
latest portfolio
explore our completed
projects
J3 Mall
Commercial
Address:
Al Wasl Road, Al Manara Area - Dubai
Grand Kingsgate Waterfront Hotel
4-star Hotel
Address:
Al Jadaf Waterfront, Al Jadaf, Dubai, U.A.E
Kingsgate Canal Hotel
3-star Hotel
Address:
Al Jadaf Waterfront, Al Jadaf, Dubai, U.A.E
Midtown Central Majan Mall
Commercial
Address:
Majan, Wadi Al Safa 3, Dubai
Midtown Central Retail 1, DLRC
Commercial
Address:
Majan, Wadi Al Safa 3, Dubai
Kingsgate Hotel Al Jaddaf
3-star Hotel
Address:
Al Jadaf Waterfront, Al Jadaf, Dubai, U.A.E
Midtown Central Retail 2, DLRC
Commercial
Address:
Majan, Wadi Al Safa 3, Dubai
Projects under
construction
01
Midtown Central Liwan for Nesto
02
Midtown Central Retail 3, DLRC
03
Midtown Central Retail 4, DLRC
04
Midtown Central Retail 5, DLRC
05
World Island Future Project
Our
Companies
01
Ark Proventus Real Estate L.L.C
A real estate investment agency based in Dubai, specializing in off-market opportunities for ultra-high-net-worth individuals and institutions.
Website: www.arkproventus.com
02
Eleven Creative Strategy FZ L.L.C
An award-winning digital and branding agency that creates impactful brand strategies and visual identities.
Website: www.elevencs.com
03
R.M.D Real Estate Development L.L.C
A company that develop manages and executes real estate projects.
04
J3 Mall L.L.C
J3 Mall is a community-centric shopping destination located in the prestigious residential area along Al Wasl Road. It offers a diverse mix of outlets, activities, and amenities to cater to a wide range of customers and visitors. This unique, multifaceted development is designed to provide an exceptional shopping experience, combining retail, dining, and entertainment into one comprehensive and dynamic space.
Website: j3mall.com
05
RKG Investments L.L.C
Focuses on investing in and managing commercial ventures.
06
RAK Real Estate L.L.C
Ownes and Manages Midtown Central Malls and Retail Complexes.
Website: midtown-central.com
Our
Hotels
01
Grand Kingsgate Waterfront Hotel by Millennium
02
Kingsgate Hotel Al Jaddaf by Millennium
03
Kingsgate Canal Hotel by Millennium
Our
investments
01
Solitair Holding Limited
02
Wahed investment
03
Okadoc
04
Pillarium Ventures
Interested in working together?
Welcome to Karmastaji Group, a distinguished privately owned conglomerate headquartered in Dubai, UAE.
Navigation
Location
J3 mall 2nd floor,
Dubai, UAE
Dubai, UAE
Working hours
9 am – 6 pm Monday to Friday
2025 Karmastaji Group