ANAX Developments
V-Suites
Business Bay, Dubai
From AED 1,620,000
- Payment plan50/50
- HandoverQ4 2026
- UnitsStudio – 3 BR
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Developer profile
ANAX Developments
Every ANAX Developments off-plan launch on Sovereign, with prices, payment plans and handover dates side by side.
- Projects on Sovereign
- 3
- Prices from
- AED 560,000
- Handover
- 2026–2027
- Areas
- 3
About ANAX Developments
ANAX Developments is the property arm of ANAX Holding, the UAE investment group that Satish Sanpal set up in 2018, and the developer itself started trading in January 2024. Raja Alameddine took over as chief executive in May 2026.
Brand partnerships shape much of its work. ELLE Residences Dubai Islands uses the ELLE name under a licence from Lagardère, with design by The One Atelier and ARQUINAUT, and the company also has launches in International City Phase 2 and Business Bay.
Off-plan
Projects by ANAX Developments.
ANAX Developments
Kyomi Residences
International City Phase 2, Dubai
From AED 560,000
- Payment plan30/70
- HandoverQ4 2027
- UnitsStudio – 2 BR
ANAX Developments
Elle Residences
Dubai Islands, Dubai
From AED 2,150,000
- Payment plan30/70
- HandoverQ4 2027
- Units1–3 BR
Where ANAX Developments builds
Communities with ANAX Developments launches.
Business Bay (1 ANAX Developments project) · International City Phase 2 (1 ANAX Developments project) · Dubai Islands (1 ANAX Developments project)
What our data shows
Buying ANAX Developments off-plan.
30/70
Most common plan
Construction / handover split on 2 of 3 listed projects. Each project page shows its own milestones.
2
Handover years
Listed handovers: 2026, 2027.
1
Golden Visa flagged
Projects flagged for Golden Visa in our data. Eligibility depends on the price and status of the specific unit.
1
Property type
Apartment.
From Sovereign's project listings.
FAQ
Questions about ANAX Developments.
Which group owns ANAX Developments?
ANAX Holding, founded in 2018 by Satish Sanpal, who chairs the group.
Who is the chief executive of ANAX Developments?
Raja Alameddine, appointed in May 2026.
Whose licence lets ANAX Developments use the ELLE name?
Lagardère's. The French group owns the ELLE magazine brand.
Who designed ELLE Residences Dubai Islands?
The One Atelier, working alongside ARQUINAUT.
Off-plan advice
Questions about
ANAX Developments?
Ask about current launches, payment plans and availability. We will be in touch.