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ORO24

ORO24

United Arab Emirates
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Core Evaluation

Comprehensive assessment of developer's core competencies

Track Record

ORO24 was established in 2021 by Atif Rahman, former CEO of Danube Properties. In just a few years, the Dubai-based developer has launched 32 residential projects across both affordable and premium segments, delivering approximately 16.5 million sq.ft. and selling over 11,750 units to buyers from 150+ countries. Their main active developments include Elano (Arjan), Albero (Liwan), Levanto (JVC), Kyoto, Levanto, and Torino (Arjan). This rapid growth reflects aggressive expansion and market acceptance.

Financial Credibility

ORO24 reports over AED 11.5 billion in sales portfolio and has a broad broker network of 3,500+ agents. Its ability to fund and sell over 11,000 units in under four years shows strong financial backing. Founder credibility, combined with accolades like “Most Innovative Project of the Year” and “Real Estate Developer of the Year 2022,” suggest capital stability, though audited financials aren’t publicly available.

Project Quality

Projects by ORO24 feature modern, resort-style living with smart integration. Towers like Torino and Elano include studios and 1–2 bedroom units, rooftop pools, fitness centers, landscaped gardens, indoor/outdoor recreation zones, BBQ areas, cinemas, and EV charging. Units often come furnished and designed for urban lifestyles. Smart tech and premium finishes are highlighted, though quality consistency will need verification at handover.

Legal & Regulatory Standing

The developer operates from a Sheikh Zayed Road office and is registered with RERA. No public legal disputes, penalties, or regulatory warnings were identified, indicating compliance with escrow accounts, project registrations, and licensing requirements.

Customer Experience

On real estate forums, ORO24 is recognized for efficient project delivery and affordable pricing. One Reddit user noted that Elano sold well without a launch event, and that ORO24 leveraged pricing value in off-plan markets. A prospective buyer expressed interest in buying a studio at Torino due to its amenities—though requests for build-quality reviews indicate cautious optimism.

Market Reputation

Despite its newness, ORO24 has gained respectable visibility. The company has earned several awards regionally and won praise for its innovative approach and rapid sales performance. It is increasingly seen as a credible "tier‑2" developer that offers value-driven and well-packaged living products.

Innovation & Sustainability

ORO24 emphasizes smart technology, AI-driven process design, and sustainability. Projects target energy-efficiency and lifestyle convenience. Amenities such as EV charging, green spaces, and tech-enabled community services are core features.