Nepal’s Chaudhary Group moves global HQ to Dubai
- 27 de set. de 2025
- 3 min de leitura
Rahul Chaudhary, son of Nepal’s only billionaire Binod Chaudhary, is one of many wealthy expats to move his company’s headquarters to Dubai, attracted to the emirate’s fast-growing real estate market and reputation as a regional safe haven.
Group owns 200+ hotels
Trades in 12 countries
Gulf real estate ambitions
“Dubai is now our global headquarters,” Chaudhary, who is the managing director of CG Corp Global and a real estate development subsidiary, said this week.
He launched his latest Dubai project, the JW Marriott Residences on Dubai Islands, where units start from AED2.3 million ($625,000) for a one-bed and go beyond AED6 million for a three-bed apartment.
Around 500 brokers packed into the ballroom of the Ritz-Carlton DIFC for the announcement of a project that will include just 115 units when it opens in early 2028.
Chaudhary said the launch is one of “many more” to come as he wants to establish CG as a go-to developer in the region. He declined to talk about the exact number of planned projects.
“Dubai is such a colossal space of opportunity. We want to do retail, we want to do residences, we want to do offices.”
His sales team said prices in Dubai Islands have increased by around a third compared to last year. The island has had 2,600 real estate transactions this year, a 150 percent increase, they said.
The price per sqft is AED2,800 they said, about the same as the more established Business Bay area.
Dubai Islands was launched in 2004 as Deira Islands, but stalled in 2008 during the financial crisis. The project was revived in 2022, rebranded and with new promises of golf courses, beachfront and more than 80 hotels. To date, two major hotels exist on the island, Riu and Centara.
“It will take some time for [Dubai Islands] to get to Palm Jumeirah prices, by then I will have moved on to a different project,” he said, referring to the emirate’s man-made island known for luxury hotels and residential property.
Chaudhary’s goal is to establish his name in the region as a developer, but not one of Dubai’s largest immediately. “I’ve no desire right now to be an Emaar or a Nakheel. You have to start small. What separates us from them? We are in 12 countries around the world, they are not.”
The group’s hotel business owns and manages a portfolio of over 209 hotels and resorts with 15,000 keys.
The group hasn’t dealt much with real estate in Dubai before now. It owns the Taj JLT hotel and residences, which opened in 2019. The emirate’s Land Department put that project’s value at AED470 million.
Chaudhary has lived in Dubai since August last year and a major factor in his decision to move his headquarters to the emirate was its reputation as a safe haven amidst the ongoing geopolitical tensions in the region. He believes the emirate has been awarded “the spoils of the war” as a result of the conflicts in Ukraine and Gaza.
“Everyone wants to move to Dubai because it is very neutral and it’s a safe place.”
When the Russia and Ukraine war broke out, Dubai saw an influx of wealthy Russians holidaying there, with many settling for good.
The UAE has become the global magnet for millionaires relocating, with more than 130,000 currently residing and around 9,800 more expected this year, according to this year’s Henley Private Wealth Migration Report
Asked how he feels being in Dubai in light of protests in his home country, Chaudhary said: “We are entrepreneurs, we have a vision. Our resolve and our objective to grow CG, which is a true Nepalese brand.
“Our resolve doesn’t stop. We are going to continue growing and Dubai is a good engine for that.”
By Josh Corder
September 25, 2025, 7:39 PM
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