GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate

 
  Share
Shaikhani Group is showcasing Dh900 mln worth of properties
  1. The group so far completed projects worth Dh450 million with 359 units. Total 180 apartments have been sold out in till August 2017.
  2. Developers are euphoric about selling and getting ROI right onsite
Dubai, UAE, September 12, 2017:  Dubai-based  property developer Shaikhani Group lauded Cityscape and authorities on their decision of allowing the property developers to sell properties at their stands at the exhibition, which will run from 11 to 13 September, 2017 at Dubai World Trade Centre.
 
Shaikhani Group so far completed projects worth Dh450 million with 359 units.  Total 180 apartments have been sold out in 2017.
 
Mahmood Shaikhani, Managing Director of Shaikhani Group, said: “The historic decision of selling properties and making real estate transactions onsite will bring more transparency to Dubai's market, attract investors and increase the number of visitor footfall, which will eventually contribute to the UAE economy.” 
 
The important factor to take note of is that developers with projects based in the UAE will be permitted to make sales on the show floor, in accordance with the rules and regulations administered by the local land departments and municipalities in the emirate in which the property is located.
 
The JLL's Global Real Estate Transparency Index 2016 says Dubai remains the most transparent real estate market in the ME region MENA region. It reiterated the Dubai Government and the Dubai Land Department are creating more opportunities for potential investors through efforts to improve transparency.
 
The decision was prompted by the last year's findings of Cityscape Global survey that found that close to 30 per cent of attendees were individual and bulk investors, while 68 per cent of visitors confirmed they intended to conduct business. The YouGov attitudinal survey, conducted in partnership with Cityscape and commissioned ahead of Cityscape Global last year – revealed that 42 per cent of GCC investors see the UAE as the most attractive country to invest in.
 
Shakhani Group is showcasing Dh220 million Gardenia Residency and Dh80 million Cambridge Business Centre which is a 2B+G+9+Health Club and spans over 1,63,072 square-feet, having 116 commercial apartments.  Following the completion of 90 per cent construction work by Cairo Contracting Company, the main contractor for the business tower, Shaikhani Group, is currently proceeding with the handover plans of this project.
 
Another property that will showcased at Cityscape is the 15-storey residential Champion Tower 1 which spans over total built up area of 114,124 square feet, comprising total 135 housing units, which has 49 studios, 50 one-bedrooms, 30 two-bedrooms and six three-bedrooms. It has car parking for 135 vehicles. 
 
“We are glad that our properties are well received by the investors despite tough market conditions. That is all due to our right business approach, in right place, at the right time and with the right partner. We have a track record of delivering premium but affordable houses with timely delivery. Last year we successfully handed over 224 units, which reinforced our position in the market and strengthened investor trust in our properties.” Concluded Mahmood Shaikhani.



Posted by : GoDubai Editorial Team
Viewed 11932 times
Posted on : Tuesday, September 12, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Saudi Investors to Keep Faith in Dubai Real Estate - Developer
Next Story : Cityscape Global Awards for Emerging Markets Celebrate International Architectural Excellence
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN”
Get Your Summer Glow From Within
Palmer's Coconut Oil Formula for Body and Hair
Express Your Signature Style
The Memovox Adventure
Cerruti 1881 Infinite Love
Tissot Lepine It's making a comeback Vintage
OMEGA's second "Speedy Tuesday" sells in 01:53.17
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
The Lacoste Family Capbreton Collection
Olivia Burton Watercolour Florals
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Beat the heat with mini dresses
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
DKNY Fall 2018
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliv...
Enjoy an all-day breakfast at Sophie's Café
Tissot T-Race Cycling An adrenaline-fuelled ride
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen...
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie...
Travel Light with Beauty Essentials from Glambeaute.com
Dubai Camel Racing Club Honours Al Tayer Motors
Oh, Sweetie Lipcolour!
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2...
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Airbus unveils winners of its ‘Entaliq in KSA' initiative
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Enjoy DSS 2018 Offers at Parah
Go Down Memory Lane with Fashion Trends from the '90s
Outstanding Guide programme launched by Sharjah Museums Authority
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Launch of PINAR Water - Turkey
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Cromia Offers Amazing Discounts during DSS
2XL launches luxurious Louna sofa set in velvet
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
Summer Love by Mouawad
New hope for patients as world's first and only approved therapy to treat two ty...
Tommy Hilfiger Dressed Up Collections
Finnair launches off-airport baggage collection and check-in service in London w...
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
Experts urge residents to recognize early signs of Heart Disease
Take your mobile gaming to the next level
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM
Martin on a Mission as He Claims Sixth Spot for UAE Team Emirates in Stage Five ...
Mobile Fiesta at Jumbo Electronics this DSS 2018