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

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 10315 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


Back to Top  
Most Viewed Press Release posted in the last 7 days
Top Perfume Picks for Mother's Day @ Glambeaute.com
Filorga Launches Lift Range
Nissan's e-POWER technology wins environmental award
The Global Sensation UFO Lands in Europe at Cosmoprof 2018
Discover the MISA Cho Gong Jin Oriental and Herbal Skincare Range from Missha
Max launches its Inaugural Abaya Collection
Drink yourself to looking younger with Skinade
Mother's Day Offer from Blush N Curls Salon
It's Mother's Day!
Corporate Power Dressing redefined at Kachins Signature
The V-Tox Facial by Linda Meredith Skincare
Al-Futtaim Honda launches 10th generation Honda Accord
GMC sets a new GUINNESS WORLD RECORDS title in partnership with Abu Dhabi Police
LULU Organic Food Activation
The only line you'll love in your face – your perfect jawline!
OMEGA Launches its NATO Strap “Pop-Up Boutique” in Paris
ba&sh's Spring-Summer collection 2018
Raymond Weil introduces the Maestro Blues
Cadillac Alghanim kicks off world-class opportunity in Kuwait
GUESS Unveils the Kids Spring 2018 Collection and Campaign
A Meet & Greet with the Pakistani Cricket Sensation Umar Akmal
Milan-san Remo a Dream Target as Uae Team Emirates Announce Super-seven Line Up
The Spring Summer 18 Womenswear Collection
Beyond Beauty partners with Platinum Records to position teen sensation Hala Al ...
Awqaf and Minors Affairs Foundation Attracts 1200 Emirati Job Seekers at Careers...
Join the UAEs first Women's Warrior Challenge.
Samsung Mother's Day Blurbs 2018
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum Inaugurates SIKK...
Scuderia Ferrari Father & Son Gift Set
Sanofi introduces innovative therapy to help address high unmet medical needs of...
UAE's first ICU Symposium attracts over 150 of GCCs top healthcare professionals
From Jade to Diamond
SOUQ welcomes 3M's innovative products to serve everyday customer needs
10th Emirates Airline Festival of Literature Ends with a Bang!
Velvet Caviar meets Roger Dubuis Diva power
Lufthansa Group achieves best result in its history
Top Picks for Babies & Kids @ Glambeaute.com
Centrepoint Partners With Anghami To Launch New Talent Sessions
Alexey Firsov Solo Exhibition
Agreement signed in the presence of His Highness Sheikh Mohammed Bin Zayed Al Na...
Dubai ranked amongst the world's top destinations for FDI in the real estate market
Business of beauty goes green at Beautyworld Middle East 2018 as Natural & Organ...
Dubai WoodShow takes off with more than 300 exhibitors from 55 countries and six...
2XL launches “Caspar” living room collection in grey
10 Must-see Activities at Dubai International Horse Fair This Week
IKEA launches the OMEDELBAR limited-edition collection!
Galeries Lafayette Le Gourmet Food Fest returns back to City Walk
24,208 school pupils take part in inspirational ‘lema?' sessions
Sleep deprivation in children can lead to obesity and diabetes