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 11871 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”
Caudalie The Des Vignes
Trend Alert! Summer Can Never Be a Forgotten Memory With kate spade
Get Your Summer Glow From Within
Palmer's Coconut Oil Formula for Body and Hair
Corum Presents La Grande Vie
Caudalie and Al Jalila Foundation Join Hands for the Launch of ‘Glamour for Good'
Express Your Signature Style
The Memovox Adventure
Tissot Lepine It's making a comeback Vintage
LG launches new AI-powered premium LG G7 ThinQ+ flagship for GCC consumers
The Rado HyperChrome Skeleton Automatic Chronograph Limited Edition
Sandooq Al Watan and DarkMatter Launch Second Phase of "Emirati Coder"
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
OMEGA's second "Speedy Tuesday" sells in 01:53.17
The Lacoste Family Capbreton Collection
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
Dubai Parks and Resorts and GEMS Education launch the second annual Summer Camp
Cerruti 1881 Infinite Love
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Olivia Burton Watercolour Florals
Beat the heat with mini dresses
Director of Dubai Customs discusses fostering business with South Korean Consul ...
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall
World-first as the F1® Innovation Prize prepares to transform fan's winning tech...
Enjoy an all-day breakfast at Sophie's Café
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliv...
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Airbus unveils winners of its ‘Entaliq in KSA' initiative
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Outstanding Guide programme launched by Sharjah Museums Authority
Tissot T-Race Cycling An adrenaline-fuelled ride
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Shopping assistance for Arabic-speaking passengers in the summer months
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Launch of PINAR Water - Turkey
Cromia Offers Amazing Discounts during DSS
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
2XL launches luxurious Louna sofa set in velvet
‘Green' retailers to continue to gain traction with consumers
New hope for patients as world's first and only approved therapy to treat two ty...
Emirates makes history with one-off A380 touchdown in Islamabad
Dubai Camel Racing Club Honours Al Tayer Motors
Finnair launches off-airport baggage collection and check-in service in London w...
DKNY Fall 2018
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
DALBY and its 50 years of experience in hydraulic hooklifts will be present at t...