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Shaikhani Group has delivered 324 residential units in 2016 and 2017 with more deliveries in the pipeline as the group executes Dh3.5 billion worth of projects involving 2,100 residential units within 12 towers in Dubai
Dubai, UAE - Dubai-based developer Shaikhani Group today announced the handover of 100 units of Champions Tower 1 to its customers.
Families are in the process of moving in after getting the necessary No-Objection Certificates (NOC) from the concerned departments. As many as 48 families have moved in till date.
The group announced the delivery of 135 units in the Dh150 million Champion Tower I in February this year. The delivery of these units follows the handover of 224 units last year, raising the number of deliveries to 359 apartments in a year.
The group currently has five projects that are under construction, including three in Dubai Sports City and one in Jumeriah Village Circle. They are yet to award any contracts this year.
“As a customer-centric responsible property developer, we continue to try to exceed our customers’ expectations. That’s why delivery of projects is very important to us. We are targeting the handover of three projects by the end of 2018,” said Mahmood Shaikhani, Managing Director of Shaikhani Group.
The 15-storey Champion Tower I is designed by Al Sarh, a leading architectural design firm and with this flagship series of projects, the UAE-based real estate group aims to set up state-of-the-art facilities supporting both luxury living and a healthy lifestyle.
Spanning a total built up area of 114,124 square feet, Champions Tower I has 49 studios, 50 one-bedrooms, 30 two-bedrooms and six three-bedrooms. It has 135 car parks. The Tower is also equipped with a swimming pool, spa and gymnasiums, under-ground parking, 24-hour security and three high-speed elevators.
The Shaikhani Group has three other freehold mixed-use developments planned for Jumeirah Village South. These include the Dh150-million ($40.8 million) Gardenia Residency, a four-storey mid-rise (with a basement and ground level) comprising 132 studios, one-, two- and three-bedroom units, lofts and retail space; the Dh200-million ($54.45 million) Gardenia Residency III, featuring three basement levels, a ground floor, three podium levels above which are 13 upper levels accommodating studio, one- and two-bedroom units; and the Dh320-million ($87.12 million) Gardenia Residency IV, comprising three basement levels, a ground floor, four podium levels, 27 upper levels and a retail level offering studio, one-, two- and three-bedroom units, and retail spaces.
“Our aim is to attract end-users and small families to shift from rented homes to their own freehold homes without putting much strain on their finance – which is a major issue with fixed-income small families,” Mahmood Shaikhani said.
“Delivery of homes at the Champions Tower I will help boost the real estate market in Dubai that offers a wider choice to the end-users who can now choose the best options available in the market. As a long-term player in the UAE’s real estate market, Shaikhani Group has a strong development pipeline with more than 2,100 apartments and office space worth Dh3.5 billion.”
Shaikhani Group is developing 11 projects that will deliver 2,100 residential and commercial units in Dubai Sports City, Jumeirah Village Circle and Dubai Silicon Oasis. Of these, the company is in advanced stage of completion of Dh1.5 billion worth of projects involving 1,250 units while the rest are at the beginning of the development cycle that are expected to be completed by 2020.
Four of these projects will be located at the Jumeirah Village Circle while one in Arjan at Dubailand.
Shaikhani Group, which comprises of 12 business entities, employs more than 350 people with an annual turnover exceeding Dh220 million (US$70 million). The group is credited to have delivered more than 30,000 residential units in Pakistan and UAE, making it one of the largest property developers in Pakistan.
The company’s existing projects that are being developed, includes Champions Tower I, II, III and IV and Frankfurt Sports Tower – all located within Dubai Sports City as well as Cambridge Business Centre at Dubai Silicon Oasis.
Founded by the late Abu Baker Shaikhani, a self-made entrepreneur and a realtor in Pakistan, the group has come a long way to establish itself as a global conglomerate with footprints in different countries across the world. The group’s businesses are being led by the second generation, Abu Baker Shaikhani’s four sons who were personally trained by the patriarch.
About Shaikhani Group
Shaikhani Group traces back its origin in 1978 in Pakistan when Abu Baker Shaikhani, a Pakistani entrepreneur, started a business in selling tea.
He later added masala, soap and household items to his list of products. After gaining experience in many trades, he focussed on property business initially in buying and selling of properties in the Sindh state of Pakistan, mostly in Karachi – the country’s largest city.
In 1978, he ventured into real estate development and undertook a residential project with 600 apartments. He successfully delivered them. This marked the real foundation of the Shaikhani Group.
The company went on to become one of the largest private sector property developers in Pakistan. In 2013, it delivered 3,200 apartments – the largest in the country that year.
By 2015, the company delivered more than 30,000 residential in different parts of the world. Leveraging on its strengths for successful real estate development worldwide, the group later identified untapped, emerging and growing markets, and diversified its source of revenues by expanding trading, manufacturing and other businesses.
Overseeing the global operations of the multi-billion dollar international business conglomerate with diversified interests in real estate development, trading, manufacturing and IT, the group is presently headquartered in Dubai and spread across 90 countries in Asia, Africa, Europe and the Middle East.
For more information, kindly contact:
Ahmed Naviwala
Shaikhani Group
PO Box: 41950, Dubai, U. A. E
Tel : + 971 4 3649265
Fax : + 9714 3649268
Email : marketing@shaikhani.com
Nasir Iqbal
Pan Asian Media
PO Box : 39865, Dubai, UAE
Tel : +9714 2281021
Fax : +9714 2281051
Email : n.iqbal@panasian1.com
© Press Release 2017
