Dubai-based developer launched Dh220 million project, Gardenia Residency, part of a Dh3.5 billion project portfolio that are in various stages of execution, as it continues handover of properties to buyers
- Shaikhani Group hands over 224 units in 2016
- Group project portfolio reaches Dh3.5 billion
- Shaikhani Group achieves 7 per cent growth in business in 2016, up from 2015
Dubai, January 02, 2016
Dubai-based property developer Shaikhani Group has handed over 224 units in 2016 – a somewhat challenging year for the industry – when the company also announced the Dh220 million Gardenia Residency, part of Dh2 billion project announcement that will keep the developer busy well beyond Expo 2020.
Mahmood Abu Baker Shaikhani, Managing Director of Shaikhani Group, says, the company’s business has been growing due to investor confidence in the group as it continues to deliver project.
“Our success in sales activities is due to a strong teamwork and customer-centric approach that helped customers to buy properties from us and we are glad to have delivered 224 units in a single year,” Mahmood Shaikhani says.
“The strong delivery track record in 2016 – that has helped boost our credibility as a developer amongst the buyers and investors. A developer’s credibility is built on how efficiently he delivers the project and the quality of the finishing – that’s all matters to the end-users. I’m glad that the customers have retained their faith in our company and we have continued our development and delivery business amid tough market conditions.”
The group is planning to hand over more projects in 2017 – that will further strengthen the group’s credentials and boost investor sentiment and attract more buyers to its projects.
The group’s success comes at a time when the company is spearheading its real estate development business and expanding to a new level with total development portfolio value touching Dh3.5 billion involving the development and delivery of 2,100 residential units spreading across 12 towers. The group has been bestowed upon with three back-to-back high-profile industry awards.
“These achievements are further endorsed in multiple awards that are direct recognition of the strong team efforts within Shaikhani Group. These industry-leading awards reflect our customers’ trust on us and the business community’s sincere appreciation of our works,” Mahmood Shaikhani says. “There are very few business entities who win such prestigious international awards one after the other in such quick succession. The multiple awards are three living testimonies of our quality work and our contribution to the region’s real estate and construction sectors.
“Shaikhani Group is one of the few private sector property developers who managed to steer out of the biggest economic recession and managed to deliver projects. I’m glad to announce that we are on track for the delivery of the rest of the projects.”
In 2016, the group has increased its headcount due to a massive jump in portfolio value as well as sales, marketing and operational activities. With these sales, marketing, construction and development activities, Shaikhani Group is emerging as one of the major property developers in the country.
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.
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