31 January 2017Dubai-based developer starts delivering 135 residential units in the new year, adding to the 224 units delivered in 2016 as the company pushes ahead with its current project portfolio of 21 projects worth Dh3.5 billion News Announcement 1. Shaikhani Group starts handing over 135 apartments from February 2017 2. Group project portfolio reaches Dh3.5 billion 3. The company has already delivered 224 units in 2016 4. Company fast-tracks the construction of more projects
Dubai - Dubai-based property developer Shaikhani Group has announced the delivery of the Dh150 million Champion Tower I in Dubai Sports City as it starts handover process to buyers. The project hosts 135 residential units and residents are expected to start moving in a few days’ time.
The delivery of these units follows the handover of 224 units last year and will raise the number of deliveries to 359 apartments in a year – that reflects the developer’s strong commitment to its buyers.
Champion Tower I 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 135 car parks. The residents are scheduled to move in by the end of February 2017.
“Timely delivery of properties form an important aspect of our overall development business philosophy,” Mahmood Abu Baker Shaikhani, Managing Director of Shaikhani Group, said. “Timely delivery together with quality finishings makes the customers happy and our objective is to see more happy customers.
“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, and at the right time. 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.”
The 15-storey Champion Tower I is designed by the Al Sarh, a leading architectural design firm and managed by the British AMEC engineering consultants. Starfire Facilities Managements has been contacted to carryout maintenance works.
Shakhani added: “We put our best efforts to find and work with the leading architecture and engineering firms to give our investors quality products that yield better returns. That is how we make our properties an attractive choice for residents and investors alike.”
Champion Tower I is featured with swimming pool, fully equipped spa and gymnasiums, under-ground parking, 24-hour security and three high-speed elevators.
Shaikhani Group has planned further projects that will be announced during the coming year, that will further strengthen the group’s credentials and boost investor sentiment and attract more buyers to its portfolio.
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.
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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© Press Release 2017