Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Shaikhani Group Lauds Cityscape for allowing Onsite Property Sale
 
Shaikhani Group Lauds Cityscape for allowing Onsite Property Sale
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 : Dubai PR Network Editorial Team
Viewed 5728 times
PR Category : Real Estate & Retail
Posted on : Tuesday, September 12, 2017  4:00:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Saudi Investors to Keep Faith in Dubai Real Estate - Develop...
Next Story : Cityscape Global Awards for Emerging Markets Celebrate Inter...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Huawei unveils the long-awaited HUAWEI Mate 10 and HUAWEI Mate 10 Pro [13932-Views]
Glamazle.com introduces Super Matte ‘Glambry' lip tints for the perfect pout [10120-Views]
Level Shoes Hosts Christian Louboutin for “Dear India” [9998-Views]
SCTDA ‘My Destination' Program Kicked Off with SUC Students [8876-Views]
ICONIC Youth Fashion Show Experience [8778-Views]
Diamonds Are Everyone's Best Friend! VOD Dubai International Jewellery Show 2017 Makes Its... [8089-Views]
PUMA X Photographer Gunner Stahl For Autumn/Winter 2017 [8070-Views]
The Rado True Shadow - Limited edition timepiece co-created with Japanese designer Kunihik... [7918-Views]
Reinventing Raymond Weil's Emblematic Chronograph - The Refined Swiss Watchmaking Expertis... [7710-Views]
Beauty Night Is Back at Sheraton Dubai Creek [7686-Views]
Glambox.me - Get Glam On The Go [7046-Views]
The Lacoste 12.12 Kids Collection [7009-Views]
Versace Fall/Winter 2017 Collection [6911-Views]
MICHAEL Michael Kors: Fall 2017 Sadie Large Leather Satchel [6747-Views]
Dubai Chamber concludes high-level trade mission to Malta [6570-Views]
GUESS Launches Stunning Array of Collections for Fall17 [6429-Views]
Coffee at the touch of a button with ‘Quespresso' [6405-Views]
Maserati Merchandise Products [6399-Views]
Introducing FitFuse by COÉGA Sunwear [6167-Views]
More café re-opens its doors [5960-Views]
Humaid Mohammed Al Qatami, Director General, Dubai Health Authority Officially Opens Visio... [5941-Views]
‘brands4u', the biggest factory outlet opens in Reef Mall, Dubai [5874-Views]
Renault KOLEOS achieves five-star Euro NCAP rating [5856-Views]
Regional Storytelling Takes Centre Stage at DIFF With Muhr Feature Category [5819-Views]
Johnson's Baby Cleans Up the Clutter for Millennial Mums at Exclusive Event [5685-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories