The Shaikhani Group has announced the launch of its new subsidiary - ‘Shaikhani Developments’, a new property development, contracting and project management company, which will oversee development, construction and project management activities. As the UAE continues to lead other Gulf countries in investments into real estate projects, Shaikhani Developments is eyeing the burgeoning opportunities in the country amidst latest reports, which reveal that the country will account for 44 per cent of total regional investments in real estate by 2013.
Shaikhani Developments offers a range of services within real estate development, construction and project management, including residential, commercial, and mixed-use projects within the UAE. Comprised of a powerhouse team of dynamic innovators, the new developer is focused on providing landmark property developments and affordable high quality property options for clients. With a polished approach to delivering high return investments with low risk, Shaikhani Developments will leverage the thirty years of industry expertise by the Shaikhani Group.
“The global financial crisis has tested the resilience of the UAE property market, and although the country is yet to completely break out from the clutches of the credit crunch, this phenomenon has underlined the inherent strength of its economic foundation and has brought about significant changes to business models and processes,” said Rizwan Shaikhani, Managing Director, Shaikhani Developments. “The launch of our new subsidiary is a testament to our strong confidence that the UAE is headed for an outstanding recovery. We are looking forward to unveiling our first projects, which will be marked by breakthrough designs and unparalleled quality.”
The developer’s mission is to build a portfolio of high quality projects and open up project management opportunities by offering affordable residential complexes and business towers. Taking into consideration the learnings from the economic slowdown and its huge impact on the real estate market, Shaikhani Developments is committed towards transparency and honouring its promises to customers and shareholders, in addition to observing environment-friendly practices and implementing social responsibility initiatives.
“We have studied the current market trends and its movement in the coming years and we are basing our plans on learnings, which will ensure strategic moves that will yield excellent returns for our investors. At present, we are looking at opportunities to build within leading master developments Mizin and Jumeirah Village. In the long term, expansion to the rest of the GCC is also in our agenda,” concluded Shaikhani.
© 2010 Mena Report (www.menareport.com)
