Real estate to account for USD 250 billion of planned projects for the region from 2010 to 2013

Real estate to account for USD 250 billion of planned projects for the region from 2010 to 2013

Shaikhani Developments aims to leverage stability of the region’s real estate market

March 30, 2010

The real estate industry is expected to account USD 250 billion of the planned projects, or more than one-third across all sectors in the region from 2010 to 2013, which collectively amounts to USD 717 billion, according to latest market statistics. The past several years have also witnessed the majority of GCC investments directed towards the real estate segment, while data on future planned projects sourced from MEED Projects show that the growth trend will continue in the coming years. In line with positive projections on the market, Shaikhani Developments, the development, construction and project management arm of the Shaikhani Group, has announced its aims to leverage the stability of the region’s real estate industry and establish a leading position in the construction sector.

In addition to the real estate sector, the region is also witnessing productivity in other industries, with the construction of a considerable number of hospitals, roads, railways, and airports in full swing across the GCC. Accordingly, Shaikhani Developments is also looking at extending its expertise to the infrastructure sector, where it can leverage its experience in building a wide variety of projects, from high-rise structures to mixed-use developments.

“Amidst the positive projections on the regional real estate scenario, we at Shaikhani Developments have aligned all our efforts with our strategy to create and maintain dedicated partnerships with clients by attentively monitoring all processes from start to finish, thereby ensuring maximum level of quality and client satisfaction,” said Rizwan Shaikhani, Managing Director, Shaikhani Developments. “Furthermore, we are also setting our sights on the burgeoning infrastructure sector, with recent reports indicating that infrastructure projects in the GCC will reach USD 205 billion by 2013. Looking ahead, we are planning to undertake a major expansion plan across the region’s most potential-laden markets, including Saudi Arabia, where USD 105 billion in infrastructure investments is set to rise within the next three years.”

Shaikhani Developments leverages the Shaikhani Group’s extensive experience in delivering high quality projects across the globe, which spans over three decades. Merging the latest technologies in construction with industry best standards in environmental-friendliness, health and safety, Shaikhani Developments employs a team of expert engineers, technical staff and office personnel, who are committed to building properties of the highest standards. The company’s services portfolio includes services within real estate development, construction and project management, including residential, commercial, and mixed-use projects within the UAE.

“Our focus will be to provide high quality work on schedule and within budget, and we intend to do this by employing techniques and operational processes that evolve and sufficiently address the demands of the market. At present, we are primarily targeting Dubai due to its sizeable construction activities both on-going and planned, and we are currently in discussion with several potential clients in the emirate. We are also looking forward to collaborating with government agencies, which will play an important role in the infrastructural development in the UAE and across the region,” concluded Shaikhani.

About Shaikhani Developments:
Comprised by a powerhouse team of dynamic innovators, Shaikhani Developments is focused on providing landmark property developments and affordable, groundbreaking investment options for its clients. With a polished approach to delivering high return investments with low risk, the property development arm of the Shaikhani Group leverages thirty years of industry expertise of its parent company. 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. Guided by its philosophy – ‘Envisioning Opportunities’ – the ISO-certified company maintains the highest global standards for quality and environmental management to provide premium quality properties and an elite level of customer service to contribute to the growth of its clients’ assets.

UAE real estate market to witness a demand-supply balance in 2010, says Shaikhani Group

UAE real estate market to witness a demand-supply balance in 2010, says Shaikhani Group

Company asserts commitment to go ahead with construction of all launched projects worth AED 1.34 billion

March 08, 2010

Amidst expectations that the UAE’s economy will rise by 3.2 per cent in 2010, Shaikhani Group, a multibillion dollar international business conglomerate with interests in real estate development, trading, manufacturing and IT, has predicted that the country’s real estate market is poised for demand-supply balance this year. A representative from the company referred to recent data released by Proleads and added that despite the cancellation of 566 projects in the UAE, a total of 806 properties currently under construction are expected to be delivered soon, and this will help attain stability in the property sector. Amidst all this, the Group is assuring its investors of its commitment to go ahead with construction of all its launched projects, which have a collective value of AED 1.34 billion.

With transparency as its utmost priority, Shaikhani Group has reported that construction on its ‘Champions Towers I’ (CTI), ‘Champions Towers II’ (CT II) and ‘Champions Towers III’ (CT III) projects is witnessing continuous progress. The leading property developer reported that it has already 14 levels of CTI, 8 out of 13 floors and 7 out of 15 floors for CT II and CT III respectively. Furthermore, it has also completed nine out of the ten levels within ‘Cambridge Business Centre’ (CBC) project, its inaugural commercial venture located in Dubai Silicon Oasis. The company also previously announced that it is fast-tracking the construction of ‘Gardenia I & II’ and ‘Frankfurt Sports Tower I’, and has awarded various important contracts to a number of top contractors.

”Amidst the challenges of the current crisis, it is important to take a step back and a closer look at the big picture, identify the opportunities to make out the best route towards recovery,” said Abu Baker Shaikhani, Chairman, Shaikhani Group. “We are confident that the Dubai Government is taking all the necessary efforts to drive back the real estate sector to its level in the past couple of years, and we are continuing our efforts to complete our projects within their specified timeframe, in line with our commitment to our investors.”

As part of its rebranding initiative, Shaikhani Group has unveiled its flagship subsidiary company – Shaikhani Developments, which offers a range of services within real estate development, construction and project management, including residential, commercial, and mixed use projects within the UAE. Fully-equipped to build high-rise structures, mixed-use developments, residential projects, manufacturing units, hotels, retail facilities and other commercial projects, the newly launched development arm also offers an extensive portfolio of services, which covers all aspects of construction and building from start to handover.

“Our recent rebranding reverberates our renewed strategy for growth, which now involves a more proactive approach to building processes, creating partnerships and providing services while remaining focused on timely delivery and topnotch quality. We are confident the coming year will be better for investors, us as an organisation and the property industry in general,” concluded Shaikhani.

About Shaikhani Group:
The Shaikhani Group has delivered over 30,000 units across the globe, and currently maintains presence within 90 countries spread across Asia, Africa, Middle East and Europe. With over three decades of experience in delivering unique offerings and services to its global customers, the Group boasts of extensive expertise in the real estate market, construction, manufacturing, trading and IT sectors. In addition to its successful business, the Group has also built a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development. As a socially-aware international corporation, the Group has devoted 19 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.

Memon Group unveils new brand identity ‘Shaikhani Group’

Memon Group unveils new brand identity ‘Shaikhani Group’

Leading conglomerate eyes 10 to 15 per cent growth in 2010

January 24, 2010

Memon Group of Companies, a multibillion dollar international business conglomerate with interests in real estate development, trading, manufacturing and IT, has unveiled its new brand identity - ‘Shaikhani Group’. Chairman Abu Baker Shaikhani has revealed that the move is in line with the Group’s new strategy for growth in the region, which involves undertaking of new projects and collaboration with leading industry partners. He further revealed that the Group aims to achieve a 10 to 15 per cent growth in 2010 and further expand its project portfolio.

The rebranding is also part of the Group’s efforts to build a closer association with its founding family - the Shaikhani’s, which the company believes will further strengthen its brand identity. All existing business under the Group’s former identity, which includes Memon Investments, Memon Real Estate Brokers Dubai, Rubber World Industries LLC, Gulf-O-Flex Trading LLC, Memon Developers UK Limited and Memon Real Estate Pakistan, are also slated to operate under the Shaikhani Group banner. The Group is further planning to diversify into the hospitality, medical, retail and education sectors in the near future.

“We are pleased to announce our new corporate name - ‘Shaikhani Group’, which represents our evolving strategy to further leverage the property, construction, manufacturing and trading sectors in the region as it undergoes an exemplary recovery phase,” said Abu Baker Shaikhani. “We needed to develop a brand identity that has a universal appeal and is in line with the personality and interests of our Group, to maximise our legacy spanning over three decades. The challenge in the current economic climate is to ensure that the message regarding the development cuts through to customers, partners, investors and end-users, and generates significant interests among them”.

Prior to the unveiling of the new brand identity, the Memon Group has delivered over 30,000 units across the globe, and maintained relevant presence in 90 countries spread across Asia, Africa, Middle East and Europe. Its property development arm - Memon Investments has a UAE portfolio comprising of prestigious projects, including ‘Champions Towers I, II, III, and IV’ and ‘Frankfurt Sports Tower I’ in Dubai Sports City; ‘Gardenia I & II’ in Jumeirah Village, and ‘Cambridge Business Centre’ in Dubai Silicon Oasis, all of which embody the developer’s trademark top-notch quality and uniqueness. The Group also boasts of extensive expertise in the real estate market, and a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development.


About Memon Group:

Having delivered over 30,000 units across the globe with a presence in 90 countries spread across Asia, Africa, Middle East and Europe, the Memon Group of Companies is presently commemorating three decades of delivering unique offerings and services to its global customers. In addition to its extensive expertise in the real estate market, the Group has also built a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development. As a socially-aware international corporation, the Group has devoted over 19 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.

About Memon Investments LLC

Founded as the property development arm of the international business conglomerate, the Memon Group of Companies, Memon Investments has grown to become a leading property player in the region offering a diversified portfolio of premium property projects. Guided by a tradition of excellence, the developer’s intense focus lies within its core competencies, specifically acquisition, design and development, consultancy, leasing and management of properties. Leveraging the Memon Group’s extensive real estate development experience, Memon Investments’ UAE portfolio comprises of prestigious residential projects including ‘Champions Towers I, II, III, and IV’ and ‘Frankfurt Sports Tower I’ in Dubai Sports City; ‘Gardenia I & II’ in Jumeirah Village, and its inaugural commercial venture - ‘Cambridge Business Centre’ in Dubai Silicon Oasis, all of which embody the developer’s trademark top-notch quality and uniqueness.