Shaikhani Group launches UAE development firm

The UAE property market is back, according to Shaikhani Group.

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The Shaikhani Group has announced the launch of its new subsidiary ‘Shaikhani Developments,’ a new property development, contracting and project management company. 

According to company management, the move comes in response to recent reports claiming the UAE will account for 44% of total regional investments in real estate by 2013. 

“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 company managing director Rizwan Shaikhani.

“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. 

“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.

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