Shaikhani delivers 100 new Dubai residential units
Dubai-based Shaikhani Group today announced the handover of 100 units of Champions Tower 1 to its customers
Dubai-based Shaikhani Group today announced the handover of 100 units of Champions Tower 1 to its customers.
The group announced the delivery of 135 units in the $40.8m (AED150m) Champion Tower I in February this year. The delivery of these units follows the handover of 224 units last year, raising the number of deliveries to 359 apartments in a year.
The group currently has five projects that are under construction, including three in Dubai Sports City and one in Jumeriah Village Circle. They are yet to award any contracts this year.
Mahmood Shaikhani, managing director of Shaikhani Group, said: “As a customer-centric responsible property developer, we continue to try to exceed our customers’ expectations. That’s why delivery of projects is very important to us. We are targeting the handover of three projects by the end of 2018.”
The 15-storey Champion Tower I is designed by Al Sarh, and with this flagship series of projects, the UAE-based real estate group aims to set up state-of-the-art facilities supporting both luxury living and a healthy lifestyle.
Champions Tower I has 49 studios, 50 one-bedrooms, 30 two-bedrooms and six three-bedrooms. It has 135 car parks. The Tower is also equipped with a swimming pool, spa and gymnasiums, under-ground parking, 24-hour security and three high-speed elevators.
The Shaikhani Group has three other freehold mixed-use developments planned for Jumeirah Village South. These include the $40.8m Gardenia Residency, a four-storey mid-rise (with a basement and ground level) comprising 132 studios, one-, two- and three-bedroom units, lofts and retail space; the $54.45m Gardenia Residency III, featuring three basement levels, a ground floor, three podium levels above which are 13 upper levels accommodating studio, one- and two-bedroom units; and the $87.12m Gardenia Residency IV, comprising three basement levels, a ground floor, four podium levels, 27 upper levels and a retail level offering studio, one-, two- and three-bedroom units, and retail spaces.
“Our aim is to attract end-users and small families to shift from rented homes to their own freehold homes without putting much strain on their finance – which is a major issue with fixed-income small families,” Shaikhani said.
“Delivery of homes at the Champions Tower I will help boost the real estate market in Dubai that offers a wider choice to the end-users who can now choose the best options available in the market. As a long-term player in the UAE’s real estate market, Shaikhani Group has a strong development pipeline with more than 2,100 apartments and office space worth AED3.5bn ($952.8m).”
Shaikhani Group is developing 11 projects that will deliver 2,100 residential and commercial units in Dubai Sports City, Jumeirah Village Circle and Dubai Silicon Oasis. Of these, the company is in advanced stage of completion of $408.3m (AED1.5bn) worth of projects involving 1,250 units while the rest are at the beginning of the development cycle that are expected to be completed by 2020.
Four of these projects will be located at the Jumeirah Village Circle while one in Arjan at Dubailand.