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Shaikhani delivers 100 new Dubai residential units

DUBAI, May 29, 2017

UAE-based developer Shaikhani Group said it has handed over 100 residential units at its Dh150-million ($41 million) Champions Tower I, a 15-storey property offering a total built-up area of 114,124 sq ft in Dubai Sports City, to the customers.

This comes following the group's announcement in February on the delivery of 135 units in the tower, said a statement from the developer.

Last year, it had handed over 224 units, thus raising the number of deliveries to 359 apartments in a year.

Shaikhani Group said families are in the process of moving in after getting the necessary No-Objection Certificates (NOC) from the concerned departments. As many as 48 families have moved in till date, it added.

The UAE developer 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.

“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,” remarked Mahmood Shaikhani, the managing director.

The Champion Tower I, designed by Al Sarh, a leading architectural design firm, boasts 49 studios, 50 one-, 30 two- and six three-bedroom units.

The property has 135 car parks and is equipped with a swimming pool, spa and gymnasiums, under-ground parking, 24-hour security and three high-speed elevators.

"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," stated Shaikhani.

"As a long-term player in the UAE’s real estate market, the group has a strong development pipeline with more than 2,100 apartments and office space worth Dh3.5 billion ($952 million)," he added.
 
The Shaikhani Group has three other freehold mixed-use developments planned for Jumeirah Village South.

Work is progressing well at 11 of its projects that will deliver 2,100 residential and commercial units in Dubai Sports City, Jumeirah Village Circle and Dubai Silicon Oasis.

"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," he added.-TradeArabia News Service




Tags: Dubai | residential units | Shaikhani |

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