Schön Properties, one of the leading property developers in the UAE, said it has been conferred with the prestigious “Top Real-Estate Companies in the Arab World 2016” award by the Forbes Middle East.

The ceremony, held at Waldorf Astoria, Dubai Palm Jumeirah in Dubai, UAE, ranked the Arab world’s top 100 real estate companies and consultants and celebrated business leaders and the vision of top enterprises and their contribution to the economic development of the region.

Having delivered approximately 1.65 million sq ft in the UAE alone, and with successful projects running in other countries as well, Schon Properties has 8 million sq ft under development in the UAE valued at Dh7 billion ($1.9 billion).
    
Commenting on the award, Noorul Asif, COO of Schon Properties said: "This is certainly a proud moment for Schon Properties which has withstood a lot in the past one decade and has emerged successful."

With Dubai gearing up for Expo 2020, Schon, he stated, will be instrumental in plugging in the shortage of hotel apartments for the event and near the Al Maktoum International Airport area.

The developer plans to cover 2,600 keys for four-star hotel rooms in Dubai for the Expo 2020 and Al Maktoum International Airport’s growing tourist traffic.

As per news reports, Dubai is expecting around 25 million visitors from around the world during the six months of the event and there have been concerns over shortage of hotels close to the Expo 2020 site, he added.-TradeArabia News Service