for more detail contact us on http://shaikhanigroup.com/contact.html
Tuesday, April 30, 2019
Shaikhani Offers a multiple options for living in Dubai
for more detail contact us on http://shaikhanigroup.com/contact.html
One step at a time for Shaikhani Group
Shaikhani Group was founded four decades ago by my father, the late Abu Baker Shaikhani in Pakistan – from where it all started.
After the initial years of trading, he ventured into real estate and expanded the business as much as he could. The multi-billion dollar international business conglomerate has diversified interests in real estate development, trading, manufacturing and information technology.
Shaikhani Group, which is comprised of 12 business entities, employs more than 350 people with an annual turnover exceeding Dh220 million (US$70 million).
The group is credited to have delivered more than 30,000 residential units in Pakistan and UAE, making it one of the largest property developers in Pakistan. The company has come a long way in planning, development, construction and delivery of the projects – amid two economic slowdowns that wiped out most property developers forcing many projects to stall.
But the key was ethical business enriched with moral values. It is the moral and ethical fabric that is still driving our business, more than anything else. That’s why, we managed to navigate out of every crisis that came in our ways, including the 2008-09 global financial crisis that halted all our development activities in the UAE. But we managed to steer out of the crisis fair and square.
If all goes well, where do you see it going in the next five years? The next decade?
We have an ambitious business target that we announced last year. We have 11 real estate projects with a collective value exceeding Dh3.5 billion (US$ 950 million) that are in various stages of development.
These projects will deliver 2,100 residential and commercial units in Dubai Sports City, Jumeirah Village Circle and Dubai Silicon Oasis. The projects are being financed by our resources that include the cash flow being generated from the handing over of the existing projects.
We will hand over four projects this year and one next year – that will complete our existing six projects that are being completed and handed over to property buyers.
So, we expect to become a mid-sized property developer in the next few years, before we embark on larger projects. Dubai will remain the base of our global operations spanning across the GCC, Pakistan, United Kingdom and Canada.
What is the most important decision you’ve ever had to make for your company?
A few years ago, we were running short of cash and could not make payments for some of the ongoing projects, as the market remained bleak. I had to pull money from Pakistan – a large sum, to fix the problem in the UAE. It was tough, but I wanted to be fair to those who needed to be paid.
What’s the biggest challenge facing your industry today?
Investor confidence – or lack of it. With a weak global economic growth, lower oil price, people are holding on to their money and not investing it. So, the industry is suffering due to lack of confidence.
When faced with two equally qualified job candidates, how do you determine whom to hire?
The one who needs the job most.
What are three characteristics that you believe every leader should have?
Integrity, dynamic, visionary.
What advice would you give to someone going into a leadership position for the first time?
It’s okay to make mistakes. But it’s not okay not to learn from the mistakes.
Monday, April 29, 2019
Most successful achievement in Dubai of Frankfurt Sport Tower By Shaikhani Group
Handover of finished units has commenced at the AED338 million ($92 million) Frankfurt Sports Tower I (FST I) in Dubai Sports City, according to an announcement by developer Shaikhani Group.
Designed by Al Hatmy Design and Engineering Consultancy, and OST Constructional Projects LLC, the tower comprises 224 units, divided into 140 studios, 56 one-bedroom and 28 two-bedroom apartments, the announcement said. It also features ground-level and basement parking, a concierge desk, four high-speed elevators, a rooftop health club with swimming pool, gym and fitness facilities, a party hall and an outdoor terrace, as well as in-house maintenance team.
“With Dubai Sports City rapidly emerging as a world class sporting hub, we believe that FST I presents a compelling investment opportunity in addition to being a destination of choice for those who wish to embrace an active lifestyle in harmony with nature and the community,” said Mahmood Shaikhani, managing director at the Shaikhani Group of Companies.
“We are proud to be one of the early contributors to Dubai Sports City, which has been designed and developed with a view to provide a mix of residential, retail, leisure and recreational facilities. We would like to extend a warm welcome to all residents.”
Apart from FST I, the real estate division of the Shaikhani Group also has Champions Tower I, II, III, and IV in Dubai Sports City in its portfolio, as well as Cambridge Business Centre in Dubai Silicon Oasis.
The $3 billion Dubai Sports City community development is home to premier sports arenas such as a 60,000-seat football stadium, as well as educational, healthcare and retail facilities. It has been designed to accommodate more than 70,000 people over the 50 million square foot master development.
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