Shaikhani
Group, one of the most influential real estate developers in Dubai, is back
with its new venture. The company had its glorious past during the nineties and
even after a brief phase of some lean years, they are back again with a bang.
Based out of Gardenia, Rabia Enclave, and The Motorcity, the Shaikhani Group
has been developing high-quality residential and commercial properties in Dubai
and Karachi for the last two decades under the banner of Real Estate Developers
Shaikhani Group. When it comes to their associates, we have seen some of the
best on this list as well. Here’s everything about them!
With
a strong presence in Gardenia, Rabia Enclave, and The Motorcity, the Shaikhani
Group is one of the most prominent real estate developers in Dubai. Despite
facing a few setbacks in the past, the company has made a successful comeback
and continues to flourish. Under the Real Estate Developers Shaikhani Group
banner, the company has been delivering top-notch residential and commercial
properties in Dubai and Karachi for the last two decades. The company has
collaborated with some of the best associates in the industry.
Dubai sees 612 sales transactions on Tuesday May 23.
The Dubai real estate market recorded AED3.5bn ($955m) of property transactions
on Tuesday, according to Land Department data. The sector saw 612 sales
transactions worth AED2.51bn, in addition to 126 mortgage deals of AED613.53m,
and 20 gift deals amounting to AED368.66m. The sales included 552 villas and
apartments worth AED1.38bn, and 60 land plots worth AED1.13bn. The mortgages
included 90 villas and apartments worth AED261.07m and 36 land plots valued at
AED352.47m. Earlier in the day, it was reported Dubai witnessed its fastest and
biggest real estate deal with the sale of an AED50m penthouse in just three
days. The property is located in the FIVE Luxe Sensoria Tower. The buyer was a
first-time investor from the Netherlands, seeking to expand his business to the
UAE. The transaction was made by Penthouse.ae, the luxury division of
Metropolitan Premium Properties. The penthouse features five bedrooms and spans
over 7,900 square feet; each resident will have their own private entrance and
coastal views.
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