Unlock Global Potential: Prime Investment Opportunities Await Overseas Investors

24-Feb-2024

Shaikhani Cultural City: A Joint Venture with DHA City

In a joint venture with DHA City, the Shaikhani Group is set to develop Shaikhani Cultural City in Sector 14 of DHA City. This ambitious project aims to be an architectural masterpiece and a cultural blend, encapsulating the essence of Pakistani culture, landmarks, and heritage, while also incorporating influences from renowned architectural wonders worldwide.

Shaikhani Cultural City will feature replicas of iconic Pakistani landmarks such as Lahore's Badshahi Mosque, Minar-e-Pakistan, Khyber Pass, Quaid-e-Azam's Ziarat Residency, Mazar-e-Quaid, Kothari Parade, and Frere Hall, as well as beautiful representations of Kashmir, Gilgit, and surrounding areas. The project will also include industrial malls, commercial and residential blocks with international themes such as Spanish, British, and Italian styles, showcasing traditional Pakistani craftsmanship and introducing tourists to the diverse cultural heritage of Pakistan.

The collaboration between DHA City authorities and the Shaikhani Group is a testament to their shared vision of creating a unique architectural venture that not only provides a serene living environment but also promotes cultural awareness and appreciation.

Quantity

• A mixed-use project featuring 125 and 500-yard villas, townhouses, and multicultural apartment buildings.
• Offering 2/3 bedroom apartments with a total of 3000+ apartments and 500+ villas and townhouses.

Value

• Affordable pricing ranging from 70 lac to 90 lac, with flexible payment plans spanning 3 to 5 years.
• The total value of the project is approximately 4.7 billion PKR, with Phase 1 estimated at 2.4 billion PKR and Phase 2 at 2.3 billion PKR.
• The focus is on attracting overseas investors to invest in Pakistan.

DHA City Karachi: A Sustainable Green Smart City

DHA City Karachi is an ambitious project by the Defence Housing Authority (DHA) that aims to transform over 11,640 acres of ordinary land into a high-end, diversified real estate development. Envisioned as a sustainable green smart city, DHA City Karachi focuses on centralized governance, inclusiveness, and sustainability of resources through the use of cutting-edge technologies. Located 56 kilometers from Karachi, the community is planned to be self-sufficient in water and electricity, ensuring a sustainable and eco-friendly living environment.

The project, with an estimated construction cost of 1 billion dollars, is set to include a wide array of facilities such as two theme parks, one hospital, one university, 20 colleges, and 40 schools, along with townhouses, healthcare facilities, educational institutions, a visitors center, a cafe, an amusement park, a clubhouse, and a mosque. Customer satisfaction remains a cardinal factor in DHA City Karachi's marketing strategy, with modern architectural design and civil engineering services embedded at the heart of its land development paradigm.

Shaikhani Group: A Multinational Diversified Business Conglomerate

The Shaikhani Group of Companies, formerly known as Memon Group of Companies, is a multi-billion dollar international business conglomerate with diversified interests in real estate development, trading, manufacturing, and IT sectors. Headquartered in Dubai, the group has a strong market presence across 90 countries in Asia, Africa, Europe, and the Middle East, thanks to a recent major restructuring initiative.

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Dubai's real estate market experienced a bumper year in 2023

 

The number of deals recorded in 2023 climbed to 166,400, worth $173 billion

Dubai's real estate market experienced a bumper year in 2023, with transaction numbers soaring to a record high of 166,400 deals valued at $173 billion, according to the latest figures from the Dubai Land Department. The total number of real estate transactions across various market segments reached 1.6 million, marking a nearly 17% increase compared to the previous year. The overall value of these transactions amounted to Dh634 billion ($172.6 billion), showing a 20% growth in deal value and a 36% rise in the number of transactions from 2022.

The emirate witnessed significant growth in new real estate investments, which surged by 55% to almost Dh412 billion, with 157,798 deals involving 113,655 owners. Notably, 71,002 of these investors were new to Dubai's property market, and non-resident investors constituted 42% of the total new investors.

Marwan bin Ghalita, acting director general of the Dubai Land Department, highlighted that these results demonstrate the strength and versatility of Dubai's economic performance, contributing to the emirate's goals under the Dubai Economic Agenda D33. Launched in January last year, D33 aims to double Dubai's economy by 2033 and position it among the top three global cities.

Dubai's property market has rebounded robustly from the pandemic-induced slowdown, supported by government initiatives such as residency permits for retirees and remote workers, and the expansion of the 10-year golden visa program. The residential market recorded its highest quarterly price increase in a decade in the third quarter of last year, driven by strong demand.

The emirate's population growth is also bolstering the real estate market, with 100,240 new residents in 2023, bringing the total population to 3.65 million. Female investors made a significant contribution, with 38,059 women investing Dh90.5 billion through 46,725 transactions. Additionally, Gulf investors were active, with 7,449 investors making 10,441 deals worth Dh30.75 billion.

Dubai's economy continued to expand, with a 3.3% growth in the first nine months of last year, following a 3.2% increase in GDP to Dh223.8 billion in the first half of the year.

Optimizing Mortgage Strategies in the UAE: The Benefits of 1-Year Fixed-Rate Refinancing and Investing in Shaikhani Group Developments

 

In the landscape of Dubai's real estate and mortgage refinancing, the Shaikhani Group emerges as a notable developer with a portfolio of projects that enhance the appeal of securing a mortgage in the UAE. With their focus on delivering high-quality residential and commercial properties, homeowners looking to refinance might find additional benefits by investing in or owning properties developed by the Shaikhani Group.

The group's developments are strategically located in prime areas of Dubai, offering state-of-the-art amenities and facilities that increase property value over time. This aspect is particularly important for homeowners considering a 1-year fixed-rate refinance deal, as owning a property in a high-growth area can offer better financial stability and potential for appreciation. Furthermore, some UAE banks may offer more competitive refinancing terms for properties associated with reputable developers like the Shaikhani Group, recognizing the lower risk and higher value attached to such investments.

Homeowners interested in refinancing and who currently own or are considering purchasing a Shaikhani Group property may find themselves in a favorable position. Not only could they potentially lower their EMIs by securing a fixed-rate deal in the short term, but they also stand to benefit from the long-term appreciation of their property, driven by the developer's commitment to quality and innovation.

As the UAE real estate market continues to adapt to global economic changes, including interest rate fluctuations influenced by the US Federal Reserve, the strategic choice of refinancing while investing in reputable developments offers a twofold advantage. It underscores the importance of selecting properties that will not only serve as a comfortable home or lucrative rental investment but also as a wise financial decision in the context of mortgage management and refinancing strategies.