The real estate market in Dubai is currently experiencing a remarkable
boom, with house prices and rents soaring to unprecedented heights. Popular
communities such as Dubai Hills and Palm Jumeirah are at the forefront of this
surge, commanding substantial premiums for villas and apartments. Amidst this
thriving market, the Shaikhani Group of Companies, a well-established
conglomerate in the real estate sector, is making a significant impact with its
high-quality residential and commercial properties.
The Boom in Dubai's Real Estate: Recent research by Chestertons MENA
for Q3 2023 has highlighted a staggering increase in house prices by up to 34
percent and rents by 46 percent in some areas of Dubai over the past year. This
growth is driven by high buyer demand, particularly in sought-after communities
like Dubai Hills and Palm Jumeirah. The premium villas and apartments in these
areas are attracting considerable attention, marking a lucrative period for
real estate investors and developers.
The Shaikhani Group’s Legacy and Growth: Founded by Mr Abubakar Shaikhani
over three decades ago, the Shaikhani Group has established itself as one of
the fastest-growing real-estate conglomerates in Karachi.
From its initial project, Tower 3 Apartments in Gardenia, the Shaikhani
Group has diversified its portfolio, currently managing projects across various
cities in Pakistan and Dubai. Its most recent venture, Reflections Apartments
at Rabia Enclave Phase 1, is a testament to the group’s commitment to quality
and innovation.
Re-establishing its Footprint in Dubai: After a brief period of
consolidation, the Shaikhani Group is re-establishing its presence in the Dubai
real estate market. With two decades of experience in developing high-quality
residential and commercial properties in both Dubai and Karachi, the group is
once again poised to make a significant impact. Operating under the banner of Real
Estate Developers Shaikhani Group, the company has a strong track record of
success and is well-positioned to capitalize on the current market upswing.
As Dubai's real estate market continues to soar, the Shaikhani Group
stands out as a key player, leveraging its rich history, extensive experience,
and a solid foundation in real estate development. With a portfolio of
high-quality properties and a presence in some of the most lucrative markets in
the region, the group is well-positioned to thrive in this dynamic and booming
sector.
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