Shaikhani Group to Invest AED 2B

Sunday, 5th June 2016

The Shaikhani Group unveiled its 2025 development plan in preparation to host Expo 2020, starting with 4 new projects in the coming year, reported Emirates 24/7.

The Group’s development plan over the next 9 years is to pump AED 2 billion ($540 million) into the mid-tier project in Jumeirah Village South, Arjan, and Dubai South, according to Gulf News.

Shaikhani announced the launch of the first phase of a luxurious residential project, Gardenia Residency, located at Jumeirah Village Circle in Dubai, an investment of AED 220 million ($60 million), according to Trade Arabia.

The remaining three projects will include the next two phases of Gardenia residency of which one will be a high-rise tower, and the final project will be in Arjan in Dubailand. The company plans to finalize and hand over the new project by 2020.

Construction for Gardenia Residency 1 is underway and expected completion date is June 2018.

The project will house 133 serviced apartments, a combination of studios, loft-style apartments, townhouse, and one-, two-, and three-bedroom suites.

“Our Gardenia project, with its stuccoed walls, tiled roofs, rustic arches, expansive balconies and lush surroundings will transport you to the rustic shores of the Mediterranean. It is our vision to provide our customers with the best in amenities, luxuries, and ambiance creating distinctive experiences celebrating life,” said Mahmood Shaikhani, the group’s managing director.

Shaikhani Group of Companies has recently started handing over the Frankfurt Sports Tower I in Dubai Sports City.

Share your thoughts

Please Enter This Code: