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Fri 3 Jun 2016 09:55 AM

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Developer says set to launch $952m projects in Dubai

Shaikhani Group unveils Vision 2025 plan; includes projects in Jumeirah Village Circle, Dubai Sports City and Dubai Silicon Oasis

Developer says set to launch $952m projects in Dubai

The Shaikhani Group has unveiled its Vision 2025 plan, with projects worth a total of AED3.5 billion ($952 million) and some already under development in Dubai Sports City and Dubai Silicon Oasis.

The company will also invest in additional projects worth AED2 billion in the Jumeirah Village Circle and Arjan communities, a statement said.

The first phase of the development includes Gardenia Residency - a AED220 million residential project located in Jumeirah Village Circle.

Mahmood Shaikhani, managing director of Shaikhani Group of Companies, said: "Gardenia Residency is our tribute to luxurious living. It has been created for a discerning audience that aspires to live in a planned community with all the modern facilities."

Gardenia Residency will feature 133 residential units, offering a mix of studios, chic loft style apartments, townhouses, and one-, two- and three-bedroom serviced suites.

Shaikhani added: "The response thus far has been very positive. The interest we have received for the project is very encouraging. There is talk of demand in the real estate sector slowing, however our experience with this is quite the opposite."

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