Shaikh Holdings to Invest USD 1.2 Billion over Next 5 Years in Golf and Waterfront Developments
Dubai, UAE (PRWEB) June 19, 2007 -- Shaikh Holdings, a Dubai-based real-estate investment and development company, has announced that it plans to invest USD 1.2 billion over the next 5 years in premier golf and waterfront communities in the UAE. The first of these landmark developments is a 96 villa community on the Earth golf course in Jumeirah Golf Estates in Dubai. These fully landscaped luxury villas, set amidst lush golf vistas and stunning waterfalls and lakes, will provide a unique resort-lifestyle to its residents. The villas go on sale next month.
Shaikh Holdings is a family enterprise with an entrepreneurial heritage in the Middle East, dating back to 1913 in Bahrain. Over the years, the Shaikh family has diversified its interests from its core trading businesses to other areas of activity. Expansion into real estate investments and development has driven Shaikh Holdings to look at both regional and international real estate markets.
The company which holds a significant portfolio of residential, commercial and hospitality real estate, has been a leading institutional investor in the Dubai real estate market since 2002. Shaikh Holdings' primary Dubai investments have been in such developments as the Palm islands, Emirates Hills, Business Bay, Dubai Waterfront and Jumeirah Golf Estates.
Kaiser Shaikh, Chairman of Shaikh Holdings said, "Since 2002 we have been making substantial investments in projects of each of Dubai's government developers. We strongly believe in His Highness Sheikh Mohammed's vision for Dubai and are proud to be part of building this dream into a reality." Today, Shaikh Holdings' real estate activities in Dubai are primarily focused in three major areas: real estate development, real estate investments and real estate marketing.
Shaikh Holdings maintains investment relationships with Dubai Properties, Nakheel and Emaar. It has over the years also developed unique marketing partnerships with these significant Dubai based developers who are creating some of the region's most iconic developments including The Palm, The World, Burj Dubai, Jumeirah Beach Residence and Dubai Marina. Through these marketing partnerships, Shaikh Holdings' companies have not only promoted their projects but have also been actively involved in their awareness and brand building activities. Shaikh Holdings is the only group worldwide to represent all three of Dubai's major developers in the international marketplace.
Imran Shaikh, CEO of Shaikh Holdings added, "Apart from promoting Dubai as a highly attractive investment destination, we have also played a significant role in communicating the spirit and idea of Dubai and its real estate developments to audiences worldwide. To date, Dubai has built a strong foundation through local and regional investments, but to secure future growth and to be recognized as a significant player in the international marketplace, Dubai needs to attract a greater share of Foreign Direct Investment (FDI). Currently, the UAE attracts less than 5% of the $ 400 billion FDI funds committed to emerging markets. A greater share of these FDI funds is critical to sustained economic growth in the UAE and Dubai. We are currently structuring several vehicles to facilitate further FDI inflow into the region."
"Our continued investments only serve to reinforce our confidence in the sustainable growth prospects that the real estate market offers," says Imran Shaikh. After careful analysis of the UAE real estate market, Shaikh Holdings has chosen to focus on building boutique communities centred around golf and waterfront concepts. The company's current development in Jumeirah Golf Estates shall be followed by other exclusive golf and waterfront projects, as Shaikh Holdings continues to create new benchmarks in real estate development.
For more information:
The Media Office
PR & Corporate Communications
UAE Toll Free: 800 SHAIKH
Tel: +9714 364 2722
Fax: +9714 367 8054
Email: info @ shaikh-holdings.com
Web: http://www.shaikh-holdings.com
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