Sheffield Real Estate's investment crosses AED 1 billion

Published April 13th, 2006 - 07:46 GMT

In a significant endorsement of its dynamic role in Dubai’s property market, leading real estate player, Sheffield Real Estate, has announced that its investment portfolio, comprising an array of six impressive developments across the Emirate, has crossed the AED 1 billion mark. This is indicative of the strong participation of Sheffield Real Estate in the phenomenal growth of property markets in the UAE.

 

A global real estate and freehold firm, Sheffield Real Estate has so far conceived and implemented projects in Dubai International City, Dubai Marina and Jumeirah Lake Towers. In a bid to build on its success and reinforce its portfolio of investments, Sheffield Real Estate, in partnership with Russia’s Rustar Real Estate, has firmed up plans to roll out new projects that will not only widen its client base, but also ensure significantly higher returns to property investors.

 

Highlighting Sheffield Real Estate’s operations in the UAE, Mr. Jamal Akram - Chairman of Sheffield Real Estate, said: “The real estate sector in the UAE reflects a vibrant growth trend, backed by positive economic indicators and progressive policies unleashed by the government. Sheffield Real Estate has played an active role in the sector’s fast-paced development by promoting freehold residential and commercial projects in prestigious locations.”

 

Commenting on Sheffield’s strategy, Mr. Abuali Malik Shroff, Managing Director of Sheffield Real Estate said, “As a developer, we are clued in to the existing and emerging potential of property markets in the UAE and beyond. Sheffield Real Estate follows a competitive strategy enabling us to structure projects that are distinctive both in terms of design as well as investment potential. Aside from catering to end-users, Sheffield Real Estate offers cutting edge solutions that maximise value for property investors. At Sheffield, we are committed to the qualitative growth of UAE’s property sector and excellence in execution of high-end projects. The attractive investment potential of its projects has enabled Sheffield Real Estate to extend its reach rapidly across the broad spectrum of property development in the UAE, be it commercial, residential, industrial or infrastructural sectors. Commenting on Sheffield Real Estate’s future plans, Mr. Abuali said, “At Sheffield Real Estate, we believe that the market is gradually evolving and getting more diverse. Our new projects are planned to align with the changing dynamics of the property market.

 

Sheffield will soon announce a landmark project in Dubai that will add a unique feature to UAE’s fast-expanding market, besides widening its investor base significantly. The project will be implemented in collaboration with Rustar Real Estate, which finds place among Russia’s most respected property firms. ”

 

Rustar Real Estate is a reputed Russian property management, consultancy and marketing firm. Sheffield will leverage the marketing expertise of Rustar for its landmark new project, expected to be announced soon. Sheffield Real Estate has so far developed high-end properties that offer innovative lifestyles. Its projects include Supreme Residency and Universal Apartments at the Central Business District in Dubai International City, Silver Office Tower at International City, Marina Suites at Dubai Marina and a cluster of villas at Jumeirah Village and Emirates Hills. The highlight of its projects is the prestigious Sheffield Office Tower at Jumeirah Lake Towers. A spectacular office tower, the project comprising 45 floors received overwhelming response from local and international investors. At Dubai Marina, Sheffield Real Estate has developed Marina Suites in association with Emaar.

 

The first Supreme Residency project is located in the heart of the International City and all set for possession in September 2006. It was developed by Sheffield in association with Al Nakheel. Properties developed by Sheffield Real Estate are designed to combine luxury, comfort and convenience. Sheffield Real Estate’s projects are conceived and executed by a team of highly talented professionals, employing state-of-the-art technologies and superior design elements. Sheffield Real Estate is a part of the Sheffield Group, a firm with interests in freight forwarding, logistics and education. Real estate is a core area of focus for the Sheffield Group.


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