21/10/2014 06:25 AST
Sharaf Investment Group and Al Ali Real Estate have announced the establishment of new company named Dubai General Properties for the purpose of developing the real estate properties. It aims at developing and launching Real Estate projects in UAE, particularly in Dubai.
The company’s Board of Directors has assigned the missions of the administration tasks to Eng. Yousuf H.Sharaf as a Managing Director of “Dubai General Properties” alongside being a member of the Board of Directors. His experience involves many fields, especially the Real Estate, construction, industry and oil sectors. He held many senior management positions in different companies around the country.
Sharaf, on his part, offered his deep thanks to the Board of Directors for their trust and the designation. In return, the Chairman of Broad of Directors in Sharaf Investment Group, Ibrahim Sharaf, and the Chairman of Broad of Directors in Al Ali Real Estate, Mohammed Abdel Rahim Al Ali, have congratulated the new Managing Director on his new position. They wished him the best of luck in his forthcoming mission.
“The real estate sector in Dubai is growing rapidly due to the resumption of stalled projects and the start of new projects in the market in Dubai” Sharaf added.
“The market is witnessing many investments by national and international companies. Therefore, the indicators seem positive for the growth in the future, he added, “Dubai will become attraction to investors from all over the world since the improvement is beyond expectation and the growth of demand is in different areas in Dubai”.
Expo 2020
“Dubai is on the verge of an important stage that will contribute in the making off real estate investment map in the emirate, and for many reasons like the strategy of Dubai Tourism to attract millions of tourists by 2020 and the Government of Dubai trends in the promotion of industry, investment, liquidity and business, and finally the successful bid in hosting the Expo 2020. “ Said Sharaf.
“The emirate has the required economic and human fundamentals that set its leading prestige on the world properties map. He pointed that the constructive development in the emirate is only a clear reflex to a wise leadership that has ambitious visions and ideas armed by international standard infrastructure. In this concern our property projects are in harmony with the visions and instructions of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in transforming Dubai into a global city via unique architectural models built in it which Dubai will become an attraction to all people such as residents, expatriates and even Dubai’s visitors”, Sharaf said.
“The company in the main while will focus on real estate development in Dubai market and Since the establishment of the company, it has started immediately working on one of its most important projects in Dubai which is located in “Dubai Maritime City” that is characterized by its strategic site which is located in the heart of Dubai city” He said.” It is expected when all work is complete in three years or less, the project’s site will be like architectural (Icon) that contains commercial offices, flats, a shopping center, cars parking, entertaining facilities, and more services and facilities that fit in modern cities plans”.
“It is decided to commence implementing the project immediately, and also the company will design, the construction area on 1.4 million feet square”. He pointed “the project implementation plan will be in gradual periods. The first phase focuses on the development of the highest standards of designs Interior based on modern ideas in the field of interior design and the using of the latest materials and technology.
The Gulf Today
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