Directory:Schon Properties

Schon Properties
Slogan	Where You Belong
Type	[[Company_Type:=Private|Private]]
Founded	[[Year_Started:=1973|1973]]
Founder	Tahir H.Schon, Nasir H.Schon
Headquarters	{{{location}}}
Key people	Tahir H.Schon, Chairman Nasir H.Schon, Co-Chairman
Industry	[[NAICS_Code1_Title:=Real Estate Development|Real Estate Development]] [[NAICS_Code2_Title:=Property Development in UAE|Property Development in UAE]]
Contact	P.0.Box 111976 Dubai, UAE [http://www.schonproperties.com Schon Properties website]
Reference	{{{reference}}}

Schon Group, founded in 1973, encompasses a variety of business interests and holdings- from textiles and fibers to fertilizers and from oil refining to financial services. The Group is managed by its founders Mr. Tahir H. Schon, Chairman and Mr. Nasir H. Schon, Co-Chairman.

Schon Properties is a UAE based division of the Schon Group. Schon Properties has earmarked and is working on developmental real estate projects in Dubai. Dubai Lagoon, Schon Business Park, Schon Residences and Schon Suites are just some of the ongoing projects that the group is completing in the UAE. The Schon Group was attracted to the UAE by its excellent infrastructure, unbounded business potential and highly positive business climate.

In the UAE, Schön Properties is working with top of the line architects, engineers and other suppliers to provide better and leading edge solutions to the property market that yield investment value for the customers. At the heart of it all lies a firm commitment to quality and customer satisfaction.

It is clear that with its unique combination of experience, expertise, innovation and vitality, Schön Properties brings a new level of excellence to all of its residential, retail and office developments, providing a solution for quality real estate development in the UAE.

Family History

The Schon family is one of the few striving Muhajir Urdu business families in Pakistan. It is also one of the richest Pakistani families, ranked 6th in the top 10 richest families of Pakistan worth almost $ 1 billion . Starting off in Singapore in 1982, the peek of Schon group was in 1995 when they owned National Fibres, Schon Bank, Schon Textiles and Pak-China Fertilizers.

Directors of the Schon group flew to Dubai in 1997 in exile after the dismissal of ex-Prime Minister Benazir Bhutto. The directors of Schon group were known to have close contacts with her husband and current President Asif Ali Zardari. Many assets of the Schon group were auctioned by the Nawaz Sharif government. A deal was made with the government in 2005 and the Director's of Schon Group were allowed to come back to Pakistan. The Schon Group is the only one in Pakistan who has paid the government over 3 billion rupees in order to return from exile.

Projects

Dubai Lagoon
Dubai Lagoon was the first development project launched by Schön Properties in the UAE, and consists of a premium residential complex of contemporary apartments centered around the key feature- a lagoon. Located in Dubai Investment Park, the project covers 40 acres of land, where 49 residential buildings comprise over 4,000 apartments On-site amenities include a mosque, supermarket, shops, laundry, restaurants, cafes, swimming pools, health club and gymnasium, tennis courts, children’s nursery, healthcare facilities, and play areas. The revolutionary financing plan behind Dubai Lagoon, making it easier for people to buy the home of their dreams has been an innovative concept.

To the End of December 2009 , most of Dubai Lagoon inviters have paid about 50% of the purchase price to Schon Properties. The project had initial delivery dates of between 2007 and 2009 but, as of December 2009, on most of the zones not a single brick has been laid. Schon Properties has given new delivery dates which are anything between six months and two years away. Schon Properties have defaulted on most of their terms with the inverters, such as delivery dates, registration of the units, failure to deliver compensation for late delivery and non-issuance of the contract. Schon Properties continue to give misleading statements and false promises whenever investors contact them and they keep changing information about the project status and delivery dates. For these reasons the inverters decided to request from Dubai government intervention to recover their money as they have completely lost trust in Schon Properties and, at the current rate of progress, very much doubt that this project will be completed in next five years, if at all.

Schon Business Park
Schon Business Park houses 410 offices with a capacity for 4,000 employees. The ground floor holds furnished offices and retail space. The structured revolutionary design maximizes the flow of natural light with floor-to-ceiling windows and wide views. The three other levels of the park are split between shell and core space and an operator-managed business centre, which includes facilities such as executive board rooms and video conferencing.

Schon Residences / Schon Suites
Schon Residences offers the opportunity to live on Dubai’s premier address, Sheikh Zayed Road, just minutes away from the Metro, Jebel Ali Free Zone, and Dubai Media and Internet Cities. The two buildings are stylishly designed with sleek lines and impeccable attention to detail, providing a selection of studio, I and 2 bedroom apartments with fixtures and fittings carefully selected to create an elegant, modern ambience. Schön Residences enjoys a wealth of facilities- from a swimming pool, health club, spa and jacuzzi to 24-hour security and high-speed elevators. In a sense it is the last word in style-at Dubai’s most stylish address.

Schön Suites offers investors the opportunity to own a hotel apartment on Sheikh Zayed Road, offering returns of up to 20% every year. Schön Suites is strategically located near Jebel Ali Palm, the Jebel Ali Free Zone and the upcoming Maktoum International Airport, with convenient transport links to the rest of the city through the nearby Dubai Metro station. In a city where hotel occupancy rates are among the highest in the world, the prime location is a major factor in ensuring high rental levels, and thereby high returns for the investor. The apartments are furnished and managed to international hotel standards, with a wealth of amenities, from a pool deck and tennis court to a restaurant and café and much more. Investors will be able to use their apartments for a total of 22 days per year, for themselves, their families or friends, a benefit unique to Schön Suites.

The Signet
Already recognized throughout the region for its innovative and unique projects, Schön Properties has reached another landmark with the development of The Signet in Dubai, one of the first residential buildings endorsed with a Jebel Ali Free Zone Authority License for home office usage. This allows home owners to live and work from their apartment, without expensive office rental charges or lengthy daily commutes, and with the ability to use their work and leisure time more efficiently. This places a further premium value upon the apartments, in addition to the gains to be made by ownership of such a prestigious and centrally located development. The Signet also has a number of units available purely as residential apartments. This unique combination makes The Signet a superb investment opportunity.

Libertas
Libertas is a commercial tower in the Trellis District of Downtown Jebel Ali, a superbly planned office and retail space in the new commercial hub of Dubai. It is close to the Metro and offers access to the entire district’s wide range of facilities. Libertas offices have been designed to ensure that all offices are highly adaptable and flexible. They also enjoy cost-effective central air-conditioning, an advanced security system and a complete management and maintenance service, together with covered parking facilities. The offices are served by a professionally-run reception lounge, and enjoy the convenience of a range of retail units such as a supermarket, laundry service, day-care centre, gym and beauty salon, all on the ground floor.

Awards Won

Schon Properties is the winner of two coveted CNBC Property Awards 2009 for best projects. The CNBC Arabian Commercial Property Awards 2009 revealed Schon Properties as the winners of two awards this year for the Best Mixed Use and Best Office Development categories. The accolades have been presented to Schon Properties for their two major developments Dubai Lagoon and Schon Business Park respectively.

The Arabian Commercial Property Awards are run in conjunction with the International Property Awards, the world’s most prestigious competition dedicated to finding the best real estate professionals across the globe. Schön Properties are the developers of landmark projects in Dubai as part of their 10 Billion Dirham portfolio. The company operates of a zero external liability policy and all its projects are self funded.

All entries at the Arabian Commercial Property Awards are evaluated through a set criteria based on the elements of Location, Appearance & Finish, Services (including communal and leisure facilities), Safety, Security, Sustainability, Innovation and marketing and financial packaging. Successful entrants are expected to ace all requirements to secure the top position in each category.

Photo gallery

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External links

• Schon Properties Website
• Dubai Lagoon Website
• Schon Residences Website
• Schon Business Park Website
• The Signet Website
• Libertas Website
• Awards Won

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