Schon Properties

Schon Properties
Headquarters Dubai, United Arab Emirates
Products
  • Real Estate
Website schon.properties


Schon Properties is a UAE based division of the Schon Group which encompasses a range of business interests and holdings. Schon Properties entered the UAE real estate market in 1996. At the start the company specialized in leasing and building management but with the property boom and the Freehold Law[1] being developed the company decided to venture into real estate development in the region.

Chairmen

Chairman Tahir H. Schon and Co-chairman Nasir H. Schon a Pakistani,[2] also the founders of the Schon Group, manage Schon Properties in addition to other Schon enterprises.

Projects in Dubai

Dubai Lagoon

Schon Properties’ flagship project was Dubai Lagoon which also won a CNBC Arabian Property Award for Best Mixed Use Development.[3][4] Dubai Lagoon was to be a residential complex located in Dubai Investment Park. The development would have covered 40 acres (160,000 m2) of land with 49 residential buildings comprising over 4,000 apartments with on-site amenities, however, the project was suspended well before completion. The Development has started again and branded the AVA Designer Residences with the first phase being delivered in March 2015.

Schon Business Park

Launched in 2007,[5] this office development is located in the heart of Dubai Investment Park featuring industrial, business, residential and recreational areas within the complex. Schön Business Park houses 410 offices with a capacity for 4,000 employees. Schon Business Park won last year’s CNBC Arabian Property Award for the Best Office Development.[3]

Eco-Friendly Development

In November 2008, Schon Properties promised to incorporate LEED (Leadership in Energy & Environmental Design) standards, a green building rating system developed by the USGBC (U.S. Green Building Council), in all their future projects. In this regard, Schon Properties tapped LEED experts Whitbybird to ensure their compliance with LEED standards.[6]

In the Dubai Lagoon project Schön Properties incorporated Fernando Fischmann’s Crystal Lagoons technology which keeps large quantities of water from turning green with algae.[7] The Shon company also represents Crystal Lagoons in Pakistan.

Involvement in UAE Industry Events

In May 2008, Schön Properties participated in Cityscape Abu Dhabi exhibition where the developer underscored its growing prominence in the UAE property sector by showcasing their properties and investment opportunities.[8]

Schon Properties were a major partner of Emarat in Dubai Summer Surprises 2007 Festival. The event featured Emirate’s promotional campaign themed 'Win a Dream Home in Dubai Lagoon'.

In June 2008, Pakistan Business Council organized a forum in Dubai highlighting the call to utilize untapped potential of the Islamic world. Tahir H. Schon, chairman Schon Properties who also happens to be the Vice President Pakistan Business Council, was a part of the organizing committee and welcomed the gathering. The forum was PBC’s goodwill gesture aimed at strengthening commercial ties between members of the Pakistani Business Community and SAARC Chamber of Commerce.

In December 2008, Schon Properties hosted an informative industry event titled ‘Dubai Property Market, Past Present Future’. Government representatives from Dubai Land Department (DLD), Dubai Real Estate Regulatory Authority (RERA) and other dignitaries and professionals attended the event. The event was much applauded by Dubai’s real estate community as it bolstered industry confidence and came at a time when market mood was quite uncertain.[9]

Awards

Schon Properties were declared the winners of two CNBC Arabian Property Awards 2009. Dubai Lagoon won the Best Mixed Use Development while Schon Business Park won the Best Office Development Award.[10]

References

  1. ↑ "Dubai Property Law legalises Freehold". uaepropertytrends.com. Archived from the original on February 23, 2012. Retrieved 15 March 2006.
  2. ↑ Arslan Shoukat. "Top 10 Richest People of Pakistan 2013". theworldtoptens.com.
  3. 1 2 "Schön Properties wins two CNBC Awards for Best Projects". zawya.com. Archived from the original on February 22, 2014. Retrieved 7 October 2009.
  4. ↑ http://web.archive.org/web/20120320102516/http://www.zawya.com/Story.cfm/sidZAWYA20091006125849/Sch%C3%B6%3Bn%20Properties%20wins%20two%20CNBC%20Awards%20for%20Best%20Projects/. Retrieved June 1, 2016. Missing or empty |title= (help)
  5. ↑ "Schön Properties launches USD200m 'Schön Business Park'". ameinfo.com. Retrieved 8 July 2007., http://web.archive.org/web/20121001170557/http://www.ameinfo.com/125883.html. Retrieved June 1, 2016. Missing or empty |title= (help)
  6. ↑ "Schön Properties aims green with Ramboll Whitbybird". arabianbusiness.com.
  7. ↑ "Creator of Giant Pool Eyes New Projects in Dubai". khaleejtimes.com. Archived from the original on October 15, 2014. Retrieved 13 October 2009.
  8. ↑ "Schön Properties draws investors to its premiere developments and unique investment opportunities". ameinfo.com. Archived from the original on October 1, 2012. Retrieved 22 May 2008.
  9. ↑ "Schon Properties bolsters industry confidence". arabianbusiness.com.
  10. ↑ "Schon Properties Wins Two Awards". khaleejtimes.com. Archived from the original on September 22, 2012. Retrieved 13 October 2009.
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