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Schön Properties
Schön Properties is a Dubai-based real estate developer. The company generated a gross development value of over USD $ 2 billion. It was founded in 1971 in Singapore by the Schon family, which originated in Pakistan. The company has been involved in several development projects in Dubai, including the Schon Business Park project and Dubai Lagoons in Dubai Investment Park, which was started in 2005, but was hit hard by the financial crisis of 2007–2008 and those projects were put on hold. In 2015, the company successfully delivered 1.6 million square feet project called Schon Business Park, consisting of 72 retail outlets and 304 offices. In February 2017, Xanadu acquired Dubai Lagoon from Schon Properties for an undisclosed sum. The new developer Xanadu took over the project and purchased it with all its assets and liabilities, including the customers of Dubai Lagoon In August 2018, the Dubai agency cancelled two of Schon's projects, iSuites Smart Residences and Ava Reside ...
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Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of the Middle East and North Africa. D Long, B Reich. p.157 Established in the 18th century as a small fishing village, the city grew rapidly in the early 21st century with a focus on tourism and luxury, having the second most five-star hotels in the world, and the tallest building in the world, the Burj Khalifa, which is tall. In the eastern Arabian Peninsula on the coast of the Persian Gulf, it is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. A centre for regional and international trade since the early 20th century, Dubai's economy relies on revenues from trade, tourism, aviation, real estate, and financial services.
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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ...
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List Of Development Projects In Dubai
The government's decision to diversify from an oil-based economy, and to make Dubai the main hub of tourists in the world, has made and other developmental projects such as Dubailand, more valuable, resulting in the property boom from 2004 to 2007. There are over 1,500 major freehold developments and communities in Dubai. Construction on a large scale is a part of Dubai Strategic Plan 2015 unveiled by Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, to maintain economic growth and to put Dubai on the map of the world, and a tourist destination of the world. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or will be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which is 25% of cranes worldwide, were operating in Dubai in 2012. Currently multibillion-dollar construction projects ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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Multan Sultans
Multan Sultans (Urdu: ) is a Pakistani professional Twenty20 franchise cricket team representing the city of Multan in southern Pakistan in the Pakistan Super League (PSL). The team was founded in 2017 as an additional sixth team added to the PSL. The team plays its home matches at Multan Cricket Stadium. After their debut season, Schön Properties who bought the team in 2017, failed to pay their annual fee, and their contract was terminated; in December 2018, a consortium formed by Alamgir Khan Tareen, the majority shareholder, and Ali Khan Tareen became the new owners of the team. In 2021, Alamgir Khan Tareen took over as the sole owner. The team won its first PSL title in the 2021 season. Franchise history In April 2017, a few weeks after the conclusion of 2017 Pakistan Super League, PSL chairman Najam Sethi announced that there would be a sixth team in the third season. The Pakistan Cricket Board short-listed five regions as possibilities for the sixth team. In June 201 ...
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Twenty20
Twenty20 (T20) is a shortened game format of cricket. At the professional level, it was introduced by the England and Wales Cricket Board (ECB) in 2003 for the inter-county competition. In a Twenty20 game, the two teams have a single innings each, which is restricted to a maximum of 20 overs. Together with first-class and List A cricket, Twenty20 is one of the three current forms of cricket recognised by the International Cricket Council (ICC) as being at the highest international or domestic level. A typical Twenty20 game is completed in about two and a half hours, with each innings lasting around 70 minutes and an official 10-minute break between the innings. This is much shorter than previous forms of the game, and is closer to the timespan of other popular team sports. It was introduced to create a fast-paced game that would be attractive to spectators at the ground and viewers on television. The game has succeeded in spreading around the cricket world. On most inte ...
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Pakistan Super League
The Pakistan Super League (PSL) is a professional Twenty20 cricket league contested during February and March of every year by six teams representing six cities of Pakistan. The league was founded on 9 September 2015 with five teams by the Pakistan Cricket Board. Instead of operating as an association of independently-owned teams, the league is a single entity in which each franchise is owned and controlled by investors. Each team plays the group stage matches in a double round robin format; the top four teams with the most points qualify for the playoffs, culminating in the final. The league is based in the Pakistan Cricket Board office in Lahore. There have been seven seasons of PSL. Islamabad United has won 2 titles, making it the most successful team of PSL. The current champions are Lahore Qalandars, who won the 2022 season. History Establishment In September 2015, the Pakistan Cricket Board officially announced the launch of the PSL. Former Pakistani national team ...
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Karachi Kings
Karachi Kings ( ur, ; sd, ڪراچي ڪنگز) (abbreviated as KK) is a Pakistani professional franchise Twenty20 cricket team that competes in the Pakistan Super League (PSL). The team is based in Karachi, the provincial capital of Sindh, Pakistan, and was formed in 2015 as a result of the formation of the Pakistan Super League by the Pakistan Cricket Board (PCB). The team's home ground is National Bank Cricket Arena. The team is currently coached by Peter Moores (cricketer), Peter Moores. They won their first PSL title in 2020 Pakistan Super League, PSL V after beating their rivals Lahore Qalandars in the final on 17 November 2020. The leading run-scorer for the side is Babar Azam, while Mohammad Amir is the leading wicket-taker. Franchise history On 3 December 2015, the Pakistan Cricket Board, PCB unveiled the owners of five city-based franchises. The Karachi franchise was sold to the ARY Media Group for US$26 million for a ten-year period making it the most expensive ...
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Dawn (newspaper)
''Dawn'' is a Pakistani English-language newspaper that was launched in British India in 1941. It is the largest English newspaper in Pakistan, and also serves as the country's newspaper of record. ''Dawn'' is the flagship publication of the Dawn Media Group, which also owns local radio station ''CityFM89'' as well as the marketing and media magazine ''Aurora''. Muhammad Ali Jinnah, Pakistan's founding father, launched the newspaper in Delhi on 26 October 1941, with the goal of establishing it as a mouthpiece for the All-India Muslim League. The first issue was printed at Latifi Press on 12 October 1942. Based in Karachi, it also maintains offices in Lahore and the capital city of Islamabad, in addition to having correspondents abroad. , it has a weekday circulation of over 109,000. The newspaper's current chief editor is Zaffar Abbas. History ''Dawn'' began as a weekly publication, based in New Delhi. Under the instruction of Jinnah, it became the official organ of the All ...
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Pakistan Cricket Board
The Pakistan Cricket Board (PCB) is a sports governing body for cricket in Pakistan responsible for controlling and organising all tours and matches undertaken by the Pakistan national cricket team. A member of the International Cricket Council since 1952, it represents the country's men's and women's national teams in international cricket tournaments played under the ICC. Following the establishment of Pakistan as an independent dominion of the British Empire in 1947, professional and amateur cricket commenced in the same year, seeing as local infrastructure had already been established when the country was part of the British Raj. Cricket matches were arranged informally until 1948, when a Board of Control was formally instituted. Pakistan was admitted to the Imperial Cricket Conference (currently known as International Cricket Council) in July 1952, and has since been a full member, playing Test cricket. The team's first Test series took place in India between October a ...
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Dubai Land Department
The Real Estate Regulatory Agency (RERA; ar, مؤسسة التنظيم العقاري) is a government agency to regulate the real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai. RERA was founded on 31 July 2007 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. Aims of founding To set policies and plans in the real estate sector in Dubai in order to increase foreign investments. RERA is a part of Dubai Land Resources Department. The agency has its own financial and administrative independence with full legal authority to regulate the real estate sector in Dubai. RERA provides transparence and effectiveness of legal framework, when everyone involved in the property market can conduct a business. In this concept RERA aims to develop an on-line society for investors, developers and buyers, as ...
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Real Estate Companies Established In 1971
Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) * ''Real'' (Belinda Carlisle album) (1993) * ''Real'' (Gorgon City EP) (2013) * ''Real'' (IU EP) (2010) * ''Real'' (Ivy Queen album) (2004) * ''Real'' (Mika Nakashima album) (2013) * ''Real'' (Ednita Nazario album) (2007) * ''Real'' (Jodie Resther album), a 2000 album by Jodie Resther * ''Real'' (Michael Sweet album) (1995) * ''Real'' (The Word Alive album) (2014) * ''Real'', a 2002 album by Israel Houghton recording as Israel & New Breed Songs * "Real" (Goo Goo Dolls song) (2008) * "Real" (Gorgon City song) (2013) * "Real" (Plumb song) (2004) * "Real" (Vivid song) (2012) * "Real" (James Wesley song) (2010) * "Real", a song by Kendrick Lamar from ''Good Kid, M.A.A.D City'' * "Real", a song by NF from ''Therapy Session'' * "Re ...
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