‘Schon Properties’ and ‘Al Hamad Group of Companies’ offer Iftar for 700 labourers as part of Year of Giving initiative
Schon Properties, a leading private real estate developer in the UAE, and Al Hamad Group of Companies, the premier construction group, jointly organised an Iftar for 700 labourers working on construction of their joint venture, iSuites – a cluster of 2,550 branded hotel apartments project, with a development value exceeding Dh3.2 billion.
This initiative comes part of the partners Corporate Social Responsibility (CSR) programme as they both strengthen their CSR outreach in line with the spirit of the Year of Giving and the UAE government’s vision.
The Iftar dinner programme was held at the Al Hamad Labour Camp – where the labourers converged after a day’s hard work to break their fast.
Mr Danial Schon, President of Schon Properties attended the iftar joined by senior managers of both organisations. He was quoted to have said, “As an organisation that believes in caring and sharing, Corporate Social Responsibility (CSR) remains an essential part of Schon Properties’ DNA – long before CSR became a corporate slogan in the region.
“Breaking the fast, as a team, corporate managers and workers, we pay homage to the sharing spirit of the holy month of Ramadan,” he said.
Schon Properties’ Iftar to feed labourers, comes a few days after the UAE Government announced serious steps to encourage the private sector to promote CSR activities – as part of the Year of Giving campaign. Private companies are now required to make budgetary provisions for up to Dh500,000 for CSR activities per year.
“It is no surprise to us, that under the guidance of his highness sheikh Mohamed Bin Rashid Al Maktoum, the UAE Government has complemented the Happiness initiative by introducing serious guidelines to boost the CSR culture and investment within the private sector companies –This ethos of giving back to society has always been one we hold dear at Schon Properties.” Mr Danial Schon says.
“As an organisation, we want to be at the forefront of the culture of giving and in the coming months, we will further strengthen our CSR activities.”
Schon Properties and Al Hamad Group of Companies have started constructing iSuites at a master-planned community within Dubai Investment Park – scheduled to be completed by June 2020 in time for the Expo 2020.
On May 21, main contractor, Dubai Civil Engineering (part of Al Hamad Group of Companies), broke ground on the project officially to complete 2,550 hotel apartment suites, 52 restaurants, outdoor cafes and 125,000 square feet shopping mall. This is all surrounded by a manmade beach and a lagoon spread over 5 acres – to be completed ahead of the Expo 2020.
Mr Nashat Sahawneh, Chairman of Al Hamad Group of Companies, said, “Our CSR initiative to share Iftar with labourers comes from our hearts and is part of our culture of giving. It is their hard work that helps us build projects and offer a great living experience to home owners across the U.A.E.
The project is well positioned to serve visitors of the Expo 2020 – that will host 25 million people within six months – many of whom will need hotel apartments to stay. The ground-breaking ceremony will be followed by a flurry of construction activities that will see thousands of workers and construction equipment on ground in the next few months.
At its peak, more than 4,000 workers are expected to work to complete the project ahead of the Expo 2020.
About Schon Properties
Schon Properties, one of the top private real estate developers in the UAE, has an 8 million square feet development portfolio valued at Dh7 billion. A vertically integrated company with over 400 staff, Schon has successfully delivered over 1.6 million square feet of developments to more than 3,000 customers (till October 2016). Schon was the first company in Dubai to launch affordable housing targeting mid-market buyers, and the first company to introduce a post-handover payment plan.
Schon’s Vision 2020 focuses on sustainable income models via hospitality investments next to Expo 2020, shifting focus from sales to retaining assets for sustainable income.
iSuites is a 21 building project (2B+G+8), comprising 2,550 luxurious hotel apartments, 52 restaurants and cafes, and 125,000 square feet shopping mall called the Laguna Centrale Mall. The project aims to serve the shortage of 4-star hotel rooms close to the Expo 2020, Al Maktoum Airport, and Dubai Parks and Resorts. iSuites’ total constructible area is upwards of 2.6 million square feet.
The turnkey construction contract has been awarded to Dubai Civil Engineering (part of Al Hamad Group of Companies). Dubai Civil Engineering was established in 1985 and has a 30+ years solid track record of building mega projects across the Middle East. iSuites targets trendy millennials looking for an urban lifestyle hotel stay. Designed with elegance, the interiors of the hotel are chic, minimalistic, and contemporary.
Interior designed by one of the top architects Swiss Design Bureau, based in Geneva. The FF&E includes all smart technology aimed for millennials and the building entails a green environmentally design, saving on utility consumption charges. Construction works commenced on October 2016 and first deliveries are expected by Q2 2019. The full project completion date is set for Q2 2020.
About Al Hamad Group of Companies
Al Hamad Group of Companies is a UAE-based large conglomerate that has more than 20 subsidiaries involved in construction, real estate and industries. The Group brings more than three decades of experience in constructing large projects. The company has operational footprint across the GCC.
The company began its journey in 1985 when its chairman established Al Hamad Building Contracting Company LLC in Sharjah, and Dubai Civil Engineering LLC to serve the Dubai region. The unprecedented growth and success of the UAE encouraged the company to invest in the precast and pre-stressed concrete solutions. In 1997, Concrete Technology LLC was established as the main contractor for all precast and pre-stressed concrete solutions in the construction sector. In 2011, Al Hamad Group of Companies established property management firm – Al Rawabi Real Estate LLC – that operates in northern emirates while Compass Properties Company LLC operates in the southern emirates.