Prestige One Developments, a leading real estate developer in Dubai, has appointed Al Shafar Engineering, one of the UAE’s most respected construction firms, as the main contractor for its upcoming residential projects. The agreement, formalized in a signing ceremony at Prestige One’s headquarters, marks a significant milestone in the company’s project delivery strategy, reinforcing its commitment to excellence in Dubai’s competitive real estate market.
The contract signing was attended by Ajmal Saifi, CEO of Prestige One Developments, and Saif Ali Abdulla Al Shafar, CEO of Al Shafar Engineering LLC. This partnership will drive the development of Prestige One’s upcoming residential projects, including the highly anticipated “Place by Prestige One” in Dubai Sports City, a vibrant community known for its sports and lifestyle amenities.
Ajmal Saifi, CEO of Prestige One Developments, expressed his confidence in the collaboration, stating, “Bringing a firm of Al Shafar Engineering’s calibre on board speaks to our deep commitment to construction excellence and our trust in partners who align with our long-term vision. Their proven expertise and operational strength perfectly complement the elevated standards we uphold across our expansive portfolio.”
Saif Ali Abdulla Al Shafar, CEO of Al Shafar Engineering, echoed this sentiment, saying, “Prestige One Developments has demonstrated remarkable momentum and a clear executional ethos. We are proud to collaborate with a partner that mirrors our values of quality and forward-thinking delivery. We look forward to contributing to a project that reflects the same level of discipline and ambition we uphold in our work.”
About Prestige One Developments
Founded in 2007, Prestige One Developments has established itself as a premier real estate developer in Dubai, focusing on luxury residential projects that blend innovative design with sustainability. With a development portfolio exceeding AED 10 billion, the company is committed to enhancing the quality of life for its residents through superior design, high-quality materials, and exceptional service. Prestige One’s projects are known for their modern architecture, elegant interiors, and a customer-centric approach that prioritizes aesthetics and functionality. The company has recently expanded its presence with a Customer Happiness Centre and a Sales Gallery at Marina Plaza, further solidifying its position in the market.
About Al Shafar Engineering
Al Shafar Engineering, a member of the Al Shafar Investment Group since 1962, is a well-established construction firm in the UAE. With over six decades of experience, the company has completed numerous public, corporate, residential, and commercial projects, earning a reputation for delivering high-quality and safe constructions. Al Shafar Engineering employs modern techniques to meet stringent industry standards, making it a trusted partner for major developments across Dubai.
Project Details
The partnership will focus on Prestige One’s upcoming residential projects, with “Place by Prestige One” in Dubai Sports City being a flagship development. This project is part of Prestige One’s broader portfolio, which includes thoughtfully crafted developments designed to cater to discerning buyers seeking high-quality lifestyles. The collaboration is expected to leverage Al Shafar Engineering’s operational expertise to ensure timely and high-standard project delivery.
Strategic Significance
This appointment is a strategic move for Prestige One Developments as it continues to expand its footprint in Dubai’s real estate sector. By partnering with Al Shafar Engineering, Prestige One aims to combine its innovative vision with the contractor’s proven track record, ensuring that projects like “Place by Prestige One” meet the high expectations of Dubai’s competitive market. The partnership reflects a shared commitment to quality, innovation, and excellence, positioning both companies to deliver exceptional value to their clients.
Key Details of the Partnership
| Aspect | Details |
| Developer | Prestige One Developments, founded in 2007, Dubai-based real estate developer |
| Contractor | Al Shafar Engineering LLC, part of Al Shafar Investment Group since 1962 |
| Project | Upcoming residential projects, including “Place by Prestige One” in Dubai Sports City |
| Agreement Signing | Held at Prestige One’s headquarters, attended by CEOs Ajmal Saifi and Saif Ali Abdulla Al Shafar |
| Portfolio Value | Prestige One’s portfolio exceeds AED 10 billion |
| Key Focus | Luxury, sustainability, and high-quality construction |
Looking Ahead
The collaboration between Prestige One Developments and Al Shafar Engineering is poised to set new standards in Dubai’s real estate landscape. With a shared vision of quality and innovation, the partnership is expected to deliver residential projects that enhance the city’s reputation as a global hub for luxury living. As Prestige One continues to grow its portfolio and Al Shafar Engineering brings its extensive expertise to the table, the UAE’s construction and real estate sectors are set to benefit from this dynamic alliance.
