A prominent business leader of Pakistan, Syed Nasir Hussain Schon was born on 28 November 1957. He is the Chief Executive of Schon Group and also the Honorary Consul-General of Sierra Leone in Karachi. Nasir Schon is the son of Captain Ather Schon Hussain, an ex-pilot of PIA. His son has been accompanying projects in Saudi Arabia. Nasir Schon, owner, and CEO of Shon Group, is one of the wealthiest people in Pakistan. He is not only on the list of Pakistani billionaires, but Schon’s many business ventures have made him one of the top business leaders in Pakistan today. Nasir Schon has a net worth of 1 billion dollars. As a testament to his wealth and success, Schon was one of the first people in Pakistan to own a Rolls-Royce luxury car.
|Full Name:||Syed Nasir Hussain Schon|
|Local Language Name:||سید ناصر حسین شون|
|Residence:||United Arab Emirates|
|Education:||New York University|
|Net Worth:||Nasir Schon has a Net Worth of 1 Billion Dollars|
|Date:||28 November 1957|
|Children:||Asher Schon, Khizar Schon|
|Parents:||Syed Ather Husain|
|Siblings :||Syed Tahir Husain|
|Company Name:||Schön Properties|
|Founder :||Tahir H. Schön & Nasir H. Schön|
|Headquarters :||United Arab Emirates|
|Key people:||Tahir H. Schön (Chairman) & Nasir H. Schön (Co-Chairman) & Danial H. Schön (President) & Asher Schon (President)|
Schon Properties was founded and incorporated in 2007 by two brothers Nasir Schon and Tahir Schon. They started their business in Emirates due to the high demand for property projects. This earned them a huge fortune in booming city of Dubai.
Nasir Schon Education
Nasir Schon Attended New York University for academic studies.
Starting off in Singapore in 1982, the peak of Schon group was in 1995 when they owned National Fibres, Schon Bank, Schon Textiles and Pak-China Fertizilers. 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 being developed the company decided to venture into real estate development in the region.
In 1997, Schon and the Directors of Shon Group moved to Dubai after being exiled from Pakistan. During his years living in Dubai, Shcon has invested in and worked on many real estate projects, including luxury residential properties and commercial developments. One of Schon’s current business ventures includes a real estate project called Dubai Lagoon, an over $800-million dollar mixed-used development in The United Arab Emirates.Schon Properties’ flagship project was Dubai Lagoon which also won a CNBC Arabian Property Award for Best Mixed Use Development. 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. Anyhow, the Development started again and branded the AVA Designer Residences with the first phase delivered in March 2015.
Schon Properties and Al Hamad Group of Companies announced a joint venture to develop the $870m iSuites, which will see the development of 2,550 hotel apartments at Dubai Investment Park. 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 International Airport, and Dubai Parks and Resorts. iSuites’ total constructible area is upwards of 2.6 million square feet.
Ceremony for the iSuites Project
Schon Properties and Al Hamad Group of Companies held a ground-breaking ceremony for the iSuites Project on site in Dubai Investments Park, within a month of the announcement of their joint venture development.
Schon Properties’ flagship project was Dubai Lagoon which also won a CNBC Arabian Property Award for Best Mixed Use Development. 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 2020.
Schon Properties transferred 2.33 million square feet of development at Dubai Lagoon to Xanadu Real Estate Development LLC, the move is part of the overall development of the Dh7 billion master-planned mixed-use project. The agreement involves the development of three phases of Dubai Lagoon, including Rowan, Lilly and, Winterberry developments by Xanadu Real Estate Development, a Dubai-based private developer. This restructuring was to focus on their iSuites project.
Schon Business Park
Schon Business Park was launched in 2007. The 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.
In November 2008, Schön 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 the Dubai Lagoon project, Schon Properties incorporated Fernando Fischmann’s Crystal Lagoons technology which keeps large quantities of water from turning green with algae.
Pakistan Business Council Organized
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.
Operates a Pilot Training Center
Being the son of Captain Ather Schon, an ex-pilot for the PIA has had an influence on Schon’s business decisions. The Schon Group currently operates a pilot training center in Pakistan named Schon Air. Schon has also been known to involve himself in humanitarian efforts, and has been named to the position of Honorary Consul-General of Sierra Leone in Karachi, Pakistan.
Nasir Schon 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.Hailing from one of the few striving Muhajir Urdu speaking business families in Pakistan, Nasir H. Schon is also one of the founders of the Schon Group, manage Schon Properties in addition to other Schon enterprises.
Pakistan Super League
In June 2017, Schon Properties Group bought the sixth team of the Pakistan Super League, Multan Sultans, for 5.2 million USD per year following the bid; this made it the most expensive team of the tournament. The contract is for eight years worth $41.6 million.
Nasir Schons net worth in 2017
According to various sources, Nasir Schon’s net worth has grown significantly in 2017. However, the numbers vary depending on the source. If you have current knowledge about Nasir Schon’s net worth.Nasir Schon’s net worth is estimated to be in the range of approximately $100000000 in 2017, according to the users of vipfaq. The estimated net worth includes stocks, properties, and luxury goods such as yachts and private airplanes.
Owner of Multan Sultan
The owner of Multan Sultans is a Dubai based company, Schon Group, which is owned by one of the richest families of Pakistan. Among 10 bidders, Schon Group made the highest bid of $41.6 million for the period of 8 years. The company will be paying $5.2 million per year. Multan Sultans is the most expensive franchise from all the six teams of Pakistan Super League.
Schon Textiles LTD
- Contact Person: Nasir Hussain
- Company: Schon Textiles Ltd.
- Address: Schon Centre, I.I.Chundrigar Road, Karachi, Sindh, Pakistan
- Telephone: +92 213 2636010
- Fax: +92 213 2636325