Buniah Launches the Dh 300 million Oasis Tower Two in Dubai Sports City |
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Project comprising 240 fully-furnished apartments: 85 % sold
Completion set for December 2009
Dubai, UAE, 20 January 2008: Buoyed by a booming construction industry and vibrant real estate market, leading Dubai-based real estate and hotel advisory provider BUNIAH announced the launch of its prestigious Dh 300 million Oasis Tower Two project in the landmark Dubai Sports CityDubai Sports City
. This project is a joint venture between Buniah Group and Oasis Ventures Group, it will comprise of total 240 fully-furnished apartments. Describing the launch of this project as a strategic decision to target a lucrative market, BUNIAH chief executive officer Mohammad Al Saafeen said, "The real estate market and construction industry in the Middle East is witnessing increased demand and Oasis Tower Two is one of BUNIAH's superbly-inspired and carefully-planned projects aimed at meeting this need alongside highlighting the company's vision of monumental, progressive developments."
The construction contract will be awarded in April 2008 and construction work is expected to begin two months later in Jun 2008, he said, adding that the project is expected to be complete by December 2009.
Optimally located with a spectacular frontal view of Dubai Sports CityDubai Sports City's verdant golf course, Oasis Tower Two is set to become a towering tribute to the artistic and architectural spirit of Dubai through its elegant building design, five-star lobby, high-speed elevators, state-of-the-art facilities and spacious covered parking, besides panoramic lake view, river walk, golf courses, professional landscaping, tennis courts, fine restaurants, boutiques and shops.
The 28-storey Oasis Tower Two project will comprise of four different types of charming furnished apartments ranging from one and two bedroom to executive suite and studios. The two-bedroom apartments will have a built-up area of 1,650 square feet, while the one-bedroom apartments will be 1010 square feet, Executive Suite of 703 square feet and Studio Apartment of 552 square feet. The tower will feature a five-floor parking, alongside ground plus 22 floors.
Along with visa facilitation and VIP services, the project also emphasizes 24-hour security, convenience stores, coffee shop and fine-dining restaurant, rooftop swimming pool and jogging track, fully-equipped glass gymnasium, sauna and steam room, and a social event deck.
The apartments have been priced at: Studio (Dhs. 432,816), Executive Suite (Dhs. 522,231), One bedroom (Dhs. 730,987) and Two bedroom (Dhs. 1,159, 183).
Buniah currently has various projects in the pipeline including a Dhs. 800 million digital park development in Al Jeddaf area and a four-storey building in Jumeirah Village. The company will be announcing, in the next few months, a mixed use development in Amman, Jordan.
Dubai Sports CityDubai Sports City, where Oasis Tower Two is sited, is the world's first purpose-built sports city which is situated in the mega Dubailand project and is expected to showcase state-of-the-art sporting venues and academies along with residential and commercial developments including leisure, entertainment, shopping centers, schools, hotels and offices.
-Ends-
BUNIAH L.L.C. is a leading real estate company providing a wide range of comprehensive solutions that integrate complete design, development, supply, facilitation and operation of real estate development. Supported by strategic partnerships with Core Architects (Canada), Global Investment House, Hendricks and Oasis Group.
The company is focusing on four key sectors including: Development and development advisory, Real estate money management, Co- Investment, Acquisition and Property Management. The Development strategy highlights setting up commercial and residential communities on prime landsites as part of its focus to build long-lasting and progressive projects, while Investment plans to source opportunities for Buniah and Buniah clients that contain value advantage and growth potential. Its Acquisition plans highlight income-generating properties with strong yield improvement potential and costs below their replacement value (Buniah transaction division concluded over Dhs. One billion worth property acquisition for leading institutional clients), while Management plans focus on managing properties and facilities through efficient maintenance and improvement programmes to deliver superior asset performance.
For further info:
Samer alashqar
samer@buniah.com
0503948502
© Press Release 2008
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