22 January 2008
Dubai: Dubai-based real estate and hotel advisory provider Buniah on Sunday said it is launching a Dh300 million Oasis Tower Two project in the landmark Dubai Sports City.
This project is a joint venture between Buniah Group and Oasis Ventures Group, it will comprise 240 fully furnished apartments.
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."
Schedule
The construction contract will be awarded in April and construction is expected to begin in June, he said, adding that the tower is expected to be complete by December 2009.
The 28-storey Oasis Tower Two will comprise four different types of furnished apartments ranging from one and two bedroom to executive suites and studios.
The two-bedroom apartments will have a built-up area of 1,650 square feet, while the one-bedroom apartments will be 1,010 square feet, executive suite of 703 square feet and studio apartments 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 emphasises 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 thus - Studio at Dh432,816, executive suite at Dh522,231, one bedroom at Dh730,987 and two bedroom at Dh1,159,183.
Buniah has various projects in the pipeline including a Dh800 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.
By Staff Reporter
Gulf News 2008. All rights reserved.
