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- The AED 800 million tower is situated in the heart of the city on the Dubai Water Canal
Riyadh, KSA : Dar Al Arkan, the leading real estate company in Saudi Arabia, has unveiled the Urban Oasis residential tower in Dubai in partnership with the luxury Italian fashion house, Missoni, known for its bold colours and iconic zigzag motifs, stripes, and wave patterns.
The launch of the prestigious AED 800 million development marks two significant firsts for both the companies: Dar Al Arkan’s regional expansion with its first project in the United Arab Emirates (UAE), and the Arab world’s first ever bespoke Missoni-inspired living spaces designed by the fashion brand’s MissoniHome line dedicated to interiors, decor, and furnishings.
Urban Oasis is situated in the heart of the city directly on the Dubai Water Canal in close proximity to Downtown Dubai’s top attractions such as Burj Khalifa and The Dubai Mall, and many other premium lifestyle locations. The deluxe homes of Urban Oasis offer spectacular and uninterrupted views of the Dubai Water Canal, making the tower a true urban oasis within the bustling city.
Construction of the tower is currently underway and is set to be completed before the end of 2023.
Ziad El Chaar, Vice Chairman of Dar Al Arkan Real Estate Development Company, said: “The project’s location is in one of the most sought-after in the city, and we’re happy to have our first flagship development in the UAE situated in the heart of Dubai. The Dubai Water Canal is one of Dubai’s most attractive areas for homebuyers, and given its proximity to Downtown Dubai, Urban Oasis assures the best that the city life can offer, making it the ideal place to live. Working with Missoni is a clear indication of our continued dedication to providing our clients and investors with the highest standards of luxury living, while being completely unique compared to anything else on the market.”
Livio Proli, CEO, Missoni, said: “We’re delighted to be working with Dar Al Arkan on the Urban Oasis project, our first in the region, and are excited to be furnishing these incredible apartments with the finest fabrics and Miami inspired design, which will give the homes a unique and original finish. Our creative team has come together to design bespoke luxury interiors that perfectly complement the apartment’s urban surroundings. The Dubai real estate sector continues to grow and we’re relishing being a part of a development that has so much to offer.”
The stunning Urban Oasis in collaboration with Missoni is one of the best representatives of Italian fashion and contemporary design excellence around the world. It consists of 38 floors of high-end one, two and three-bedroom apartments and four-bedroom penthouses with luxury interiors from MissoniHome.
The unique penthouse apartments, which are accessible via a private elevator, come fully fitted with high-end Missoni fixtures and décor elements. The immaculately designed one, two, three apartments come in varying sizes and offer unique levels of five-star living, increadible water-front views and a closed kitchen.
Residents will also have access to luxury facilities and services. The tower features a swimming pool, a children's play area, car parking, an equipped gymnasium, and 24/7 conceirge and security service.
Expanding the Dar Al Arkan brand to international markets as a testament to the success of Saudi companies in delivering unique projects in new markets. It comes at an opportune time with Expo 2020 starting in October 2021, which will underline the investment potential in Dubai.
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About Dar Al Arkan Properties:
Dar Al Arkan Properties is the real estate development arm of Dar Al Arkan real estate development, a 26-year-old public shareholding company listed on the Saudi Stock Exchange (Tadawul). Headquartered in Riyadh, Saudi Arabia, Dar Al Arkan plays is today the largest developer in the Kingdom of Saudi Arabia. Dar Al Arkan Properties focuses on developing elegantly designed residences and thriving commercial centres in central locations in the Kingdom. With a track-record of delivering 15,000 residential units and over 500,000 square metres of commercial space, Dar Al Arkan Properties is fast-growing its portfolio across the Kingdom and expanding its international footprint to Dubai and Bosnia. www.daralarkan.com
About Missoni
Missoni is an Italian brand at the forefront of international fashion since 1953, year in which founders Ottavio and Rosita Missoni began the creation of their revolutionary knitwear fashion. Today the Group is based in Sumirago, Varese and it is owned at 58.8% to the Missoni family and at 41.2% to the fund FSI.
For more information:
ASDA'A BCW
Mohammed AlMaskati | Iman Ahmed
mohammed.almaskati@bcw-global.com | iman.ahmed@bcw-global.com
www.asdaa-bcw.com | www.arabyouthsurvey.com
© Press Release 2021
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