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Tuesday, February 21, 2017

Omniyat’s Opus Tower Is One Of The Best

Dubai-based property developer Omniyat’s visually impressive Opus Tower development has been lauded by global design authority Architectural Digest magazine.

The incredible Dame Zaha Hadid-designed development in Dubai was named in the publication’s recent list of  ‘9 of the Most Striking Skyscrapers With Holes in’ and was a celebration of buildings that offer “city dwellers bold new forms to admire from the outside, but [that] tenants within can enjoy sources of light that more traditional skyscrapers preclude”.

Located in the heart of Burj Khalifa District, the project is due for completion this year and will be home to the ME Dubai Hotel by Melia Group of Hotels, a leading global hotel chain with over 350 properties and 90,000 rooms in 39 countries on 4 continents.

The Opus Residences, a limited collection of luxury serviced residences at The Opus, will be furnished with furniture and fixtures exclusively hand-picked by Zaha Hadid. Each apartment will be an individually crafted art piece.

The placement of Omniyat’s unique flagship property in the list is testament to the developer’s vision and thought leadership when it comes to iconic, avant-garde building design.

Mahdi Amjad, Executive Chairman and Founder of Omniyat, said: “I am delighted that our forward-thinking approach to property development has been recognized by this prestigious global publication and look forward to more accolades as the project progresses.

“When I established Omniyat in 2005 I was motivated by my desire to develop uncompromising creative signature buildings”, continued Mr Amjad. “I was fortunate enough to have worked with my dear friend and design mentor Dame Zaha Hadid on the creation of our flagship Opus Building in the heart of Dubai and it promises to be a worthy addition to the ever-growing Omniyat portfolio.”

Sunday, February 12, 2017

Building Work Nears Completion On AED500m First Avenue Project In Dubai’s Motor City

§  Countdown on as mall and hotel in Motor City set to launch in May

§  Mall’s anchor tenants in place, taking up 40% of the leasable area

§  Arabic restaurant chain Reem Al Bawadi among the anchor tenants

§  Fit-out for retail outlets will be finished within four months

§  Project attracts major brands as backers expect strong consumer demand

Building work is almost finished on First Avenue, the new shopping mall and hotel development in Motor City. The project’s backers say construction work for the mall is on track for completion by the end of this month, with fit-out for the retail units set to take another four months. The mall is expected to open in May, along with the adjoining hotel.

First Avenue’s anchor tenants are in place, taking up 40% of the mall’s leasable area. Carrefour, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, will take up 11% of the leasable area. Prime Medical Centre, a leading provider of clinical, diagnostic and medical tourism services, will absorb 9% of the leasable area. Fun Block, part of Fun City by Landmark Group, will introduce a new generation of children’s entertainment space, occupying 9% of the leasable area. Reem Al Bawadi, a famous Arabic food and beverage chain, will take up 6% of the leasable space. ACE Hardware, the world’s largest hardware retail cooperative selling products to fix homes and businesses, will have 5% of the leasable area.

First Avenue, which is owned and operated by Saudi Arabia’s Al Tawfeeq for Development and Investment (ATDI), will meet rapidly scaling consumer and business demand in Motor City as Dubai’s tourism sector and the local population grow.

“We are delighted that First Avenue mall is on schedule for a ‘soft opening’ in May,” said Dr Ramy Moussly, ATDI General Manager. “The project will be a landmark development in Motor City, strategically located to serve local demand in a growing area with a young demographic, and positioned to help meet rising business and leisure tourism numbers in Dubai. First Avenue is part of Dubai’s newest suburban quarter. Among the signs that the area is popular is the planned move by media group MBC of a major part of its production to Dubai Studio City which is less than one kilometer from the mall and hotel. As Dubai’s development moves southwards, we are well sited to serve a growing and discerning market.”

First Avenue, based at the edge of the Dubai Autodrome, will have 70 high-street retailers and 15 casual dining restaurants. The adjoining four-star 150-room hotel, which can be accessed directly from the mall, will be operated by Park Inn by Radisson, with an all-day restaurant, lobby, meetings and events spaces, gym, spa and swimming pool. The hotel overlooks the race track at Dubai Autodrome.

First Avenue’s backers want the mall to be an all-week-round social and retail hub in the Union Properties-developed Motor City, with a distinct automotive and lifestyle theme. The two-storey development stretches across 500,000sqft. with an underground car park offering 400 spaces.

Motor City is a rapidly growing area in Dubai, close to Studio City, Sports City and Arabian Ranches, and a short drive from Maktoum International Airport and the Expo 2020 site.

Friday, February 10, 2017

Dubai Properties’ Iconic Tower Development 1/JBR On Track For Q4 2019 Completion

Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has announced that Dubai Construction Company (DCC) has been awarded the contract for the exclusive luxury sea-front tower - 1/JBR. Work is now steadily advancing and on track for a Q4 2019 completion. Located at the entrance to Jumeirah Beach Residence (JBR), one of the most exclusive lifestyle destinations in the Emirate, 1/JBR will epitomize unparalleled luxury and indulgent beach side living.

Abdulla Bin Lahej, Group CEO, Dubai Properties said: “1/JBR is an exemplary development that reinforces DP’s position as a creator of master-planned destinations and it is set to redefine the definition of luxury sea-front living in Dubai. This is exemplified by the extremely positive investor sentiment in the entire JBR area, with Dh2.893 billion worth of real estate transactions recorded in just 6 months of 2016. Our luxury portfolio of destinations is strategically developed to reinforce Dubai’s position as the capital of luxury on a global scale and we have carefully chosen our project partners for this development in order to ensure only the highest quality and specifications for the building works, as well as a timely project delivery.”

DCC, a Dubai-based construction company with more than 50 years of experience in the region specializing in building residential, commercial, mixed-use building, hospitality and leisure complexes, sees the 1/JBR project as an opportunity to bring to life a future icon on Dubai’s skyline.

A spokesperson from DCC commented, “By using only the most innovative techniques, we are able to bring to life the most iconic designs with the highest quality of detail and finish. This approach has allowed us to deliver many memorable and groundbreaking landmark buildings in the UAE and across the region. We are delighted to have the opportunity to be a part of such a landmark project as 1/JBR and our reputation, talented team and decades of expertise will complement DP’s vision for this unique tower development.”

JBR is the most sought-after lifestyle destination among residents and tourists and is globally recognized as a leading mixed-use destination, welcoming over 12 million tourists annually.  1/JBR will be gracing the JBR skyline and offer the bespoke 5-star luxury amenities Dubai is known for.

The 46-story tower, with its panoramic views of the Dubai Eye and Palm Jumeirah, offers amazing living on a new scale as the JBR’s future luxury icon with indulgence infused into every detail. Each of the 161 large units, which range from two-, three- and four-bedroom apartments and five-bedroom penthouses, will have high-end finishings and fixtures from floor to ceiling windows. Each apartment comes with two privately appointed parking spaces as well as private elevators for the penthouse apartments. The building fa├žade perfectly complements the ‘A’ grade interior with unique and animated lighting making its mark on the surrounding lifestyle boulevard – The Walk.

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