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Buniah launches $81m tower

Dubai:, January 20, 2008

Real estate and hotel advisory provider Buniah has launched a Dh300-million ($81.67m) Oasis Tower Two in Dubai Sports City.

The project, a joint venture between Buniah Group and Oasis Ventures Group, will comprise of total 240 fully-furnished apartments.

“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,” said Buniah chief executive officer Mohammad Al Saafeen.

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, the developer said in a statement.

Optimally located with a spectacular frontal view of Dubai 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 (Dh432,816), Executive Suite (Dh522,231), One bedroom (Dh730,987) and Two bedroom (Dh1,159, 183).

Buniah currently 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. – TradeArabia News Service




Tags: real estate | Realty | Buniah | Oasis Tower |

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