Omniyat and DSI to develop new residential building on Palm Jumeirah in Dubai

31 August 2014 (Last Updated August 31st, 2014 18:30)

Middle East-based developer Omniyat has partnered with Drake & Scull International PJSC (DSI) to build a new residential project at the entrance of the Palm Jumeirah in Dubai.

PJ

Middle East-based developer Omniyat has partnered with Drake & Scull International PJSC (DSI) to build a new residential project at the entrance of the Palm Jumeirah in Dubai.

The project named One at Palm Jumeirah will be jointly developed by both firms, while Omniyat will manage the project.

The residential building will be designed by Soma architects from New York, Super Potato from Japan and Vladimir Djurovic from Lebanon.

While Super Potato is known for its interior designs of restaurants, shops and hotels, Vladimir Djurovic is famous for its landscape architecture for boutique hotels, resorts and public urban spaces.

One at Palm Jumeirah will feature apartments ranging in sizes from 2,500ft² to 20,000ft².

Omniyat executive chairman and CEO Mahdi Amjad said: "The finishing will be handled by famed interior designers.

"The combined expertise of these world-class firms is guaranteed to create a unique, high-end extraordinary development."

"The combined expertise of these world-class firms is guaranteed to create a unique, high-end extraordinary development.

"Our objective is to maximise shareholders' value by designing and developing unique and prestigious real estate developments."

DSI PJSC CEO and vice-chairman Khaldoun Al Tabari said: "We are delighted to partner with Omniyat to create a unique landmark on the iconic Palm Jumeirah skyline.

"Our 48 years' expertise with high-rise tower projects around the world will prove vital to delivering a project worthy of this prestigious location.

"We are confident that the synergy of our combined experience and construction capabilities will deliver a new milestone on Dubai's urban architecture."

Construction works are scheduled to begin within the next two months.


Image: The residential project will be located at the enterance of the Palm Jumeirah in Dubai. Photo: courtesy of Richard Schneider.