Omniyat signs partnership deal for leasing services at Business Bay
Sunday, May 03, 2009
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Omniyat Property Service (OPS), an arm of Omniyat Asset Management has entered into a strategic partnership with leading leasing service providers for major projects at Business Bay.
Omniyat is the first company to lease in Business Bay, the major accomplishment by Dubai, announced Mehdi Amjad, the Chairman and CEO of Omniyat Properties.
The company will deliver two major projects, namely, One Business Bay and Bayswater, worth a total of Dh.1billion. OPS, together with Jones LangLa Salle and CB Richard Ellis Limited-Middle East, guarantees unique leasing solutions to address the individual needs of owners and tenants in Omniyat.
The partnerships ensure that the development attract tenants from markets all over the world and ensures higher occupancy rates in the buildings. Moreover, the rent-free incentives, fit-out offerings and international standard of property management will help in attracting quality tenants.
With six commercial developments in the master plan, the OPS team is the first to deliver the new Central Business District in the region. Being the only company with leasable space in Business Bay, the partners will help in establishing standards for lead market research on vacancy rates and lease rates and pipeline stock.
The Director and Head of Agency Mena at Jones Lang LaSalle, Matt Hammond, said that great emphasize is being laid on customer service and Jones Lang LaSalle will help in finding the right fit for each tenant and owner through innovative deal structures, by bringing the right people together.
Omniyat is the first company to lease in Business Bay, the major accomplishment by Dubai, announced Mehdi Amjad, the Chairman and CEO of Omniyat Properties.
The company will deliver two major projects, namely, One Business Bay and Bayswater, worth a total of Dh.1billion. OPS, together with Jones LangLa Salle and CB Richard Ellis Limited-Middle East, guarantees unique leasing solutions to address the individual needs of owners and tenants in Omniyat.
The partnerships ensure that the development attract tenants from markets all over the world and ensures higher occupancy rates in the buildings. Moreover, the rent-free incentives, fit-out offerings and international standard of property management will help in attracting quality tenants.
With six commercial developments in the master plan, the OPS team is the first to deliver the new Central Business District in the region. Being the only company with leasable space in Business Bay, the partners will help in establishing standards for lead market research on vacancy rates and lease rates and pipeline stock.
The Director and Head of Agency Mena at Jones Lang LaSalle, Matt Hammond, said that great emphasize is being laid on customer service and Jones Lang LaSalle will help in finding the right fit for each tenant and owner through innovative deal structures, by bringing the right people together.
Labels: Business Bay, Leasing, Omniyat
Omniyat assures completion of Dubai projects
Thursday, February 05, 2009
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Omniyat Properties, the leading Dubai-based property developer, announced that it is focus this year would be on completing the projects launched, rather than considering an expansion outside the emirate.
The Chief Executive of the Company, Peter Walichnowski, said that although it is the long-term strategy of the company to go international, with the current happenings in the world, this is probably the wrong time to do it.
"At present we intend to focus on the nine projects that we have in Dubai, and in launching our asset management division," he said.
The parent company of the private developer, Omniyat Holdings, has launched the Omniyat Asset Management team this week, to diversify its income and distinguish itself from its competitors during the times of economic turmoil.
Omniyat has nine projects in Dubai, worth Dh.13.5bn, and is progressing as scheduled, towards completion of these projects, during the second quarter of this year. Additional six projects are in the design phase, "for some time to come", said Mehdi Amjad, the Executive Chairman of the firm.
According to the new plan by Omniyat, residents will be given the option to choose between the Omniyat Asset Management or another company for maintenance of the building. Walichnowski assured that Omniyat would be transparent about expenses and make decisions together with Home Owners' Associations.
Dubai has seen the advent of several strata and property management companies, including joint venture with National Bonds Corporation called BCS - Strata Management Services and Horizon Property Management.
Omniyat has a portfolio worth Dh.28bn. The company shed 69 jobs in its sales and marketing division during November last year.
The Chief Executive of the Company, Peter Walichnowski, said that although it is the long-term strategy of the company to go international, with the current happenings in the world, this is probably the wrong time to do it.
"At present we intend to focus on the nine projects that we have in Dubai, and in launching our asset management division," he said.
The parent company of the private developer, Omniyat Holdings, has launched the Omniyat Asset Management team this week, to diversify its income and distinguish itself from its competitors during the times of economic turmoil.
Omniyat has nine projects in Dubai, worth Dh.13.5bn, and is progressing as scheduled, towards completion of these projects, during the second quarter of this year. Additional six projects are in the design phase, "for some time to come", said Mehdi Amjad, the Executive Chairman of the firm.
According to the new plan by Omniyat, residents will be given the option to choose between the Omniyat Asset Management or another company for maintenance of the building. Walichnowski assured that Omniyat would be transparent about expenses and make decisions together with Home Owners' Associations.
Dubai has seen the advent of several strata and property management companies, including joint venture with National Bonds Corporation called BCS - Strata Management Services and Horizon Property Management.
Omniyat has a portfolio worth Dh.28bn. The company shed 69 jobs in its sales and marketing division during November last year.
Labels: Dubai Real Estate, Omniyat
Omniyat confirms timely delivery of all its launched projects
Thursday, December 18, 2008
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Omniyat Properties, one of the most innovative private property development companies in the region, re-iterated its commitment to the timely delivery of all its launched projects.
With nine projects, worth more than Dh.13bn in progress, Omniyat confirmed delivery of all projects in a span of three years, at the rate of three deliveries per year.
The CEO of Omniyat, Peter Walichnowski, said that construction is progressing as scheduled for all launched projects of Omniyat, and the company is committed towards meeting delivery schedules. The first three projects - Bays water, One Business Bay and The Square, would be ready by April 2009. The second bath of three projects - Binary, The Pad, and Gemini would be ready by 2010, while next three projects - The Opus, the Octavian and Beachfront would be delivered by 2011.
"This indicates the faith by the company in the Dubai market and also that the company is well-placed to meet the prevailing market conditions. The company is focused on the needs of customers, and will deliver outstanding real estate projects that offer superior quality commercial and residential lifestyles," he added.
With nine projects, worth more than Dh.13bn in progress, Omniyat confirmed delivery of all projects in a span of three years, at the rate of three deliveries per year.
The CEO of Omniyat, Peter Walichnowski, said that construction is progressing as scheduled for all launched projects of Omniyat, and the company is committed towards meeting delivery schedules. The first three projects - Bays water, One Business Bay and The Square, would be ready by April 2009. The second bath of three projects - Binary, The Pad, and Gemini would be ready by 2010, while next three projects - The Opus, the Octavian and Beachfront would be delivered by 2011.
"This indicates the faith by the company in the Dubai market and also that the company is well-placed to meet the prevailing market conditions. The company is focused on the needs of customers, and will deliver outstanding real estate projects that offer superior quality commercial and residential lifestyles," he added.
Labels: Latest News, Omniyat
Property developers offering hot deals to customers
Monday, December 08, 2008
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In a bid to keep the real estate industry going, the real estate brokers and developers are said to have begun offering several good payment options, so as to convince end-users into the market.
According to the Chief Executive of Dynasty Zarooni, Kabir Mulchandani, the current short-term problem needs to be tackled, as several buyers do not have access to mortgage or loans. Hence, the company has launched a monthly payment scheme, so that customers could enter the market in a bigger way. The company has also lowered their prices of both freehold and rental properties. Several of their properties have been placed into the rental market from the freehold sales.
"The flexi-payment scheme will help release the stocks, which will get utilized by end-users in the market, as there is a high demand for new supplies in the market," Mulchandani said.
Peter Penhall, the Chief Executive of Gowealthy.com, an online property portal, said that the market is now correcting itself and there is a liquidity crunch, while the banks are also tightening lending measures. The company has launched a sales campaign for Axis Residences at Dubai Silicon Oasis by GGICO. About 657 units were released and the buyers were allowed to make payments in 100 monthly installments, with three percent down-payment while registering for the property.
Emaar Properties, last month, launched the 'To Own' schemes which were meant to make property purchases much easier for customers. The programmes, titled "Plan to Own" and "Rent to Own" were aimed to strengthen the property sector by enabling easier purchases and making property purchase more affordable for customers.
The Executive Chairman of Omniyat Properties, Mehdi Amjad, also agreed that with mortgages getting harder to obtain these days, his company is also considering new payment plans to motivate customers. Earlier, Omniyat had launched a 50-50 payment plan, wherein 50 percent payment was paid during construction and the rest 50 percent was paid upon completion of the project. The company agrees that a similar payment program would soon be launched.
According to officials, smart marketing techniques, attractive payment schemes, a good price, and a good product, could all help developers to ride out of the current real estate slump.
According to the Chief Executive of Dynasty Zarooni, Kabir Mulchandani, the current short-term problem needs to be tackled, as several buyers do not have access to mortgage or loans. Hence, the company has launched a monthly payment scheme, so that customers could enter the market in a bigger way. The company has also lowered their prices of both freehold and rental properties. Several of their properties have been placed into the rental market from the freehold sales.
"The flexi-payment scheme will help release the stocks, which will get utilized by end-users in the market, as there is a high demand for new supplies in the market," Mulchandani said.
Peter Penhall, the Chief Executive of Gowealthy.com, an online property portal, said that the market is now correcting itself and there is a liquidity crunch, while the banks are also tightening lending measures. The company has launched a sales campaign for Axis Residences at Dubai Silicon Oasis by GGICO. About 657 units were released and the buyers were allowed to make payments in 100 monthly installments, with three percent down-payment while registering for the property.
Emaar Properties, last month, launched the 'To Own' schemes which were meant to make property purchases much easier for customers. The programmes, titled "Plan to Own" and "Rent to Own" were aimed to strengthen the property sector by enabling easier purchases and making property purchase more affordable for customers.
The Executive Chairman of Omniyat Properties, Mehdi Amjad, also agreed that with mortgages getting harder to obtain these days, his company is also considering new payment plans to motivate customers. Earlier, Omniyat had launched a 50-50 payment plan, wherein 50 percent payment was paid during construction and the rest 50 percent was paid upon completion of the project. The company agrees that a similar payment program would soon be launched.
According to officials, smart marketing techniques, attractive payment schemes, a good price, and a good product, could all help developers to ride out of the current real estate slump.
Labels: Emaar, Market Trends, Omniyat, Sales
Tameer, Omniyat, Emaar axe jobs
Thursday, November 27, 2008
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Leading UAE-based developer Tameer has announced job lay-offs involving half of its workforce in view of the slowdown in the UAE property sector caused by the global financial turmoil.
Tameer handed over redundancy notices to about 180 employees last week. The company has a total of 350 employees. The main projects by the developer include the Podium in Dubailand, Platinum Towers in Business Bay, Tameer Towers in Al-Reem Island in Abu Dhabi.
The news of job cuts came on the same day when Omniyat Properties confirmed job cuts affecting one-third of its workforce, in order to ride out the real estate downturn. The company axed 69 jobs, and also called back few of its previously announced projects.
Damac Holding, the largest property developer in Dubai, also announced plans to lay off 200 employees.
In the meanwhile, the Chairman of Emaar Properties, Mohammed Ali Alabbar, said that there are possibilities of redundancies, due to the current slowdown witnessed in the market.
The financial crisis has hit the demand for properties in Dubai from foreign investors, which constitute the bulk of buyers, while tightening liquidity has made home financing seem more difficult.
According to reports by HSBC, the property prices in Dubai fell 4 percent between September and October this year, with the villa prices dropping by 19 percent.
Tameer handed over redundancy notices to about 180 employees last week. The company has a total of 350 employees. The main projects by the developer include the Podium in Dubailand, Platinum Towers in Business Bay, Tameer Towers in Al-Reem Island in Abu Dhabi.
The news of job cuts came on the same day when Omniyat Properties confirmed job cuts affecting one-third of its workforce, in order to ride out the real estate downturn. The company axed 69 jobs, and also called back few of its previously announced projects.
Damac Holding, the largest property developer in Dubai, also announced plans to lay off 200 employees.
In the meanwhile, the Chairman of Emaar Properties, Mohammed Ali Alabbar, said that there are possibilities of redundancies, due to the current slowdown witnessed in the market.
The financial crisis has hit the demand for properties in Dubai from foreign investors, which constitute the bulk of buyers, while tightening liquidity has made home financing seem more difficult.
According to reports by HSBC, the property prices in Dubai fell 4 percent between September and October this year, with the villa prices dropping by 19 percent.
Labels: Emaar, Latest News, Omniyat
Omniyat awards The Opus contract to Multiplex
Thursday, March 27, 2008
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The main construction contract of Omniyat's Dh.1.7bn 'The Opus', a commercial and retail development at Business Bay, has been awarded to Multiplex, one of the leading commercial construction contractors in the region.
As per the contract, Multiplex has been given the responsibility of managing the development's construction and timely and on-budget delivery of the development.
The President and Chief Executive of Omniyat, Mehdi Amjad, said "The main factor behind awarding the contract of The Opus to Multiplex, is their excellent track record of delivering highly complex, prestigious and challenging projects. We are confident that Multiplex and Omniyat can work together to complete construction of The Opus in a timely and cost-effective manner."
The Opus, located on a unique 'Island' plot, is ideally positioned to provide tenants exclusivity, with a spectacular view of Burj Dubai and the Signature Towers, without any adjoining properties or projects.
Designed with the commercial tenant in mind, The Opus will be ready by 2010. At present more than 80 percent of the development has been sold out.
The project, designed by Zaha Hadid, the renowned architect, will enhance the Business Bay skyline with its unique, iconic, and artistic architectural structure.
The main construction contract of Omniyat's Dh.1.7bn 'The Opus', a commercial and retail development at Business Bay, has been awarded to Multiplex, one of the leading commercial construction contractors in the region.As per the contract, Multiplex has been given the responsibility of managing the development's construction and timely and on-budget delivery of the development.
The President and Chief Executive of Omniyat, Mehdi Amjad, said "The main factor behind awarding the contract of The Opus to Multiplex, is their excellent track record of delivering highly complex, prestigious and challenging projects. We are confident that Multiplex and Omniyat can work together to complete construction of The Opus in a timely and cost-effective manner."
The Opus, located on a unique 'Island' plot, is ideally positioned to provide tenants exclusivity, with a spectacular view of Burj Dubai and the Signature Towers, without any adjoining properties or projects.
Designed with the commercial tenant in mind, The Opus will be ready by 2010. At present more than 80 percent of the development has been sold out.
The project, designed by Zaha Hadid, the renowned architect, will enhance the Business Bay skyline with its unique, iconic, and artistic architectural structure.
Labels: Business Bay, Commercial Property, New Contracts, Omniyat
Omniyat launches Octavian, twin-tower at Business Bay
Saturday, March 08, 2008
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Omniyat Properties has announced the launch of 19-storey modern office twin-tower, Octavian, in Business Bay, which happens to be the eighth project by the company in the prestigious downtown business hub of the city.
Omniyat Properties has announced the launch of 19-storey modern office twin-tower, Octavian, in Business Bay, which happens to be the eighth project by the company in the prestigious downtown business hub of the city.Octavian, is another 'intelligent' development by Omniyat that reflects futuristic technologies, and is named after 'Galius Julius Caesar Octavianus', the first emperor of Rome and the man behind the most significant developments of the eternal city.
The President and CEO of Omniyat Properties, Medhi Amjad, said "Emperor Octavianus is remembered for his dynamic and inspirational approach to development, the qualities, which we believe are reflected in the unique structure of Octavian, a modern interpretation of a three-dimensional ornament."
The Octavian, which has received approval of RERA (Real Estate Regulatory Authority in Dubai), is a joint-venture between Omniyat and Investate, a Bahrain-based real estate investment company in which Omniyat has a 40 percent stake.
Even before its public launch, 13 floors out of the 19 floors of Octavian were sold within two days. According to a company official, the mad rush is due to the confidence that customers posses in the Omniyat brand name coupled with the strong international appeal of Business Bay.
The Octavian is a unique form of two-transparent towers, connected by a black center-piece, which is so designed that it sparkles in sunlight, emanating lightness and strength. The interior is designed in a manner so as to deliver easy maintenance and operation, along with a classic touch. Both towers of the Octavian has three podiums and four basement parking levels with 1250 bays and hi-tech security as a part of the facility. The ground floor of the building will be alive with 60,000 square feet of land set aside for retail space including restaurants, shops and other outlets.
Located in close proximity to Dubai International Convention and Exhibition Center and the Dubai International Financial Center, the Octavian is designed by Kling Consult, a renowned German Engineering. Enabling work of the project will begin in the third quart this year, and will be complete by 2011.
The Dh.1.2bn project will be the first project of Omniyat this year, and is one of the eight developments which will quadruple the value of the company's Dubai property portfolio to Dh.21bn this year.
Last year the company had doubled its sales and tripled its profits compared to that achieved during the year 2006.
Labels: Business Bay, Business Tower, Office Space, Omniyat
Major construction contract of The Pad awarded to Al Rostamani Pegel
Thursday, January 31, 2008
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One of Dubai's leading real estate developer, Omniyat Properties, has awarded the main construction contract of its 'The Pad' development to a UAE-German joint-venture, Al Rostamani Pegel.
The Pad, is an iconic 24-storey futuristic tech-savvy residential real estate development in Dubai, and is also the recipient of the prestigious 'Best International Apartment' award at the CNBC International Property Awards in Las Vegas, which is one of the largest industry accolades of its kind, in the world.
The President and CEO of Omniyat Properties, Mehdi Amjad, said "The Pad has earned various awards and distinctions from international development community for its advanced technological design and functionality."
The works have already commenced, and will be complete by December 2009.
One of Dubai's leading real estate developer, Omniyat Properties, has awarded the main construction contract of its 'The Pad' development to a UAE-German joint-venture, Al Rostamani Pegel.The Pad, is an iconic 24-storey futuristic tech-savvy residential real estate development in Dubai, and is also the recipient of the prestigious 'Best International Apartment' award at the CNBC International Property Awards in Las Vegas, which is one of the largest industry accolades of its kind, in the world.
The President and CEO of Omniyat Properties, Mehdi Amjad, said "The Pad has earned various awards and distinctions from international development community for its advanced technological design and functionality."
The works have already commenced, and will be complete by December 2009.
Labels: Construction Projects, New Contracts, Omniyat
Omniyat Properties commences ground-breaking work on 'The Opus' project
Thursday, October 25, 2007
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Omniyat Properties, the developer of exclusive real estate projects in Dubai, has begun the ground-breaking work on their commercial development, 'The Opus' situated in the heart of Business Bay. More than 60% of the project has already been sold out.
Designed by the Pritzker Prize winning architect, Zaha Hadid, 'The Opus' is worth more than Dh.1.7billion, and has been set to adorn the Dubai skyline with artistic and iconic architecture. The project, spreading over 85,000 square meters, was unveiled by the CEO of Dubai Properties, Mohammed Binbrek.
Being a perfect blend of art and technology, 'The Opus' forms a structure resembling cube with a fluid for "void" in the middle. The Opus will comprise of three individual towers, that are fused together to create the illusion of a single structure.
Located on an island plot in Business Bay, Dubai, The Opus, depicts a waterfront location, offering the most exclusive office real estate in Dubai, The eye-catching views of Burj Dubai, will further enhance the value of the development.
'The Opus' is expected to be completed during early 2010.
Designed by the Pritzker Prize winning architect, Zaha Hadid, 'The Opus' is worth more than Dh.1.7billion, and has been set to adorn the Dubai skyline with artistic and iconic architecture. The project, spreading over 85,000 square meters, was unveiled by the CEO of Dubai Properties, Mohammed Binbrek.Being a perfect blend of art and technology, 'The Opus' forms a structure resembling cube with a fluid for "void" in the middle. The Opus will comprise of three individual towers, that are fused together to create the illusion of a single structure.
Located on an island plot in Business Bay, Dubai, The Opus, depicts a waterfront location, offering the most exclusive office real estate in Dubai, The eye-catching views of Burj Dubai, will further enhance the value of the development.
'The Opus' is expected to be completed during early 2010.
Labels: Business Bay, Commercial Property, Construction Projects, Office Space, Omniyat
Omniyat announces Dh.6bn worth real estate projects in Dubai
Thursday, October 11, 2007
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Omniyat Properties on Monday announced three real estate projects in Dubai, worth Dh.6 billion, as it tries to build its place as one of the leading developers in the emirate.
The first among three projects is an office complex, worth Dh.1.5billion in Business Bay. The other two are mixed-use developments which would comprise residential units, shopping malls and hotels, with one on Dubai Waterfront worth Dh.2 billion, adjacent to the Palm Jebel Ali, and the other, worth Dh.2.5 billion, in The Lagoons, overlooking the Wildlife Sanctuary.
All the three projects are scheduled for completion by mid-2008. Omniyat expects that the launches will bring in a real estate investment of nearly Dh.10 billion by 2008.
None of the three projects will, however be displayed in the Cityscape real estate expo in Dubai, as Omniyat plans to showcase 'The Opus', a Business Bay development at the expo.
Few other projects that Omniyat is currently working on, includes Bayswater, One Business Bay, The Gemini, The Binary, The Pad and The Square.
The first among three projects is an office complex, worth Dh.1.5billion in Business Bay. The other two are mixed-use developments which would comprise residential units, shopping malls and hotels, with one on Dubai Waterfront worth Dh.2 billion, adjacent to the Palm Jebel Ali, and the other, worth Dh.2.5 billion, in The Lagoons, overlooking the Wildlife Sanctuary.All the three projects are scheduled for completion by mid-2008. Omniyat expects that the launches will bring in a real estate investment of nearly Dh.10 billion by 2008.
None of the three projects will, however be displayed in the Cityscape real estate expo in Dubai, as Omniyat plans to showcase 'The Opus', a Business Bay development at the expo.
Few other projects that Omniyat is currently working on, includes Bayswater, One Business Bay, The Gemini, The Binary, The Pad and The Square.
Labels: Cityscape, Omniyat, Property-show, Real Estate Company, Real Estate Projects
Omniyat Properties begins construction work on 'The Binary' freehold commercial tower
Saturday, September 29, 2007
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Omniyat Properties, the real estate arm of Omniyat Holdings, has announced the first phase of construction work on 'The Binary'. The main construction work for the freehold commercial project, worth Dh.550 million, has been awarded to Dutco Balfour Beatty Group. The enabling works, which began in March 2007, is almost complete, with 5% of overall development work now being completed.
The President and CEO of Omniyat Properties, Mehdi Amjad says "The project is a significant development and working together with the finest names in construction industry is a guarantee to deliver the most technologically advanced and futuristic developments to customers in the region. We wish to develop an office tower that help make its inhabitant more creative, efficient, and more productive."
The Binary real estate project comprises of two 21 and 25 storey freehold commercial towers, fused at the center, which is likely to come up on plot number 50 in Business Bay District in Dubai. The towers offer commercial space ranging from 55 to 180 square meters. The state-of-the art project will be elevated over a four level podium and will contain retail and commercial shops. 'The Binary' will be infused with intelligent technology, such as radio frequency identification, biometric access and voice over internet telephony.
The President and CEO of Omniyat Properties, Mehdi Amjad says "The project is a significant development and working together with the finest names in construction industry is a guarantee to deliver the most technologically advanced and futuristic developments to customers in the region. We wish to develop an office tower that help make its inhabitant more creative, efficient, and more productive."The Binary real estate project comprises of two 21 and 25 storey freehold commercial towers, fused at the center, which is likely to come up on plot number 50 in Business Bay District in Dubai. The towers offer commercial space ranging from 55 to 180 square meters. The state-of-the art project will be elevated over a four level podium and will contain retail and commercial shops. 'The Binary' will be infused with intelligent technology, such as radio frequency identification, biometric access and voice over internet telephony.
Labels: Business Bay, Business Tower, Construction Projects, Freehold Property, Omniyat, Real Estate Company
Omniyat Properties appointed CSCEC as main contractor for Bayswater project
Tuesday, September 11, 2007
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Omniyat Properties, the real estate branch of the UAE-based 'Omniyat Holdings', has awarded its AED345 million (US$92million) 'Bayswater' project, a 25 storey commercial tower, to China State Construction Engineering Corporation (CSCEC), appointing them as the main contractor for the project.
The project, which is expected to come up on a prime waterfront location in Business Bay district, Dubai, has now stepped into its second phase, after the enabling works were completed by Al Dhafra Piling Contracting Company (APCC). At present, about 25 percent of the main construction and 33 percent of the overall development have already been completed.
Omniyat Properties have agreed that the work is progressing as scheduled, and the work is likely to be completed by the third quarter of 2008.
CSCED is the most successful and one of the largest international contractors in the world, bringing with it the rich experience of working in landmark properties across the glove, and have received numerous awards for timely delivery of projects, and for meeting quality standards.
The contract has been handed-over just after the confirmation from the developer that the first phase of construction work on this freehold commercial tower has been completed.
The Managing Director, CSCEC, Yu Tao, expressing the company's excitement to be involved in the unique and innovative project, said that they are proud to be associated with a developer such as Omniyat Properties, who has been developing the most technologically advanced properties.
The tower, designed by Dubarch, the leading Dubai-based architects, is unique in its shape and is an optical illusion which looks like two slim towers side by side to the viewer, taking the shape of the letter X.
The tower projects hi-tech features such as multiple access points, high ratios of parking to office space, 825 bays spread over the four podium floors and two basement. The building comprises two penthouse office floors, a podium with terrace, and a few waterfront loft-style offices.
The project, which is expected to come up on a prime waterfront location in Business Bay district, Dubai, has now stepped into its second phase, after the enabling works were completed by Al Dhafra Piling Contracting Company (APCC). At present, about 25 percent of the main construction and 33 percent of the overall development have already been completed.
Omniyat Properties have agreed that the work is progressing as scheduled, and the work is likely to be completed by the third quarter of 2008.
CSCED is the most successful and one of the largest international contractors in the world, bringing with it the rich experience of working in landmark properties across the glove, and have received numerous awards for timely delivery of projects, and for meeting quality standards.
The contract has been handed-over just after the confirmation from the developer that the first phase of construction work on this freehold commercial tower has been completed.
The Managing Director, CSCEC, Yu Tao, expressing the company's excitement to be involved in the unique and innovative project, said that they are proud to be associated with a developer such as Omniyat Properties, who has been developing the most technologically advanced properties.
The tower, designed by Dubarch, the leading Dubai-based architects, is unique in its shape and is an optical illusion which looks like two slim towers side by side to the viewer, taking the shape of the letter X.
The tower is targeted to medium-sized companies looking for Grade-A office space.
The tower projects hi-tech features such as multiple access points, high ratios of parking to office space, 825 bays spread over the four podium floors and two basement. The building comprises two penthouse office floors, a podium with terrace, and a few waterfront loft-style offices.
Labels: Business Bay, Business Tower, Commercial Property, New Contracts, Office Space, Omniyat
Groundbreaking ceremony held in Business Bay for The Pad tower
Wednesday, August 29, 2007
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Omniyat Properties, the real estate development branch of Omniyat Holdings recently held a groundbreaking ceremony of their prestigious Dh.550 million hi-tech tower, The Pad, in Business Bay.
Designed by James Law Cybertecture International, The Pad, will set an example for the rest of the world, with its unique, sophisticated residential buildings, due for completion by 2009.
This totally integrated residential complex is essentially a mix of advanced technology and perfection in design and architecture that personifies 21st century living in everyway. Through its innovative use of technology and design The Pad will offer its inhabitants a unique lifestyle experience not found anywhere else.
The President and CEO of Omniyat Properties, Mehdi Amjad, said "This marks the beginning of a new era, which will see us push boundaries of futuristic lifestyles. The Pad will set new standards of design in the Middle East and beyond. The project has already drawn huge media attention all over the world, particular the markets which are mesmerized by scope of developments in Dubai. This residential complex personifies the 21st century lifestyle in every way."
'The pad' is expected to comprise 231 apartments ranging from studios, one and two bedroom units, and a range of loft homes. The apartments will have various interesting features, including an inspirational clubhouse, which is meant exclusively for its residents. The exclusive club-house will comprise state-of-the-art gym, basketball court, running track, swimming pool with underwater audio system and more. The club will also offer its residents with a big meeting lounge, games room, party room, outdoor sunset terrace and library.
Designed by James Law Cybertecture International, The Pad, will set an example for the rest of the world, with its unique, sophisticated residential buildings, due for completion by 2009.
This totally integrated residential complex is essentially a mix of advanced technology and perfection in design and architecture that personifies 21st century living in everyway. Through its innovative use of technology and design The Pad will offer its inhabitants a unique lifestyle experience not found anywhere else.The President and CEO of Omniyat Properties, Mehdi Amjad, said "This marks the beginning of a new era, which will see us push boundaries of futuristic lifestyles. The Pad will set new standards of design in the Middle East and beyond. The project has already drawn huge media attention all over the world, particular the markets which are mesmerized by scope of developments in Dubai. This residential complex personifies the 21st century lifestyle in every way."
'The pad' is expected to comprise 231 apartments ranging from studios, one and two bedroom units, and a range of loft homes. The apartments will have various interesting features, including an inspirational clubhouse, which is meant exclusively for its residents. The exclusive club-house will comprise state-of-the-art gym, basketball court, running track, swimming pool with underwater audio system and more. The club will also offer its residents with a big meeting lounge, games room, party room, outdoor sunset terrace and library.
Labels: Business Bay, Latest News, Luxury Homes, Omniyat, Residential
Bayswater Project enabling is on the verge of completion
Friday, December 29, 2006
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The enabling work of Bayswater, the twenty five storied commercial tower worth Dh.345 million (US$92 million) of Omniyat Properties is on the verge of completion. This happens to be the second of its four commercial developments with the enabling work being carried out by Al Dafra Piling and Contracting Company (APCC).
The President and CEO of Omniyat Properties, Mehdi Amjed mentioned that the enabling work on Bayswater has met considerable progress and the construction is due to start in January 2007 and will be completed by the third quarter of 2008.
Bayswater, is located on a water-facing plot in Dubai’s Business Bay and is designed by Dubarch, the Dubai based Architectural and Civil Engineering Firm. The project is designed to fill the mid-market segment which targets medium sized companies that wishes to occupy a Grade-A office space, that is competitively priced.
The President and CEO of Omniyat Properties, Mehdi Amjed mentioned that the enabling work on Bayswater has met considerable progress and the construction is due to start in January 2007 and will be completed by the third quarter of 2008.
Bayswater, is located on a water-facing plot in Dubai’s Business Bay and is designed by Dubarch, the Dubai based Architectural and Civil Engineering Firm. The project is designed to fill the mid-market segment which targets medium sized companies that wishes to occupy a Grade-A office space, that is competitively priced.
Labels: Omniyat
