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FINANCIAL NEWS
Omniyat Group, DSI to begin work on new Palm Jumeirah project
09 Oct 2014
(MENAFN) Omniyat Group and Drake & Scull International (DSI) announced that they have begun construction on their megaproject in Palm Jumeirah, Gulf Business reported.
The project, called One at Palm Jumeirah, is a USD544 million premium residential development located at the trunk of Palm and it is scheduled to be done by 2017.
The project, which is a 50-50 joint venture between the Omniyat group and DSI, will be designed by architects Soma from New York, Super Potato interior design from Japan and Vladimir Djurovic landscape architects from Lebanon.
The One at Palm Jumeirah is expected to be 25 floors high and will comprise of 90 apartments, as well as having indoor and outdoor swimming pools, a cinema, cigar lounge, super luxury spa and yacht club.
“One at Palm Jumeirah is specially crafted for the most privileged of the privileged few, which shows the commitment which is reflected in our design approach,” CEO of DSI said.
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