First freehold properties on 'The World' go up for sale
The first freehold property offering to come out of Dubai's 'The World' project go on sale tomorrow at Arabian Travel Market, the Middle East's premier travel and tourism show at the Dubai World Trade Centre, when a limited selection of homes on the OQYANA elitist sanctuary of supreme lifestyle are released for open purchase.
OQYANA will enjoy spectacular views of the Dubai coastline.
The mix of exquisite beach homes and spectacular Bay View and Sea View residences provide international investors with a first-mover advantage onto 'The World' project, being built offshore Dubai's Jumeirah coastline.
OQYANA is a project by The Investment Dar, a publicly-quoted company on the Kuwait Stock Exchange and EFAD Holding, a major stakeholder in The Investment Dar. OQYANA is the Australasia segment of 'The World' and was named after the Arabic for Oceanic. It is the world's first fully master-planned elite island retreat.
The release of homes on sale at Arabian Travel Market includes a limited number of Bay View Residences - the superlative apartments on OQYANA's North Victoria Island, Alice Island, the Gibson Islands and South Leopold Island. The apartments are low rise, spacious and contemporary and offer incredible views over waterways and a busy marina community.
Also on offer are a select few Sea View Residences - unique in that they are the only apartments in the world to offer double-views - of the ocean and OQYANA bay. The extremely spacious apartments are modern, striking and light-filled homes on North Leopold and Fraser Islands.
OQYANA, the first destination to be designed for 'The World', is a quantum leap in Dubai's freehold real estate offering with a unique concept and a commitment to service and finishing levels never before seen in the region.
Unique to OQYANA is the fact that it will be the Middle East's first car-free destination. Travelling around the destination will either be by inter-island ferries or via an extensive network of seamlessly, inter-linked walkways.
'OQYANA will truly be a sanctuary of supreme lifestyle - a tourism-getaway and second home destination,' said Waleed Al-Humaidhi, Chairman, EFAD Holding. 'It will be a walker's paradise with 17 kilometres of inter-linked walkways, a haven for beach lovers with some 5,300 metres of shore front and a boating hub with over 1,500 berths.
'And all this is within just four kilometres of Dubai's Jumeirah Beach coastline.'
OQYANA is the closest of 'The World' destinations to the mainland and will have the best views of Dubai.
'The entire destination can be isolated as it has no extensive public water corridors running through it, providing the highest privacy levels for residents,' added Al-Humaidhi.
In all, around 10,000 to 12,000 people are expected to take up residency on OQYANA when it is complete in 2012.
OQYANA will be linked to the mainland via a ferry service. The destination will also boast a substantial area of upscale retail and all the community facilities expected of a high-end, elitist project.
Better Homes LLC of Dubai, one of the UAE's leading real estate companies, is assisting the marketing of the OQYANA properties at Arabian Travel Market, which runs until May 6.
:runaway: what a project soon Dubai's sea will be so busy with yatchs and boats + Sea taxies service which will start soon from almost every coast in Dubai to Sharjah and soon to Abu Dhabi and then to all the othe Emirates !
His Highness General Sheikh Mohammed bin Rashid al Maktoum, Dubai's Crown Prince and UAE Defence Minister, has praised the OQYANA sanctuary of supreme lifestyles, taking shape on Nakheel's 'The World' project, for its uniqueness and vision.
Left to right: Al-Humaidhi briefs HH Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Information and Culture, HH Sheikh Mohammed bin Rashid Al Maktoum and Sultan bin Sulayem, Executive Chairman of 'The World's master developer, Nakheel.
Visiting the OQYANA project at the opening of Arabian Travel Market, the Middle East's premier travel and tourism exhibition, HH Sheikh Mohammed said: 'This is really different. I am very impressed with its uniqueness; it is what we are looking for - totally outside the norm.'
HH Sheikh Mohammed was briefed on the project by Waleed Al-Humaidhi, Chairman of Kuwait's EFAD Holding, which is developing OQYANA, the world's first fully masterplanned elite island retreat, in conjunction with The Investment Dar.
'His Highness asked for a brief on each segment of the project which we have designed to augment his vision of Dubai,' said Al-Humaidhi.
OQYANA is the Australasia segment of 'The World' which is being built four kilometres offshore Dubai's Jumeirah coastline. It was named after the Arabic for Oceanic.
Meanwhile sales of property on the project- the first freehold offering to come out of 'The World' - began at Arabian Travel Market today. Put on the market were a mix of beach homes and Bay View and Sea View residences.
Following ATM, which runs at the Dubai World Trade Centre until May 6th, the OQYANA masterplan model will go on show at the new OQYANA customer relations centre in the Presidential Suite of Dubai's Shangri-La Hotel on Sheikh Zayed Road.
Kuwait-based Islamic finance and investment company Investment Dar has announced plans for the construction of a major real estate development for the 40-hectare Australasia island on The World development in Dubai, known as Oqyana
The project will comprise the construction of more than 1,650 sea-view apartments and mansions, 90 water homes, about 170 canal homes and two high-end hotels, including a spa resort. On-site construction is not due to start until late 2008 and will take about four years to complete.
It will also entail the construction of a central marina and more than 1,500 private yacht berths.
Australia’s Woods Bagot has prepared the masterplan.
The Kuwaiti/UK Proman Mace is the project manager and cost management consultant.
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