Omniyat, DSI launch residential project on Palm Jumeirah

Drake & Scull International, a publicly listed company on Dubai Financial Market, and Omniyat, a Dubai-based developer, have entered into a partnership to build a project located at the entrance of the Palm Jumeirah.

One at Palm Jumeirah, the project, which will debut at the forthcoming Cityscape Global, will be managed by Omniyat.

The enabling works are due to commence within the next two months, according to a joint statement issued by the companies.

Khaldoun Al Tabari, CEO, DSI said: “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.”

Mahdi Amjad, Executive Chairman, Omniyat, said: “We believe this plot is the perfect location to build such an iconic development that will be a global collaboration with inputs from Dubai, Japan, New York and Lebanon. It will definitely stand out on the Dubai skyline."

He added: “We couldn’t have found a more competent partner than DSI to co-develop this landmark project, given their 48 years of excellence in the construction industry.”

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

The building will offer 360-degree views, with apartment sizes ranging from 2,500 to 20,000 square feet.

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