Omniyat Properties, the real estate development arm of the Dubai-headquartered Almasa Holdings, has unveiled its fourth innovative commercial project – Gemini - an AED 500 million freehold office tower in Dubai’s Business Bay. Named to reflect its conjoined twin-tower design, Gemini, which will be completed in the second quarter of 2009, will soar 20-storeys and comprise 260,237 square feet of office space.
Set to be a Business Bay landmark, Gemini adds to Omniyat Properties’ growing portfolio of unique, high-end commercial offerings designed by an in-house team charged with developing exclusive working environments.
“Gemini will be a unique structure with the façade being largely constructed from solid black granite blocks with meandering aluminum and white glass,” explained Mehdi Amjad, President and CEO, Omniyat Properties. “Its twin-towers are linked by a 15-storey central block which will house freehold offices, serviced offices, a tranquility zone, retail and medical facilities”.
“Its exterior and interior design will differentiate it from its neighbors. The building will stand alone at one of the main Business Bay entrances with two sides facing waterways”
“Gemini will also be differentiated by a plethora of services incorporating Omniyat Properties’ unique ‘Corporate Performance Enhancement Centre’ office concept. It will feature not only the latest business technology, but also state-of-the-art lifestyle elements.”
The building will have four underground parking levels, and has been designed to promote the very best in living and working efficiency with an “everything-under-one-roof” approach.
“By delivering convenience and efficiency we ensure our buyers and tenants will ‘live the future,’” said Ehab S. Shouly, Senior Vice President & Marketing Director. Omniyat Properties. “This self-sufficient building will aid efficiency as staff will no longer have to leave the office to pay bills, go to the dentist or visit the travel agent. All these tasks can be accomplished in one place with minimal effort which will enhance workplace productivity.”
More than 50% of Gemini has been sold in its pre-launch stage to investors who have contracted for full floors and half floors hoping to sell on to the secondary market at a premium or retain for long-term returns through rental, according to Tarek Kandil, Director of Sales, Omniyat Properties.
Omniyat Properties is one of the fastest-growing property developers in the UAE specialized in the development of futuristic, hi-technology commercial towers. It exceeded AED500 million in sales last month – substantially beating targets - with its first residential project having sold out within three days.
“Our first three projects, One Business Bay, Bayswater and the Binary, witnessed remarkable pre-launch sales. Our aggressive expansion strategy has already seen the value of our Dubai projects rise to over AED 2.5 billion within the last few months,” Amjad explained.
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