Omniyat starts work on Langham Place Downtown Dubai
Omniyat Group, a leading real estate developer in Dubai, has awarded the enabling works contract for its AED 1 billion ($ 272 million) Langham Place Hotel and Residences in Downtown Dubai.
Mark Phoenix, Managing Director, Omniyat Group, stated: "The start of construction and award of the enabling agreement to Dubai based NSCC is a considerable turning point towards our commitment to finishing our 2000 keys of Uber-luxury hotels and 5 star serviced residences before Dubai hosts expo 2020. As a reputable curator of the world's biggest designers and hospitality brands it provides me fantastic enjoyment to see the Langham Place progressing to take an unique place within our $4bn advancement portfolio"
He added: "Mobilization work will begin in one week and will be complete in the very first quarter 2017."
Omniyat Group is presently working on issuing the main construction works bundle tender and expects to award it by end of 2016.
To make sure financiers get instant return on their investment, Omniyat Group has revealed a surefire income program that provides 20 percent returns over the first 2 years of investment.
" The Langham Place Downtown Dubai fulfills 2 of the utmost requirements of HNWIs building investors worldwide-- owning an ultra-luxury branded advancement, and being in the heart of the traveler and company centre. We are releasing our domestic systems for sale in Dubai and Doha on Might 30th and are confident of a strong pick up from regional, local and international investors who value owning a piece of among our trophy possessions," Phoenix emphasised.
Prime Place
Located in Dubai's dynamic main business district, Business Bay, The Langham Location provides panoramic view of Dubai Water Canal and provides simple access to Downtown Dubai, Mohammad Bin Rashid City, World Trade Centre and Dubai International Financial Centre.
The Langham Location hotel will cover an area of 9,028 square metres and have actually a developed area of 65,025 square metres. The project will consist of 167 hotel keys whilst the Langham Place Residences will have 239 fully-serviced five-star residences, ranging from luxurious to one, two and three bed room suites, and duplex penthouses.
Locals will be offered a variety of facilities consisting of a swimming pool, advanced gym, an enchanted Spa, kids's facilities, food & drink outlets, a business centre, housekeeping and space service and retail shops.
In August 2015, Omniyat Group and Hong Kong-based Langham Hospitality Group, a world-renowned business with 150 years of heritage in the hospitality sector, signed a deal to produce the prominent Langham Place Downtown Dubai.
The world-renowned and the epitome of luxury, Langham Location runs over 8,000 rooms in over 30 properties situated in major cities over four continents.
