April 20, 2024
Real Estate UAE

Emaar Properties unveils expansion of The Oasis in Dubai

Development value rises to AED73 billion

Emaar Properties has unveiled a substantial expansion of its flagship residential project, The Oasis by Emaar, reaffirming its dedication to redefining luxury living standards.

This Dubai-based development has witnessed a remarkable 108% increase in lush landscapes, propelling the total development value from AED34 billion to AED73 billion.

Introduced initially as one of Dubai’s most significant and distinguished developments, The Oasis by Emaar set a new benchmark in upscale living with its exceptional architectural design and interiors crafted by renowned global talents.

Aligned with Emaar’s commitment to sustainable luxury living, The Oasis now features an expanded landscape, offering residents an immersive experience in a lush, eco-friendly environment.

Bespoke living

The focus on spacious mansions and villas against the backdrop of water canals, lakes, and parks aims to set an unparalleled standard of living.

The Oasis dedicates 25% of its land to recreational areas, emphasising a resort-style living experience.

The expanded green spaces, lakes, jogging tracks, and luxury amenities are designed to promote a community-focused, active, and healthy lifestyle.

The project’s strategic location within Dubai provides proximity to four international golf courses, appealing to golf enthusiasts.

Being just a 20-minute drive from downtown Dubai ensures residents are within reach of the city’s vibrant attractions.

Founder of Emaar Properties, Mohamed Alabbar, expressed enthusiasm for the ambitious project, saying, “With The Oasis’ expansion, this extraordinary development is not only growing in size but also vision, enabling us to bring significant new projects to the market and further elevating Emaar’s sales levels.

“The AED73 billion investment exemplifies Emaar’s objective of creating living spaces that combine luxury and sustainability, establishing The Oasis as an exemplary model for integrating opulent living with a greener future in Dubai’s dynamic landscape.”

Emaar Properties, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles with a significant presence in the Middle East, North Africa, and Asia.

As one of the world’s largest real estate companies, Emaar boasts a land bank exceeding 1.7 billion sq. ft. in the UAE and key international markets.

With a proven record of accomplishment in delivery, Emaar has handed over approximately 108,000 residential units in Dubai and other global markets since 2002.

Emaar’s portfolio includes vital recurring revenue-generating assets, encompassing approximately 1,300,000 square metres of leasing and 34 hotels and resorts with over 8,700 keys.

Presently, 46% of Emaar’s revenue is derived from its shopping malls, retail, hospitality, leisure, and international subsidiaries.

Featured image: The Oasis now features an expanded landscape. CGI: Emaar Properties

    Middle East News 247

    Middle East News 247

    Middle East News 247 delivers the latest business and lifestyle news and essential infotainment for, and from the Middle East region, with key focus on the GCC nations: United Arab Emirates (UAE), Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman.
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