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Mahdi Amjad, executive chairman and CEO of the Omniyat Group and Khaldoun Al-Tabari, vice chairman and CEO of Drake & Scull International (DSI), last week, broke ground on One at Palm Jumeirah, the AED2 billion residential development located at the trunk of the Palm Jumeirah.
Members of DSI and Omniyat joined the two executives to celebrate the occasion. The development is scheduled to be completed in 2017.
"We are absolutely thrilled to break ground on what will be, in the near future, one of the finest residential developments anywhere in the world. Throughout the next three years, the Omniyat Group and DSI will work jointly to build this magnificent building to a standard, well beyond anything seen in high-end development," said Amjad.
"The 25-story tower, comprising 90 spacious apartments will be the most prestigious address in Dubai. Our swimming pools, indoor and outdoor, cinema, cigar lounge, super luxury spa and yacht club will be the most lavish of its kind,” he added.
Being one of the highest residential developments at the trunk of the Palm Jumeirah, the One at Palm Jumeirah’s 20,000 square feet penthouse will provide unobstructed 360 degree view of Dubai’s skyline around the Palm and marina areas.
“One at Palm Jumeirah is specially crafted for the most privileged of the privileged few, which shows the commitment, which is reflected in our design approach. Our aim is to release a project that can smoothly speak to the world and take the buyers through a journey of urban and premium lifestyle,” Al-Tabari said.
One at Palm Jumeirah is a 50-50 joint venture between the Omniyat group and DSI and is a collaboration between Soma Architects from New York, Super Potato interior design from Japan and Vladimir Djurovic landscape architects from Lebanon.