Ishraqah partners with Zahran Group to launch 'The Onyx'

'The project will offer investors the first freehold corporate opportunity available in the area on Sheikh Zayed Road next to Emaar Business Park, and will exemplify an open-design concept with views of The Palm Jumeirah and the Emirates Golf Course. On completion in early 2010, The Onyx will feature three modern towers in an integrated environment with a business hotel, office spaces, dining outlets and retail facilities,' said Hesham El Far, Managing Director, Ishraqah.

Commenting on the launch, Ibrahim A. Al-Asseri, Vice President, Zahran Group, said, 'The large investment allocated to this project underscores our belief that Dubai's emergence as a corporate powerhouse must be supported by developments such as The Onyx, which create the optimum environment for busy executives. The project's strategic location and spectacular views will appeal to the most discerning investor who desires to be located in the ultimate business destination and one of Dubai's new landmarks.'

A complete corporate community is earmarked for construction, incorporating one 25-storey office tower and another 16-storey office tower, in addition to a 14-storey business hotel with 200 rooms and 10 suites. Guests and businessmen can enjoy state-of-the-art amenities including swimming pools, health clubs, a beauty spa, an oxygen bar, business centres, meeting and conference rooms, cigar lounges, a day care centre, high end retail outlets and fine dining restaurants. The project also features optimum parking ratio, space efficiency and a total of 35 high speed elevators.

To link the three towers, an interconnected podium area is also being constructed, in addition to a modern rooftop terrace, a skylight and complementary landscaping.

'In association with our partners Zahran Group, we are committed to developing a comfortable, flexible and efficient atmosphere in an attractive destination at the heart of Dubai's burgeoning corporate hub. The Onyx will be a testament to our belief in helping individuals and organisations achieve success through creating surroundings that foster creativity and excellence,' commented Sheikh Sultan Bin Khaled Bin Mahfouz, Board Member, Ishraqah.

'We are very pleased with the direction of our partnership with Zahran Group in the Onyx project and are looking forward to bolster our strategic relations through other future initiatives. With the combined expertise and international network of the two companies, working on this project has been a very satisfying experience,' added Mahfouz.

Construction will commence soon on the 2,220,000-square feet project, which is located on Sheikh Zayed Road, next to the Emaar Business Park. The handover date has been scheduled for early 2010.