D'SECO launches AED 380 million Oval Tower in Dubai
- United Arab Emirates: Wednesday, May 30 - 2007 at 15:36
- PRESS RELEASE
D'SECO has officially announced today the launch of its AED 380 million commercial building project, Oval Tower, the company's latest edition to its rich and growing portfolio.
Occupants of Oval Tower will be able to enjoy efficiently-designed and comfortable office spaces. The flexible floor layouts will allow tenants to choose from a number of different configurations to plan whether an individual or an open office space is preferred. Offices are also designed according to international standards and regulations ensuring a safe and productive business environment.
Oval Tower will include a fully equipped gymnasium housing a sauna, shower and locker facilities. The tower's podium includes easy access to luxury dining, as the dining area will feature a dedicated entrance with a panoramic lift and staircase. In addition to the podium parking, the tower also features a basement parking area, designed to provide sufficient parking spaces and smooth traffic flow for both occupants and visitors.
"The exterior and interior design of the building are both very elegant and unique. Our goal is to design a tower that is so extravagant in appearance and efficient in utilities, that not only would people start identifying it as a landmark, but they would also praise its internal environment as one that is ideal for the right business setup," said Jae Yul Yoon, Chief Vice President, D'SECO.
The company assigned by D'SECO to over see the construction of the project is Pumyang Construction Co. LTD. founded in 1958 and highly regarded in Korea as one of the most reliable and professional construction companies locally and globally, Pumyang has 47 years of experience in construction and engineering.
The company has completed many projects domestically and internationally. Some of their local work includes engineering and construction of several infrastructure and facilities projects such as Government office buildings, restaurants, hotels, power plants and hospitals. Pumyang's global profile also consists of constructing concrete pile manufacturing plants, harbour restoration, highway construction and residential Towers.
"By contracting the services of the best sub-constructors and vendors, along with the highly sophisticated technique of construction management ensures that this project will be completed on time, while maintaining the highest quality and standard," said Young Dong Lee, Branch Manager, Pumyang Construction Co. Ltd.
Assigned to handle the sales and marketing of Oval Tower is Colliers International. Since its establishment in 1976, it has been one of the most recognized and trusted property consultants when it comes to offering quality real estate services. With 266 offices located in 56 countries in 6 continents, developers all over the world have enjoyed easy access to Collier's varied services. A few of their expert services lie in the area of Valuation, Appraisal services, Consulting and Management. At the end of 2006, due to its continuous success, the company recorded revenue accumulating to US$ 1.6 billion.
"Oval Tower offers high end office spaces, state of the art recreational and health facilities, a luxury dining experience and a prime location that has easy access to either Sheikh Zayed road or Al Khail road; all at affordable prices. At Colliers we fully understand our clients' business needs and expectations and thus every property we advise them with, is tailor made to such needs, and above all, worthy of their investment," said Roy Saker, Associate Director, Colliers International.
The Architectural design and engineering for Oval Tower will be handled by Atkins, the company responsible for other impressive projects such as Burj Al Arab, Jumeirah Beach Hotel, Chelsea Tower and Al Rostamani office building. The Tower will utilize a sophisticated modern glass finish that is accompanied with a pure white structure. By the time it is completed Oval Tower will be known as a symbol of the utmost architectural elegance and modernity.
"Our aim was to conceptualize and implement a design that enriches an already architecturally diversified and elegant business area with a structure that is distinguishable and unique. We are proud to announce that we have achieved this task, Oval Tower is a true marvel, externally as well as internally," said Mark Boothway, Senior Design Architect, Atkins.
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