• HSBC

Gemini, Omniyat's Dhs500m project, breaks ground in Business Bay

  • United Arab Emirates: Sunday, October 19 - 2008 at 11:03
  • PRESS RELEASE

Omniyat Properties, the real estate development arm of Omniyat Holdings, has announced today it has broken ground on Gemini, an Dhs500m freehold office tower in Dubai's Business Bay.

Named to reflect its conjoined twin-tower design, Gemini comprises 20-storeys and 260,237 square feet of office space.

Mehdi Amjad, Executive Chairman, Omniyat Properties, explained:
"Gemini is Omniyat's fourth of nine projects currently underway. In designing Gemini, we set out to create a project which is state-of-the-art in both form and function. Its environment epitomises the highest standards of convenience and efficiency; the goal of which is to enhance workplace productivity."


Both the exterior and interior design will differentiate it from its neighbours. It has a unique structure, with the façade being largely constructed from solid black granite blocks with meandering aluminum and white glass. The building will stand alone at one of the main Business Bay entrances with two sides facing waterways.

The project's interior design mandate is to provide an exclusive working environment. Its offerings are all encompassing; its twin-towers are linked by a 15-storey central block which will house freehold offices, serviced offices, a tranquility zone, retail and medical facilities. Gemini will also be differentiated by a plethora of services incorporating Omniyat Properties' unique 'Corporate Performance Enhancement Centre' office concept. It will feature not only the latest business technology, but also state-of-the-art lifestyle elements.

Gemini is anticipated to be a Business Bay landmark and adds to Omniyat Properties' growing portfolio of unique, high-end commercial offerings.
Gemini, Omniyat's Dhs500m project. 
Gemini, Omniyat's Dhs500m project.
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Notes and Media Contacts »

ABOUT OMNIYAT:

Omniyat Properties, a member of Omniyat Holdings, is an innovative real estate development company, headquartered in Dubai, United Arab Emirates.

With a staggering multi-billion dollar turnover, Omniyat Properties is positioned as the most forward thinking and futuristic developer in the UAE and has established itself -in such a small timeframe- as the developer of choice in the region.

With an impressive portfolio of eight commercial and residential developments launched and sold since 2006, and a handful of iconic projects planned for 2008, Omniyat has projected a staggering Dhs21bn ($6bn) turn over by end of 2008, making Omniyat one of the fastest growing developers in the region.

These include several large-scale, first-class, iconic projects designed by world-leading Architects and supported by international, best-in-class Consultants who help develop outstanding masterpieces and pioneering architecture; and integrate state of the art technology to create the most advanced and sought after commercial and residential lifestyle experience.

The Omniyat team is dedicated to building value for investors and clients through creative solutions and highly skilled professionals with international and local backgrounds and connections.

The impressive growth of the group's companies is based on sound business planning, a hands-on management style and high profitability results. As the initial companies continue to grow, Omniyat aims to launch and operate companies which benefit from the strategic portions of the real estate value chain and has solid plans for major geographical expansion regionally and worldwide.

Today, Omniyat Holdings is the proud custodian of Omniyat Properties, Omniyat Investment Management, the fund and asset management company licensed by DFSA and operating at DIFC, and a 40% shareholder in Investate, a specialized Investment banking activity based in Bahrain with a focus on investing in the region's booming real estate sector and beyond.

For further information, please contact:

Tina Flores
PR Account Executive
MCS Action FZ LLC
P.O. Box 20970, Dubai Media City, UAE
T +971 4 3902973
F +971 4 3908161

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