Urban Oasis
by Missoni

End-users and investors can choose from an exclusive collection of studios, 1, 2 and 3-bedroom apartments as well as limited-edition penthouses. Each unit offers stunning panoramic views of the Dubai Canal and the famous Dubai skyline. The branded residences will be colourfully designed with elements of fashion and art similar to the sister-tower in Miami. The minimum living area of a one-bedroom apartment is 656 sq ft and will comprise a master bedroom, en-suite bathroom, laundry room, walk-in closet and an open-plan fully fitted kitchen with top of the range appliances.

Exquisite penthouses at Urban Oasis by Missoni feature private elevators with 360-degree views of the Dubai Canal. Bringing the vibes of Miami, each residence comes with spacious bedrooms, en-suite bathrooms, a closed kitchen and stylish living spaces.

The grand lobby of Urban Oasis by Missoni will be a glorious piece of art with the signature zig zag patterns, patchwork designs and geometric shapes of the Italian brand. Homeowners will be able to benefit from world-class amenities including a U-shape infinity pool on the podium level, a full range of retail and F&B spots as well as a state-of-art gym. As well as this, the premium residential development provides a 24/7 security service and allocated covered parking.

According to the Vision 2040, Business Bay, as well as the other four urban centers, will undergo a range of changes which will reduce the cost of infrastructure and stimulate the property development. The plan, which was devised by His Highness Sheikh Mohammed bin Rashid Al Maktoum and announced in March 2021, involves the rejuvenation of Business Bay in order to make it the centralized location of the city’s thriving financial hub alongside Downtown Dubai.

Furthermore, the surrounding land and properties in the vicinity of Dubai Water Canal will keep increasing in value. This is due to the well-developed infrastructure which enhances tourist and commercial activities on both banks of the canal. It is worth noting that the marine transport system of Dubai Water Canal connects the area to other marine projects and links in Dubai.

The average annual rental price for a one-bedroom apartment in Business Bay amounts to AED 60,000 (USD 17,000). Meanwhile, ROI on this type of residence has reached 5.6%. When calculating net profit of a one-bedroom apartment in Business Bay, one has to take into account management fees, of approximately AED 4,500 (USD 1,200) per annum and 5% VAT, around AED 3,000 (USD 820). Therefore, the estimated net profit in this case amounts to AED 56,000.