A leading global property developer released a stunning residential project right in the heart of Dubai back in December 2017. Dar Al Arkan’s Urban Oasis by Missoni comes in the form of a collaboration between the leading KSA-based master developer and the world-renowned Italian design house, Missoni. It is the second distinct residential tower in the world with interiors by the famous luxury brand as the first one is located in Miami.
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.
As of June 2021, the residential development had reached the mark of 27% completion. For more detailed information on the property prices, please register your interest on our website. Our agents will contact you promptly and answer any queries concerning Urban Oasis by Missoni and other real estate projects.
The luxury residential tower of Urban Oasis by Missoni is located in the commercial district Business Bay, right alongside the sought-after Dubai Water Canal. The main Dubai highways, such as the Sheikh Zayed Road and Al Khail Road are both extremely close by, providing an easy commute to various key destinations within the emirate. These include Downtown Dubai, DIFC and Dubai International Airport, which are all accessible within 20 minutes.
There are also three water taxi stations in the vicinity of the upcoming residential development, which makes commuting to the rest of the city even easier. They include Al Wajeha Al Mayeha Station, Marasi Marine Transport Station and Dubai Design District Marine Station. Moreover, homeowners of Urban Oasis by Missoni will be able to benefit from two metro stations in the vicinity of their homes. These are Business Bay Metro Station and the Burj Khalifa/Dubai Mall Metro Station.
For medical treatment, there are several high-quality establishments located just 10 minutes away from Urban Oasis by Missoni. These health facilities include Emirates Hospital Clinics and Medcare Hospital Al Safa among many others.
Furthermore, the upcoming residential development will be surrounded by well-reputed schools following international curriculums. These institutions are ittihad Private School Jumeirah, Jumeirah English Speaking School and Safa British School, just to name a few.
Homeowners of Urban Oasis by Missoni will also be treated by a wide range of dining, leisure and entertainment options within close proximity to their homes. For instance, adults and children will find an array of various activities in the following destinations: DeepDark Dubai – Horror Escape Game, Dubai Bowling Center, Air Maniax – Trampoline Park Dubai and OliOli, the first experiential children’s play museum in Dubai. Additionally, there are plenty of iconic locations nearby including The Dubai Mall and the Burj Khalifa. One can get to all the above-mentioned attractions within a maximum of 15 minutes by car.
A Spinneys supermarket, the urban development of City Walk and the upmarket shopping center; Galleria Mall are all situated in the vicinity of Urban Oasis by Missoni. The latter two destinations offer a collection of gourmet restaurants and popular cafes as well as chic fashion and homeware stores.
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.
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