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Urban Oasis
Overview
Establishing a residential tower at an estimated cost of SAR 967 million, overlooking Dubai Canal at Dubai downtown. The tower comprises 43 storeys including 467 residential units. The tower features one- two- and three-bedroom apartments, and four-bedroom penthouse. The project is a joint venture between Dar Alarkan Real Estate Development Co. and the Italian fashion house Missoni Home.
Project Information
- Real Estate > Landlords and developers > Other Properties
- The company announced that concrete works were completed up to level 28, while wet trades were extended to up to level 24, mechanical, electrical and plumbing package (MEP) extended up to level 12, and Façade closure will be complete in the first phase by the end of 2021.
- The company announced that it expects to complete the project before 2023-end.
- In its 2022 board report, the company revealed that 417 units out of 465 units within the project were sold or booked as of December 31, 2022, and it is expected to be completed by December 2023.
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In Q3 2023 investor presentation, the company revealed that the project’s construction works were 88% complete.
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In 2023 investor presentation, the company revealed that the project is expected to be completed in 2024.
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Related Parties
Project Developments
Tadawul-listed firms’ pipeline of projects, expansion plans for 2023Argaam Special03/01/2023
A review of Dar Al Arkan projects, investors, board ownership changesArgaam Special20/04/2022
Key projects, expansions planned by Tadawul-listed companies in H2 2023Argaam Special13/07/2023
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