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News Ref: MDA6
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Date: 17/12/2007
Al Osaimi Group on track to launch AED 1 billion luxury resort at The Palm Jumeirah by 2008

Al Osaimi Group, a leading Kuwait-based developer, has announced that it has recently appointed several firms for the contracting and enabling works, project management, and project consultancy of its maiden offering in the UAE - the AED 1 billion Luxury Resort, Spa and Residence project located on the Crescent of The Palm Jumeirah. The developer has announced that it will officially launch the one million square foot project in the first quarter of 2008 following its initial agreement in June 2007 with Dusit International, one of the world’s most prestigious Thai hotel chains, for the management of the project, which is targeted for completion in 2010.

In a bid to ensure the highest quality for its flagship venture, Al Osaimi has partnered with renowned firms to render their expertise in the resorts and residences project, including APCC for contracting and enabling works, PROJACS for project management, and Khatib and Alami for project contracting consultancy services and landscape design. The developer has also announced that it is currently in the final stages of the escrow registration process, in compliance with the regulations outlined by the Dubai Land Department and in preparation for the launch date early next year.

“As the developer of a project that is set to attract more regional and international visitors to the UAE, our strategy is to establish ties with the most respected firms in the industry to ensure that our luxury resort will not only provide a stronger boost to the tourism sector but also reinforce Dubai as the world’s leading destination for travel and real property investments. We are confident that these partnerships will yield favourable results in terms of achieving our desired aesthetic appeal for the project, which is to exude the aura of luxurious lifestyle, total relaxation and the highest standards of comforts and convenience. We have dedicated all our efforts to ensure that we acquire only the best firms for our unique development, which we definitely believe will be one of The Palm’s most popular destinations,” said Abdul Rahman Al Osaimi, Chairman, Al Osaimi Group.

Spanning approximately 95,000 square meters on the crescent of The Palm Jumeirah, the project comprises a seven-star luxury hotel, a five-star family resort and an upscale residential complex with a combined total of 178 lavish freehold townhouses and penthouses, and a dozen chalets spread across the development. With a traditional Indian architecture and design, the hotel offers 116 guestrooms and suites, whilst the Moroccan-themed family resort has 292 rooms and suites. Both hotels will offer distinctive dining experiences, themed landscaping, ballroom and state-of-the-art facilities among other amenities. The luxurious development will also include Dusit’s renowned Deverana Spa, which will feature an authentic Thai-inspired rejuvenation experience exclusive to guests at the hotel, in addition to the internationally acclaimed service of Dusit International that incorporates the traditional Thai culture and hospitality.

“Our collaboration with renowned companies is a testament to our global approach to property development and our commitment to delivering world-class projects. The initial agreement we signed with Dusit International has paved the way for us to establish strong alliances with other reputable firms that share our vision of exceeding entrenched benchmarks of excellence. Following the recent completion of soil investigation and other initial preparations, we are fully on track for our launch during the first quarter of 2008,” concluded Abdul Rahman Al Osaimi.

With more than 25 years of experience in Kuwait and across the GCC, the Al Osaimi Group has established a significant reputation in the market, having delivered major projects distinguished for their excellent design and architecture. Since its inception, the Group has handled various projects in Kuwait and across the region including residential, commercial, retail and hospitality developments. The company’s extensive portfolio covers project development, real estate investment, construction, and engineering performed by the Group’s flagship company - Oriental Constructions (ORICON). The subsidiary firm, which has spearheaded over 15 projects, is handling the Group’s development on The Palm Jumeirah.
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