Omniyat Properties, a leading property developer in the region, has handed over Bayswater, its 24-storey commercial tower in Business Bay, to the investors.

Bayswater is the first target of this year’s handover of Dh1.9 billion ($517.3 million) worth of projects with over 1,000 commercial, residential and retail units.

The scissor-shaped tower boasts of a prime waterfront location and has 293 office units and 11 retail units.

"This is a testament to our commitment to delivery. With Bayswater handed over, we look forward to the delivery of both The Square and our flagship, One Business Bay, in the next few months," said Mehdi Amjad, chairman and CEO of Omniyat Properties.

As owners collect their keys, tenants can begin to anticipate the technology offerings hardwired into Bayswater. One of the most important efforts has been to create an innovation process which turns technology into lifestyle.

This significant step follows Omniyat’s recent announcement of being Dubai’s first developer to begin leasing in the much-anticipated master plan.

Harnessing the power of technology to create harmonious work spaces was a primary consideration since the tower’s conception.

Omniyat has brought imagination to life through the lobby’s monumental interactive screen – an icon for the building which will set the tone of the Bayswater experience – entertaining as well as memorable.

The keys, which are actually RFID cards, are another example of the detailed focus on the project’s technology offerings.

Long range sensors will offer personal recognition and automated entry and exit, signalling the Omniyat system to start up climate and lighting controls. Biometric readers will provide secure office access – no hassle with the fumbling and security risks of keys being copied.

“Bayswater is a true manifestation of Omniyat’s vision to invest, develop and manage every project. With the support of Omniyat Asset Management’s three divisions - Strata Management, Facilities Management and Property Services, we will continue to create and capture value for our customers throughout the project’s lifecycle,” said Amjad.

The unique development becomes the first to benefit from the full scope of Omniyat Asset Management with its three divisions.

Omniyat Strata Management will control and manage the administrative and financial requirements of the building’s common facilities and assets.

Omniyat Facilities Management will employ a customized, state-of-the-art command and control centre which will integrate and maximize efficiency on all building operations and maintenance.

Omniyat Property Services will offer unrivaled customized leasing services and will become a conduit to all agents in the region, attracting quality tenants and providing them with fit-out offerings, rent-free incentives and an international standard of property management making it easier for owners to fill their spaces.-TradeArabia News Service