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Oqyana Real Estate and Dutch Docklands officials signing the
agreement.

Kuwait's Oqyana seals Dutch Docklands deal

KUWAIT, January 10, 2015

Kuwait-based Oqyana Real Estate has signed a deal with floating island expert ‘Dutch Docklands’ to create a series of private island villas within the ‘Oqyana World First development’ on ‘The World Islands’ project in Dubai.

One of the leading real estate developers, Oqyana said the deal will see ‘Dutch Docklands’ bring centuries of water management expertise to help shape personalised private islands and villas within the ‘Oqyana World First project.

Each private island will house just one villa to craft the pinnacle of exclusive island living, said Ali O Alghannam, the chief executive officer of Oqyana Real Estate after signing the deal with Paul van de Camp, the chief executive officer of Dutch Docklands, in the presence of Zeyad Abdullatif Janahi, the chairman of Oqyana Real Estate Company (Orec).

"This is a historic day for us all. We are very pleased with our collaboration with ‘Dutch Docklands’, and the ability to bring their specific expertise to ‘Oqyana World First’, the leading project in the World development," said Abdullatif Janahi.

"Our vision has always been to be leaders in the idea of the World, and it is now the right time to recommence activities and turn concepts into reality. Dubai has always been the right destination for such projects and we will work together to be an integral part of Dubai’s real estate sector," he added.

On the deal, Van de Camp, said: "Dubai is an amazing city and ‘The World project’ is a fabulous development. Having your own private island close by a world class city will be a unique opportunity for a very selective group of people that only want the best."

"This new development will diversify the already impressive Dubai real estate market to a new level of luxury. Our 'Amillarah Private Islands' are completely self-supporting, scarless and all contain the latest state-of-the-art technology. Each one will be a piece of art that you can live in," he stated.

‘Oqyana World First’ is the developer’s flagship project, composed of an archipelago of artificial islands together forming the continent of Australasia in ‘The World’ development off the coast of Dubai, said a statement from Orec.

The development comprises high-end villas opening up onto private beachfronts, contemporary seaside apartments and hospitality and retail elements, and has been described as the definitive destination for waterside luxury.

‘Oqyana’ is derived from the Arabic word “Oceanic” – a fitting name for a project, and eponymous developer, where water plays an integral role in creating memorable living spaces, it added.-TradeArabia News Service
 




Tags: Kuwait | real estate | Oqyana |

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