Omniyat Group, a leading real estate developer in the UAE, has awarded the enabling works contract to NSCC International for its Dh1-billion ($272 million) Langham Place Hotel and Residences in Downtown Dubai.

Mark Phoenix, managing director, Omniyat Group, said: “The commencement of construction and award of the enabling contract to Dubai-based NSCC is a significant milestone towards our commitment to completing our 2,000 keys of uber-luxury hotels and five-star serviced residences before Dubai hosts the Expo 2020. As a well-established curator of the world’s greatest designers and hospitality brands, it gives me great pleasure to see the Langham Place moving forward to take a special place within our $4 billion development portfolio.”

He added: “Mobilisation work will begin in one week and will be complete in the first quarter 2017.”

Omniyat Group is currently working on issuing the main construction works package tender and expects to award it by end of 2016.

To ensure investors get immediate return on their investment, the group has unveiled a guaranteed income programme that offers 20 per cent returns over the first two years of investment.

“The Langham Place Downtown Dubai meets two of the utmost requirements of high-net-worth individuals (HNWIs) property investors worldwide – owning an ultra-luxury branded development, and being in the heart of the tourist and business centre. We are releasing our residential units for sale in Dubai and Doha on May 30th and are confident of a strong pick up from local, regional and international investors who appreciate owning a piece of one of our trophy assets,” Phoenix emphasised.

Prime Location

Located in Dubai’s dynamic central business district, Business Bay, The Langham Place offers a panoramic view of Dubai Water Canal and offers easy access to Downtown Dubai, Mohammad Bin Rashid City, World Trade Centre and Dubai International Financial Centre.

The Langham Place hotel will cover an area of 9,028 sq m and have a built-up area of 65,025 sq m. The project will include 167 hotel keys whilst the Langham Place Residences will have 239 fully-serviced five-star residences, ranging from deluxe to one-, two- and three-bedroom suites, and duplex penthouses.

Residents will be offered an array of amenities including a swimming pool, state-of-the-art gymnasium, a spa, children’s facilities, food and beverage outlets, a business centre, housekeeping and room service and retail shops.

In August 2015, Omniyat Group and Hong Kong-based Langham Hospitality Group signed a deal to create the prestigious Langham Place Downtown Dubai.

The world-renowned Langham Place operates over 8,000 rooms in over 30 properties located in major cities over four continents. - TradeArabia News Service