By Staff writer
Developer announces more details about The Sterling; to feature more than 300 homes in twin-tower project
Dubai-based developer Omniyat has unveiled more details about The Sterling By Omniyat, a twin-tower project in the Burj Khalifa district of the emirate.
The East House of the project will feature 157 units, including 26 studios, 70 one-bedroom, 42 two-bedroom, 10 three-bedroom, two penthouses and seven townhouses.
The West House consists of 155 units that include 26 studios, 72 one-bedroom, 38 two-bedroom, 10 three-bedroom, two penthouses and seven townhouses, the company said in a statement.
The project also features two separate retail areas spread over 10,147 square foot.
The towers are designed to allow owners to indulge in an "ultimate urban lifestyle experience", according to Mark Phoenix, managing director of Omniyat group
Phoenix said: "It is a matter of pride for Omniyat group to unveil this exciting new project that boasts distinguished and distinctive aspects in terms of design and luxury, in Dubai's most sought-after Burj Khalifa District."
He added: "Enormous efforts have gone into conceptualizing and executing The Sterling by Omniyat. We are very pleased with the final product."
Earlier this week, the developer said it plans to build a AED900 million ($245 million), 25-storey twin tower project in Business Bay in the vicinity of Dubai Mall, which will have 274 apartments.
Omniyat will also develop a AED600 million ($163 million), 48-storey tower in Dubai Maritime City, which will have 225 apartments.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
A lovely looking development. Why do they NEVER announce how much the maintenance fees are for each property so that people know the annual running costs. Owners associations still have very little control over the ongoing high costs of maintenance for properties in the UAE.
in addition to the hidden fees including high maintenance with annual increase, also their hidden commission charges whether property they have sold are rented through them or not. once they rent it out you are stuck and have to call them everyday to get your rent which will be with them until they wish. Omniyat is one developer i would never associate or work with
buyers should be put off by projets where the maintenance fees are announced in advance - as these projects are clearly not basing their fees on the actual cost of undertaking maintenance. In a properly regulated market, no-one would expect anything in advance on the basis that they would have certainty that the fees were based on the costs rather than profiteering.
In relation to this developer, the question people should be asking is what about the numerous developmments previously launched that have disappeared.
What about Gemini project? What investors ill get?