Omniyat, the Dubai-based luxury real estate developer, has announced the appointment of Brookfield Multiplex as the main contractor on its AED2 billion ($544 million) residential project on Dubai’s Palm Jumeirah.
The construction of the One at Palm Jumeirah project with a gross construction area of 107,795 sq m is expected to take two years, it said in a statement.
The project is located on the first plot on the trunk of Palm Jumeirah and will house 90 ultra-luxurious apartments with pricing starting at AED14 million and rising to AED200 million for the penthouse
“I am delighted to announce the appointment of Brookfield Multiplex as the main contractor on the One at Palm Jumeirah,” said Mark Phoenix, managing director of the Omniyat Group. “Our relationship with Brookfield Multiplex goes back a long time and both the management and team have always demonstrated the highest level of expertise and professionalism.”
John Ferguson, executive chairman of Brookfield Multiplex added: “We are delighted to be chosen to build this unique and outstanding project, and we look forward to building on our existing relationship with Omniyat.”
The apartments, designed by Tokyo-based interior designer Super Potato, will have access to three swimming pools, private yacht club, spas, gym, library, and private cinema.
“We’re seeing buyers from as far as New York to as near as the Palm,” said Phoenix.