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“The Onyx”: New freehold project in Dubai

UAE - April 19, 2015
The Onyx Dubai

Ishraqah Company succeeded in its bet to accelerate the construction work in the huge and big project known as “The Onyx”, which includes three mixed-use towers and its delivery date is expected to be by the end of this year.

The project is located near the “The Greens” and Emaar Business Park on Sheikh Zayed Road, in addition to the unique panoramic view to Dubai Media City where the company bet that the outstanding location of this project will undoubtedly attract investors especially that the project towers are available for investment under the freehold laws.

Ammar Sweis, CEO of Ishraqah Company, said that the company is working together with Al Shafar General Contracting, the main contractor for the project to ensure completion within the agreed time where passersby Sheikh Zayed Road can note the construction works, which goes in a high pace.

The project consists of three mixed-use towers stretched on an area of two million square feet with a total value of 1.3 billion dirhams. The project includes restaurants, shops, residential units and office spaces as well as hospitality services.

It is worth mentioning that Al Shafar Company nearly finished the tenth floor in both the first and second towers while construction works in the third tower reached the fifth floor, and the company is keen to complete the project with a high-quality to enter the emirate’s real estate market.

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