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Oasis Group, a leading international real estate investment and development group of companies, has announced that it has today (Wednesday, November 12, 2008) signed a Purchase Agreement with Nakheel for the purchase of Island D43, located close to the Eastern hub on Nakheel’s The World project. The partnership with the internationally renowned master developer has been an integral part of Oasis Group’s market expansion strategy, reinforcing the company’s reputation as a top-tier real estate firm and a distinguished brand name in the global industry.
The company revealed that the development will be marketed internationally, primarily in Asia and Russia as well as the European Union, through Oasis Group’s 500 plus global agents. Oasis Group has indicated that Island D43 will include a world-class hotel and fully serviced residencies under an investment profit share scheme, alongside dining, shopping amenities, cultural centres of learning and schools set within a luxury beach and leisure living environment. Oasis Group will make further announcements shortly on the marina operation designed by the region’s leading marina hospitality management company.
"This partnership with Nakheel opens another exciting chapter in Oasis Group’s ongoing campaign to strengthen our foothold in key international markets. Oasis Group shares Nakheel’s vision of maintaining The World’s reputation as a luxurious destination for the world’s elite, and we intend to extend this vision by creating a cultural and intellectual bastion for D43 by providing the Island’s founding property owners a true sanctuary for brighter living and ultimately a more sophisticated investment opportunity," said the CEO of Oasis Group, Dr. Mostafa Elahy.
"Nakheel invites only a select number of clients to purchase properties on The World; having been short listed by Nakheel as a VIP Developer, Oasis Group is proud to be one of the very few handpicked buyers, which clearly reaffirms our company’s status as a highly respected and quality-oriented organisation in the business. Furthermore, Oasis Group’s development proposal was approved by Nakheel within just 14 days, which is a highly remarkable feat and speaks highly of our vision and development plans for Island D43," added Dr. Elahy.
Hamza Mustafa, Managing Director of The Word commented: “Oasis Group complements Nakheel’s vision for The World. We are pleased that such an exciting project is going to be part of The World portfolio. We invite only the very best investors to develop the islands within our project to ensure that The World will be the ultimate luxury tourism destination when complete. This marks another successful investment in our project.”
Island D43 is strategically situated off the virtual coast of "China" on The World. Island D43 has a total area of approximately eight hectares, including 3.6 hectares of water areas. Oasis Group intends to develop a total built-up area of up to 800,000 square feet, which includes a grand boutique hotel, up to 700 units of suites, two bedroom residencies, and 3 – 4 bedroom water villas.
The project will also showcase a wide selection of restaurants, bars, high-end retail outlets, room service options and boat mooring facilities. Other excellent value-added features of the project include water views of the inner lagoon harbour or stunning open sea vistas from all properties, stretches of pristine beaches on three sides, and easy access to the main transportation hub and public berths.
Founded in 2005, Oasis Group leverages the extensive industry expertise and experience of its founders, who have a combined experience of more than 25 years in the real estate markets of North America and the Arabian Gulf region under the leadership of its Chairman and CEO Dr. Mostafa Elahy. The company is currently implementing a comprehensive expansion program and is eyeing new projects in North Africa, East Europe and South East Asia.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
