Dubai developer Omniyat has teamed up with contractor Drake & Scull International for the project at the entrance to the Palm Jumeirah.
One at the Palm in Dubai - luxury project designed by Super Potato
The Japanese designer of the Zuma London celebrity hangout is turning his attention to Dubai’s Palm-Jumeirah.
The Japanese interiors firm Super Potato, famed for its chic modern Japanese fit-outs including the Grand Hyatt Singapore, the Ritz- Carlton Pudong and the Westin Guragon in New Delhi, will help design the One at Palm project.
The residential project is being developed by Omniyat and Drake & Scull.
It is understood that the new development will be built on undeveloped land on the left side of the trunk of the Palm.
Omniyat and DSI said that the development is likely to be the first in a number of collaborations by the pair.
One at Palm will be jointly developed by both companies and will be managed by Omniyat. The enabling works are due to commence within the next two months.
The tower will comprise apartments ranging in size from 2,500 to 20,000 square feet. Omniyat and Drake & Scull declined to reveal further details on the cost or size of the project. Super Potato will work alongside the New York-based architect Soma on the building design, while landscaping will be designed by the Lebanese firm Vladimir Djurovic Landscape Architecture.
Khaldoun Al Tabari, the vice chairman and chief executive of DSI, said that the project would “deliver a new milestone on Dubai’s urban architecture”.
The Omniyat and Drake & Scull International scheme is one of dozens due to be launched at the Cityscape show in Dubai from September 21 as property developers attempt to cash in on a rebound in house prices since the global financial crisis.
However, the agency warned that initial data for the third quarter of the year shows that apartment prices fell 0.6 per cent in the six weeks to August 15 as mortgage caps and higher transaction fees cool property speculation.
“We have noticed that the number of sales across the market have slowed down in Dubai in recent weeks,” said Matthew Green, the head of research at CBRE’s Dubai office. “So far we haven’t seen a slowdown in prices but in certain areas where there are high levels of supply coming on to the market we believe this is possible.”
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