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Oasis Group signs Purchase Agreement for Island D43 on Nakheel's The World

Travel News Asia Latest Travel News Podcasts Thursday, 13 November 2008

Oasis Group, a leading international real estate investment and development group of companies, has signed a Purchase Agreement with Nakheel for the purchase of Island D43, located close to the Eastern hub on Nakheel's The World project in Dubai.

Oasis 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. 

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.

Hamza Mustafa, Managing Director of The Word added, 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. The island 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 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 is currently implementing a comprehensive expansion program and is eyeing new projects in North Africa, East Europe and South East Asia.

See other recent news regarding: Travel News AsiaPromotions, New Hotels, Oasis, Nakheel, The World, Dubai

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