Urban Oasis by Missoni at Dar Al Arkan

Urban Oasis by Missoni is a residential complex located on the Dubai Canal in the business district of Dubai, Business Bay. Luxury apartments with 1-3 bedrooms and spacious penthouses with four bedrooms are available for purchase.

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$ 259 000
Starting price
Q4 2023
Handover
60% during
6 years after handover
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About the Project

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modern residential complex on the shore

Urban Oasis by Missoni

Urban Oasis by Missoni is a modern residential complex developed by Dar Al Arkan located on the Dubai Creek canal in one of Dubai's central districts, Business Bay. The architecture and design of the complex is handled by the Italian brand Missoni, which has established a reputation for itself in projects for hotels and restaurants.

The 38-story tower offers studios, 1-3 bedroom apartments, and 4-bedroom penthouses for purchase. The apartment layouts include a closed kitchen with furniture and built-in appliances, a living room with a spacious dining area, built-in wardrobes, and marble-finished bathrooms. The penthouses also feature a personal lift and a jacuzzi. The panoramic windows and spacious balconies allow a significant amount of natural light to enter and offer picturesque views of the Dubai Canal and Burj Khalifa. The interiors of the residences will be decorated in light basic tones with geometric ornaments and bright accents.

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Key Benefits

Residents of Urban Oasis by Missoni will have access to all necessary amenities. The complex has a shopping center and restaurants on the lower floors, a relaxation area with an open 800-meter infinity pool and landscaping, a gym, and a children's play area.

  • Covered Car Parking
  • Gymnasium
  • Fitness Center
  • Infinity Pool
  • Sports Courts
  • Children's Play Area
  • Spa Center
  • 24-hour Security
  • Dry Cleaning and Laundry
  • Cable TV
  • learn more

The cost of studios in the Urban Oasis by Missoni residential complex starts from AED 950 thousand (USD 259 thousand). The starting price for one-bedroom apartments is AED 1.3 million (USD 340 thousand), two-bedroom apartments - AED 2 million (USD 544 thousand), three-bedroom apartments - AED 4.5 million (USD 1.2 million).

The cost of penthouses starts from AED 25.8 million (USD 7 million).

Infrastructure

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Within a 10-minute walk of Urban Oasis by Missoni, there are restaurants, cafes, fitness centers, spas, beauty salons, pharmacies, and supermarkets. Bay Avenue Park is within walking distance, where you can find a shopping center, outdoor gyms, children's playgrounds, walking and jogging paths. One of the best skate parks in Dubai is nearby. On the opposite side of Sheikh Zayed Road is Safa Park - a true oasis with lakes, jogging and walking paths, and picnic areas.

Within walking distance is the nearest Mapple Bear Nursery Business Bay, where education is conducted in two languages according to the Canadian system. Jumeirah English Speaking School and Safa British School are located in the neighboring area of Al Safa, a 10-minute drive away by car. If necessary, medical care can be obtained at Emirates Hospital Clinics. The journey takes 5 minutes by car.

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Location

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5-15 minutes

Jumeirah, Downtown Dubai and Business Bay, Dubai Mall, Mall of the Emirates, Dubai Frame, Dubai International Airport (DXB)

20-30 minutes

Burj Al Arab, Palm Jumeirah, Dubai Marina with yacht berths, JBR, Bluewaters

The Urban Oasis by Missoni residential complex is located near Sheikh Zayed Road and the Dubai Metro Business Bay station, which allows for quick access to Dubai's main areas, shopping and entertainment centers, attractions, and airports.

For example, the drive to Palm Jumeirah will take about 20 minutes by car. It takes the same amount of time to get to Dubai Marina, where JBR beach is located. Business districts are closer - just a 10-minute drive away. There you can stroll through luxury boutiques in Dubai Mall or visit the best restaurants in the world.

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ROI 4% - 6%

Economic Attractiveness

Business Bay, where the Urban Oasis by Missoni complex is being built, is one of the popular areas for buyers and investors. Buying property is suitable for entrepreneurs, foreign specialists, and their families, as Business Bay is one of Dubai's business districts. In addition, buying in Urban Oasis by Missoni will interest investors who want to earn passive income from renting out property. The area is popular among tourists due to its proximity to Dubai's main attractions.

According to PropertyFinder, in the third quarter of 2023, the ROI for one-bedroom apartments in the Business Bay area is 5.8%. At the same time, the average annual rental cost is AED 95 thousand (USD 25.9 thousand). While the complex is under construction, the developer offers a favorable payment plan. The first installment is only 10% of the property's value. In addition, the developer covers 50% of the expenses when paying the DLD fee.

UAE residency visa

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After the construction is completed, a foreign owner can apply for a residency visa. When buying property worth AED 750 thousand (USD 204 thousand) or more, a two-year visa can be obtained. To obtain a "Golden Visa" valid for 10 years, the purchase price must be at least AED 2 million (USD 545 thousand).

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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