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.
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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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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Jumeirah, Downtown Dubai and Business Bay, Dubai Mall, Mall of the Emirates, Dubai Frame, Dubai International Airport (DXB)
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.
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.
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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Chief Real Estate Investment Expert at Metropolitan Premium Properties
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