Deyaar unveils new Dh45om residential tower

Dubai: Deyaar on Sunday unveiled Oakwood Residency, a Dh450 million residential tower at the International Media Production Zone (IMPZ), said a company statement.

Strategically located in close proximity to major destinations in Dubai, the 18-storey undertaking is scheduled for delivery by the second quarter of 2010, with construction already underway.

Deyaar, which owns a number of plots in IMPZ, is slated to be one of the largest developers in this 43-million square foot master-planned, mixed-use community. Conveniently located off Emirates Road, residents of Oakwood Residency will enjoy additional easy access to the emirate's major gateways, Shaikh Zayed Road and Al Khail Road.

Saeed Al Qatami, Deyaar's Managing Director - UAE Business, said in a statement, "Oakwood Residency is another landmark project for this fast-growing company, which continues to demonstrate its commitment to customer service, timely delivery and product excellence. For both homeowners and investors, Oakwood Residency represents a unique opportunity to participate in the emirate's high-growth real estate sector."

The company's latest offering, Oakwood Residency, offers 344 one- and two-bedroom apartments, some of which offer maid's accommodation and a study room.