Orion Holdings buys 118 units of Donna Towers

Orion Holdings, a privately-owned residential and commercial property group based in Dubai, on Tuesday announced its recent acquisition of property worth Dh150 million in Donna Towers, a commercial and residential development located at Dubai Silicon Oasis, from luxury Italian developer - Seasif Group - the real estate development arm of the multi-sector company Seasif Holding.

As partners in the project, Orion will manage the sales and marketing of 118 residential units at Donna Towers that were acquired during the first half of 2013.

Designed to capture the style and sophistication of modern Italian sky risers, Donna Towers is an all-encompassing 1,131,005 sq. ft. mixed-use development. The twin towers comprise 240 office units and 354 residential spaces constructed to ensure precision and attention to detail that is unique to the architecture of the south European nation. The expansive project is nearly 90 per cent complete, and scheduled for handover within the next ten months.

Complementing its classic design, the Donna Towers will feature Italian leisure and hospitality concepts. The towers will be fitted out with serviced apartment facilities and additionally offer 30 per cent more parking space beyond the minimum provision by unit space.

Samir Munshi, Managing Director at Orion Holdings, said: “Donna Towers is the epitome of Italian architectural design and adds flair to our property portfolio in Dubai Silicon Oasis, which continues to witness a surge in liquidity and demand both for commercial and residential spaces. We believe the project will be a stellar and qualitative investment that gains great returns. Our plan is to give visitors to Cityscape a chance to see and understand the incredible investment potential offered by this project.”

Maja Miladinovic, Chief Operations Officer at Seasif Group-UAE, said: “Donna Towers is one of our most exciting ventures in Dubai. Considerable effort has been invested to ensure the property stands apart in terms of construction quality and the opulent lifestyle experience it offers end-users. The project was conceptualised to bring the best of Italian design elements to Dubai and nothing has been compromised to realize this.
“The pace of development is on schedule and we are confident that we will meet the handover deadline. Our partnership with Orion has certainly boosted the development pipeline, thanks mainly to their access to a high-profile investor network and superior sales service.”

Follow Emirates 24|7 on Google News.