Dubai-based Mashriq Elite Real Estate Development said it has commenced the construction of Floarea Oasis at the Dubai Land Residential Complex (DLRC). This marks the fourth residential project by the company in Dubai, adding 257 designer apartments to the city’s housing stock.
The apartments will cater to the growing demand and further enhance Dubai’s reputation as a prime real estate investment destination, said a statement from the developer.
“Floarea Oasis is another milestone project for us and the development’s location within Dubailand adds immense value to it with the potential for rental yields in the range of 8-10 percent and asset yield of more than 12 percent in line with the overall exponential growth trend of Dubai’s real estate market,” said Kamran Muhammad, CEO of Mashriq Elite Developments.
The planned handover of Floarea Oasis, which will come up on a plot area of 36,915sqft, will be in the first quarter of 2028. Floarea Oasis will offer 129 studios in the range of 410 to 460sqft and 102 one bedroom of 760 to 860sqft. There will be 26 two bedrooms of 1,236sqft.
Flanked by Sheikh Mohammed Bin Zayed Road, Dubailand’s strategic location in the proximity of key destinations in Dubai along with the lifestyle the community offers is a significant value-add for Floarea Oasis, said the developer.
The development has a host of premium amenities including a Sky Pool, Kids Pool and Play Area, Splash Pad, Outdoor and Indoor Gyms, a Meditation Deck, Roof Garden, Barbeque Corner and EV Charging Stations. Other amenities include a Reading Corner, Board Games Corner and Outdoor Table Tennis, it added.
In line with the increasing demand for quality residential units, Mashriq Elite is planning to add over 1,200 units to the emirate’s residential stock in the next two years across projects in a host of key locations in Dubai.
Mashriq Elite Real Estate Development begins construction of Floarea Oasis Middle East Construction News.
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