Strategies to construct The Myriad Dubai, an urban styled student housing community in the heart of the Dubai International Academic City (DIAC) have been announced.
With construction expected to commence shortly, it is anticipated that the largest purpose-built, professionally managed student housing property in the UAE on a single plot will be completed by 2020.
The project will boast over 1,820 multi-sized, fully-furnished rooms, all of which will include en-suite bathrooms, WiFi and offer access to kitchens and common lounges on each floor.
A statement said it will also feature a designated study lounge area and sports facilities including a gym, swimming pools, squash court, basketball and outdoor jogging track.
Additionally, restaurants, cafes, gaming rooms, an outdoor amphitheatre and convenience shopping options along with dedicated parking will form integral parts of the development.
The contemporary urban styled residential community has also been designed to provide dedicated segregated spaces for young women and men, the statement mentioned.
Managing director of Dubai Knowledge Park and Dubai International Academic City, Mohammad Abdullah, stated, “Dubai has rapidly transformed as a leading higher education destination in the region, attracting thousands of transnational students yearly. Student accommodation is a critical factor for these students, given that it will be their home for the next three to four years.”
He also said, “The Myriad Dubai, located in Dubai International Academic City, is being uniquely designed to create a holistic environment complete with a range of facilities for the needs of our students, as well as our universities that require student accommodation.”
The Myriad Dubai project is sponsored by FIM Partners, a Dubai-based emerging and frontier markets investment management specialist.
Vice president of Real Estate at FIM Partners, Fares Bou Atme, mentioned, “We are believers in this very exciting project, given its strategic location in the heart of DIAC and the clear shortage of purpose-built student housing in a consistently expanding higher education market in Dubai.”
Strategic Housing Group (SHG), a specialist housing turnkey firm will take care of the project’s development and its wholly owned subsidiary, The Myriad, will manage it post-completion.
more recommended stories
Revenues for Dubai properties listed on Airbnb increased by 69 percent in 2018
Incomes for Dubai properties recorded on.
Ellington honour’s beating out of DT1 private pinnacle
Ellington, Dubai’s driving structure drove property.
UAE-based Petro-chem eyes Saudi chemical organization acquisitions
UAE-based Petrochem Middle East intends to.
TAG Heuer chooses Shadani Consulting as new PR office for the Middle East
Swiss watchmaker TAG Heuer delegated Shadani.