Hazel Wong, the renowned architect of Emirates Towers, is working with Palma Holding to create an affordable housing community in Dubai Studio City.
The AED 365 million Olivara Residences & Park is the third collaboration between Palma and Wong and the housing developer's first urban community.
Made up of 250 studio, one- and two-bedroom units, the development also keeps the health and fitness of residents in mind, with a clubhouse, 100,000 sq. ft park, play areas, gym, walking lanes, and access to Palma community bicycles.
Marathon Man Marcus Smith will launch Innerfight fitness studio in the clubhouse, which will also include space for yoga and a paleo café.
Interior design features include large glass windows that bring park views into the living space and fully fitted Italian kitchen equipped with stainless steel appliances.
Phase one of Olivara Residences is ready for move-in and open for viewings. The second phase of the project is under construction and will be ready by summer 2020.
Kareem Derbas, founder and CEO of Palma Holding, says: "We saw a gap in the market for contemporary and trendy residences that cater to the young, working population who are looking for quality, urban living, with great facilities and competitive leasing options.”
“The project combines functional spaces with distinct finishes and details, combined with outstanding amenities, fitness facilities, and excellent leasing rates. Our aim is to consistently transform what it means to live and connect with the community,” he adds.