Mashriq Elite Real Estate Development has marked the start of the construction of Floarea Oasis at Dubai Land Residential Complex (DLRC), by breaking ground for its fourth residential project in Dubai.
Floarea Oasis will add 257 designer apartments to the housing stock to cater to the surging demand, and complementing the reputation of Dubai as a prime real estate investment destination.
The developer said that Floarea Oasis will be another testament to its commitment to offering affordable luxury residential units that excel in quality and construction standards delivered on time.
“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% to 10% and asset yield of more than 12% in line with the overall exponential growth trend of Dubai’s real estate market.”
Kamran Muhammad, CEO, Mashriq Elite Developments
The planned handover of Floarea Oasis, being developed on a plot of 36,915 sq ft, will be in the first quarter of 2028.
Floarea Oasis will offer 129 studios in the range of 410 to 460 sq ft with a starting price of AED 630k and 102 one-beds of 760 to 860 sq ft with AED 980k and upwards. There will be 26 two-beds at a starting price of AED 1.63m.
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.
“Dubailand is one of the active and established residential communities in Dubai offering a modern lifestyle with all amenities including retail, leisure, healthcare and education facilities available within the master development, adding to the appeal of Floarea Oasis.”
Kamran Muhammad, CEO, Mashriq Elite Developments
The project is also closer to Academic City and Dubai Silicon Oasis within a seven-minute drive time, while it is just ten minutes away from Meydan districts and 20 minutes from Downtown Dubai and Business Bay.
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.
These include Floarea Vista in Discovery Gardens, Floarea Grande in Arjan and Floarea Skies in Jumeirah Village Circle (JVC).
