UAE-based luxury developer Omniyat has announced that its residences at Langham Place Downtown Dubai will be a fully-furnished property.
Part of the The Langham Downtown Dubai hotel, Langham Place Residences will offer the option of taking a serviced unit that comes with 24% guaranteed return on investment, or a non-serviced unit that comes with a six-year payment plan.
The Langham Downtown Dubai and Langham Place Residences will be located within the Marasi development on the banks of Dubai Canal.
The 167-room hotel will include 239 fully-serviced five-star residences, ranging from one, two, and three bedroom suites to duplex penthouses. It is expected to finish “late in the third quarter of 2020”, according to Omniyat.
The residences showroom apartment, which was launched this week, reveals a soft colour palette of cremes, browns, and blues, with predominant use of wood for the flooring, walls, and doors.
Mark Phoenix, managing director at Omniyat, said: “It’s been fantastic to work so closely with the Langham’s design team in perfecting the Langham Place Residences.
“These high-end homes will be completely unique in the region and offer buyers the chance to invest in a legendary brand, complete with the little touch points that make the narrative of The Langham so strong.”
The Langham brand is synonymous with a legendary 150-year old heritage, dating back to 1865 with the opening of The Langham in London, Europe’s original grand hotel. It has remained a favourite of royalty and A-list celebrities for over 100 years.
Omniyat currently has a development portfolio of more than $6.2bn.