GGICO and Orion Holdings Launch Joint Venture Project in Dubai Silicon Oasis

The Italian designed, 2 tower Platinum Residences comprise of 200 apartment.

GGICO and Orion Holdings announced that it has launched Platinum Residences in Dubai Silicon Oasis. The joint venture’s exclusive sales and marketing will be handled by GGICO Properties and Silver Heights. Potential investors are invited to be a part of the strong rental returns market in the vibrant and growing community.

The project, comprising of 2 towers, features 200 apartments and is due for completion in April 2015. “With a starting price of AED 755,000, Platinum Residences is another groundbreaking project that builds on our commitment to become the most trusted and leading provider of innovative and high-quality real estate solutions in the UAE,” said Samir Munshi, Managing Director of Orion Holdings.

“We worked closely with A++ Lugano architects to ensure that the finishes and interiors are world-class. This includes Italian marble floors in the lobby of each tower while all the apartments are fitted with Bosch and LG white goods” continued Munshi.

Facilities in each tower include a state-of-the-art gym, 24 hour security and a luxurious swimming pool.

“Today’s strong performance in the real estate sector in Dubai nurtures our strategic development plans as well as enabling this effective partnership between GGICO and Orion Holdings to provide apartments that meet residents’ and investors’ expectations,” said Andrew Chambers, CEO of GGICO Properties.

“There has been a steady increase in interest in buying and renting property in Dubai Silicon Oasis since 2012 as it offers an opportunity of healthy returns on investments over the next five years, “he explained.

Dubai Silicon Oasis recorded a level of maturity in terms of both infrastructure and residential and commercial capacities according to the latest update from the consultancy CBRE’s Market Overview Report for Q3 in 2014.

“We attribute this positive growth to planned capital investments such as the Dh1.1 billion ‘Silicon Park’, slated to be a major development coming up in 2017, and the recently approved metro station,” he added. “As the first free zone in Dubai to deploy 24/7 free wireless internet throughout the 7.2 sq kms technology park, Dubai Silicon Oasis continues to attract people.”

For more information, visit the Platinum Residences website:

About GGICO – Gulf General Investment ( P.S.C)

Established in 1973, GGICO is a conglomerate with widely diversified activities in manufacturing, industrial, financing and brokerage, insurance, retail, services, trading, transport, hospitality, real estate development and investment in shares and securities.

With a vision to become one of the most valued companies in the UAE, GGICO places great emphasis on quality in every aspect of the group’s various businesses. This focus stems from the belief that success is a journey, not a destination. With prudent expansion strategy through acquisitions, greenfield developments in domestic and international markets, GGICO is continuing on its journey of success.

About GGICO Properties

GGICO Properties is a new breed of Dubai-based Service Company. Led by industry veterans with extensive local and international market experience, it is committed to delivering a higher standard of service and clarity to its clients. With a state-of-the-art showroom located on Sheikh Zayed Road, GGICO Properties is redefining the very meaning of exceptional customer-centric service in real estate.

GGICO Properties is part of the General Gulf Investment Company – a DFM-listed company established in 1973.

About Orion Holdings

The brainchild of a team of industry experts with over a decade each of experience in the local real estate sector and a solid international reputation for doing responsible business, the company is built on strong financial and operational fundamentals designed to transform potential opportunities into high-yielding investments for clients and investors. We align traditional business knowledge and modern analytics to deliver a new and intelligent approach to the region’s real estate landscape.

Our Vision – To become the most valuable residential and commercial property group of the Emirates.

About Silver Heights

Silver Heights, the sales and marketing arm under the umbrella of Orion Holdings is responsible for ensuring the seamless flow of all sales and purchase transactions across a vast portfolio in the realty sector. Our team of highly trained professionals provide our investors with full legal and marketing support to buy and sell their properties effectively. Professional ethics and moral values are given top priority while dealing with investors & clients.