Dar Al Arkan, a leading Saudi-based real estate company, said it has achieved a major construction milestone in Dubai with the topping out of its Urban Oasis residential tower at 34 storeys.

The AED800-million ($218 million) project is being developed in partnership with the luxury Italian fashion house, Missoni in the heart of the city on Dubai Water Canal.

The significant structural completion milestone was celebrated by Dar Al Arkan Chairman Yousef Al Shelash by visiting the site and personally taking part in the topping out ceremony.

Urban Oasis is Dar Al Arkan’s first project in the UAE, and the region’s first ever bespoke Missoni-inspired living space designed by the fashion brand’s MissoniHome line dedicated to interiors, decor, and furnishings.

Situated in the heart of the city directly on the Dubai Water Canal, it is in close proximity to Downtown Dubai’s top attractions such as Burj Khalifa and The Dubai Mall, and many other premium lifestyle locations.

The tower has been 80 per cent sold to a wide range of homeowners and investors from all over the world representing over 45 nationalities. It is due for completion by the end of next year.

It consists of high-end one-, two- and three-bedroom apartments and four-bedroom penthouses with luxury interiors from MissoniHome, stated the Saudi developer.

The unique penthouse apartments, which are accessible via a private elevator, are fully fitted with high-end Missoni fixtures and décor elements. The immaculately designed apartments come in varying sizes and offer unique levels of five-star living, striking water-front views and a closed kitchen.

The tower features a swimming pool, a children’s play area, car parking, an equipped gymnasium, and 24/7 conceirge and security service, it added.