Orion Holdings buys $15m Silicon Oasis property
Orion will own a total of 102 units in Axis Residence 6
Orion Holdings, a privately-owned residential and commercial property group based in Dubai, has bought property worth AED57.7m ($15.7m) in the Axis Residences community at Dubai Silicon Oasis from Gulf General Investment Company (GGICO) - a public company listed on the Dubai Financial Market.
Through the acquisition, Orion will own a total of 102 units in Axis Residence 6 - almost the entire built-up area of the building.
Located in the heart of the increasingly popular mixed-use community, Dubai Silicon Oasis, the Axis Residences offers one-bedroom apartments and a secure living environment to residents.
Orion MD Samir Munsh said: “Dubai Silicon Oasis has the potential to see high growth over the next quarter. In fact, with the increasing demand for rentals, the area is likely to be seen as a hotspot for investment.
"The Axis Residences offer many facilities that stand to enhance the standard of living while its stylish one-bedroom apartments in various sizes and layouts can be tailored to the homeowners’ needs.
“We have had a longstanding association with GGICO and have partnered with them on several successful projects. This partnership is only set to grow, with negotiations underway for new collaborations that will be announced in the near future.”