Orion Holdings-backed Silver Heights Concludes Sales and Marketing Deal with Deyaar

• Tower Inventory Includes 94 Units of Ready-to-Occupy Office and Retail Space

Dubai-UAE: 23 March, 2014 – Silver Heights Real Estate, the sales and marketing division of Orion Holdings, a privately-owned residential and commercial property group based in Dubai, has signed an agreement with Deyaar Development PJSC to gain exclusive sales and marketing rights for Oxford Tower in Business Bay.

Located at Dubai’s financial hub, Oxford Tower comprises 94 units, including 85 fitted-out office units in sizes ranging from 737 sq ft - 1,818 sq ft, and a remaining allotment of retail space spanning 10,500 sq ft. As an added attraction, the building’s well-appointed podium level also offers space for commercial utility. The tower is favourably located in close proximity to the metro rail network, and offers excellent vistas of the Burj Khalifa and the lake at Business Bay.

Samir Munshi, Managing Director at Orion Holdings, said: “The real estate market in Dubai has been witnessing a remarkable resurgence and upturn of both commercial and residential property. The new deal with Deyaar demonstrates our vision to expand and increase our property network in Dubai.

“Silver Heights possesses the best credentials to serve as the exclusive broker for a high-value development such as Oxford Tower. In line with our investor-friendly approach, the ready-to-occupy office spaces can be availed on payment plans that can extend until the third quarter of 2016. We believe this offer will bring the best returns on investment to the buyers.”

Mr. Saeed Al Qatami from Deyaar Development, said: “Since its launch, Oxford Tower at Business Bay has generated considerable interest from potential buyers and investors. Shortly after the project was ready for handover, we were approached by Silver Heights with a shared appreciation for its value. As sole investors, the ownership transaction was smoothly executed.”

Orion Holdings is predominantly involved in four major areas of the real estate business: buying and selling of residential, commercial and rental properties, acquisition of unfinished developments, and providing liquidity to developers in the event of fund deficits for existing projects.

Silver Heights Real Estate, the sales and marketing arm of Orion, is responsible for ensuring seamless transactions across a vast portfolio of developments including Business Bay, Jumeirah Village Circle, International City, Dubai Silicon Oasis, Jumeirah Golf Estates, and Emirates Hills.