Mada'in Properties has announced the venture of their first commercial project, 'The Domain', a 14 storey tower, at Dubai Silicon Oasis, worth Dh.400 million.

Spreading across a land area of 7.2million square meters, with a built-up area of 303,159 square feet, The Domain is an integral part of series of projects to be launched by the company during the course of the year.

The Prices of the tower begin with Dh.1650 per square foot. Conveniently located in the Dubai Silicon Oasis, The Domain is easily accessible from the Dubai International Airport, Sheikh Zayed Road, the City Center, Al Khail Road and Emirates Road.

The Domain, located within a rich corporate ambience, is best suited for multinational companies, and includes a series of impressive facilities with 647 parking spaces, state-of-the-art gymnasium, swimming pools, restaurants, retail outlets and cafes. The fifth floor of the tower will feature a garden spreading across 18,348 square feet. The offices within The Domain will be equipped with smart office software, for better convenience of its occupants.

The Chief Operating Officer of Mada'in Properties, Kieron O'Connor revealed the plans of the company to launch few more projects, with a total value of nearly Dh.3billion, in Gulf this year.

"With this architectural wonder, we offer multinational companies with an ideal platform for conducting their businesses. Just as all our other properties, The Domain, too, will include the same aesthetic elements and sophistication that Mada’in has been known for," said Abdul Aziz Al Awar, the CEO of Mada'in Properties.

The development is due for completion in 2010. Mada'in had recently announced a Dh.1.25bn development, Marina Arcade in Dubai Marina.

At present, out of about 65 projects being developed in Dubai Silicon Oasis, 40 percent are commercial.