Dorchester Collection will manage UAE-based developer Omniyat's luxury One Palm development on The Palm Jumeirah, Dubai, making it the first residential development in the Middle East to be managed by the iconic hospitality brand.

The news follows last week’s announcement of the partnership between the two companies that will bring Dorchester Collection to the region for the first time.

One Palm made global headlines last year when its penthouse sold for a record-breaking Dh102 million ($27.7 million), making it the most expensive penthouse in Dubai.

The collaboration includes a stunning new development on the banks of Dubai Canal in the Marasi community, featuring an ultra-luxury hotel and serviced residences.

An exclusive gala event in Dubai next month will celebrate the partnership, unveiling the official project name with a preview look at the design, as well as further details on the management of One Palm.

The 910,000-sq-ft design-led project is rapidly shaping up to become a unique architectural statement unlike anything else in the region. The 90 apartments include three, four and five-bedroom residences, each offering incredible views of Dubai Marina’s skyline, Burj Al Arab and the Arabian Gulf.

Mahdi Amjad, CEO and executive chairman of Omniyat, said: “Omniyat’s partnership with Dorchester Collection is so much more than providing another luxury development in Dubai. It’s about offering an experience like no other.

“One Palm is the most exclusive address on The Palm Jumeirah and home to Dubai’s most expensive apartment. Buyers of One Palm command absolute first class service and that is exactly what Dorchester Collection’s management will provide.”

One Palm’s unique structure is designed by New York architects SOMA. Inside, each residence will be a statement of personal taste with owners able to choose their interior from two of the world’s most esteemed design companies — either Japanese firm Super Potato, known for its chic and modern fit-outs, or the opulent rich textures of London-based design studio Elicyon, famed for its involvement in the renowned One Hyde Park building.

One Palm will be equipped with an unrivalled range of amenities and facilities to cater to its residents. The One Palm Clubhouse will include an informal restaurant, indoor and outdoor swimming pools, outdoor cinema and BBQ area, cigar lounge and a spa.

Christopher Cowdray, chief executive officer, Dorchester Collection, said: “Not only will Dorchester Collection bring its distinct style of hospitality to the hotel and residence complex in Marasi, but also to One Palm — arguably Dubai’s most exclusive address. We are delighted to secure the management for this development and look forward to offering its residents the world-class service that Dorchester Collection is famous for.”

Dorchester Collection owns and operates world-renowned properties including The Dorchester, London; Hotel Plaza Athenee, Paris; The Beverly Hills Hotel, LA; Hotel Eden, Rome; Hotel Principe di Savoia, Milan; Le Meurice, Paris; Hotel Bel-Air, LA; 45 Park Lane, London; and Coworth Park, Ascot.

Omniyat has secured several high-end lifestyle partnerships in recent years, as it continues to be a market pioneer in bringing global hotel brands to the region, including The Langham and ME by Melia. The new partnership with Dorchester Collection reinforces Omniyat’s credentials as Dubai’s premium lifestyle and hospitality developer and highlights its close partnerships with the world’s leading architects, engineers, interior designers and award-winning artists.

Established in 2005, Omniyat has a strong track record for delivering high quality projects, with a development portfolio of over $6.2 billion.