The Myriad, a prominent developer and operator of student living communities, has joined forces with FIM Partners, a leading asset manager in frontier markets, to establish a new benchmark for secure, cost-effective, and lively community housing for university and higher education students. This initiative was launched in 2018, and despite the Covid-19 pandemic, the community welcomed its first residents in 2020. The Myriad Dubai has since evolved into a thriving community, accommodating a diverse mix of 128 nationalities from over 80 universities across the UAE. As the international education sector in Dubai expands, The Myriad stands out by providing more than just housing; it offers an enriching environment full of experiences and opportunities for students. With the MENA region becoming one of the fastest-growing areas for higher education, the demand for premium student accommodation has risen, and Dubai, as the region's educational and commercial hub, has seen its education sector approach full capacity. Vik Rao, CEO of The Myriad and Strategic Housing Group (SHG), highlighted that The Myriad Dubai was developed to not only meet but surpass expectations for high-quality yet affordable student living, anticipating the growing demand with a unique offering. Rao emphasized, 'At The Myriad, we’re fostering a vibrant community where students can thrive.' The Myriad Dubai, situated in the heart of Dubai International Academic City, provides over 2,250 beds, demonstrating SHG and FIM Partners' commitment to enhancing the standard of affordable student living. Fares Bou Atme, Director of Real Estate at FIM Partners, noted, 'The Myriad Dubai reflects our dedication to investments that yield significant returns and a positive impact on our community. We have shaped a community for students beyond brick and mortar, providing exposure to various cultural, sports, educational, and talent events and activities.' The Myriad Dubai focuses on creating a community, offering employment opportunities, high-quality amenities, and support for talents and skills, promoting engagement, personal growth, and networking. Rao concluded, 'As the leading Purpose-Built Student Accommodation (PBSA) in Dubai, we offer a vibrant, community-centric living experience, with special summer rates and exciting events that will make their time in Dubai unforgettable.' The Myriad Dubai sets the standard for student lifestyle communities by emphasizing the importance of providing more than just basic accommodations, highlighting the increasing demand for quality education and student housing within the region.
Text: Lara Palmer
20.06.2024
Collaboration Sets New Standards for Affordable and Vibrant Student Accommodation in the UAE