NO.9. Dubai Marina provides secure investment opportunity
Dubai, Dubai based property developer, Select Group, announces their ninth residential Dubai Marina development set for completion in March, 2016.
As the largest private developer in Dubai Marina Select Group is no stranger to successful developments with projects in the UAE, UK and Europe since its establishment in 2002.
Select Group's CEO, Rahail Aslam said, "Our latest residential development project "No. 9" is a AED 500 million project and represents our ninth residential development in the Marina, an area which is undoubtedly one of Dubai's most popular residential districts and one which has experienced a strong capital appreciation in 2013."
"No. 9 is an exciting project for us. The development occupies one of the last remaining waterside plots in Dubai Marina neighboring Grosvenor House Hotel and undoubtedly providing a unique opportunity for investment."
Comprising of one, two and three bedroom apartments with four penthouse duplexes No.9 will keep good company in Select Group's burgeoning property portfolio, with completed projects including the world record holding Torch, Bay Central and Botanica being recognized as some of the top developments within the Marina area.
Select Group is also near completion of two other prestigious projects in the Marina. West Avenue, a striking 35-storey residential tower inspired by the artistic mastery and sophisticated architecture of the Manhattan is set for hand over in Q2 2014 and Select's flagship five star 320 room Intercontinental Dubai Marina will open its doors in Q4 2014 with Intercontinental Hotels Group scheduled to announce exciting Food and Beverage news in the coming months.
Select's portfolio includes development projects in the United Kingdom and mainland Europe and they are well on course to be, not only the largest private developer in Dubai Marina, but also one of the most trusted. Aslam continued "we are not stopping here; there are some very exciting developments in the pipeline for the upcoming year both here in Dubai and the UK"
Select Group's announcement is further evidence of the increasing strength and confidence surrounding the Dubai property market. With diligent research and feasibility studies as an integral part of the company's DNA, the No.9 development will further cement Select Group's reputation as a provider of quality developments at every level offering optimum value for customers, tenants and stakeholders.
Aslam further continued, "Dubai's property market has proven to be a resilient market that has had its share of ups and downs played out on a global property stage, which is now firmly showing positive growth coupled with lots of interest from investors from around the globe looking to put a stake in Dubai. As a research driven company we have seen the economic downturn as a unique opportunity; one for us to take stock and collect our thoughts through intensifying our market and feasibility studies, enabling us to understand elements such as: what the market lacked, price points and construction standards. We deliver on all of these elements and more with every development we undertake. As a result, consumer and investor confidence has gained increased momentum in the last year in part due to more trusted developers taking a hold of the market."
Delivering in-demand, high-end properties at competitive prices providing reliable returns have become synonymous with Select Group and with the hand over of West Avenue due next year, and further developments across Dubai in the pipeline, that image will only be further reinforced.
Aslam concluded, "Pre-sales for No 9 will commence in January 2014. The Dubai property market is a sound investment opportunity and at Select Group, we pride ourselves on building trust as an integral part of our developments in the key residential areas in Dubai."
-Ends-
Select Group projects in the UAE to date are Bay Central (Central and West Towers), Intercontinental Dubai Marina, Torch Tower, Botanica, Marina Tower, Pacific, Royal Oceanic, The Point, West Avenue and Yacht Bay.
Developments in Europe - Racetinovac Bay, Ciovo, Croatia.
Developments in UK - Nottingham One, a leading mixed-use waterside development in the centre of England
Select Group has grown sustainably and conscientiously over the years. Its foundations are in Dubai, United Arab Emirates, where it has delivered six towers in just five years, positioning it as one of Dubai's largest private property developers. Hospitality and real estate investments form the core of an extensive development business that already has delivered 6 million sq ft of development, and 3 million sq ft is currently under construction.
An ambitious growth strategy and purist ethic has enabled the group to build and maintain a leading position as a private developer of exclusive properties whose diligence and professionalism has sustained the business through the ups and downs of the global economic climate in which we operate.
Select Group has built long-term strategic relationships with a variety of international specialists, including InterContinental Hotels Group, Atkins, Arups and Aedas - who bring optimum added value to the design aesthetics, construction, project management, operations and estate management of the group's portfolio of distinct properties. This approach has served everyone well and remains fundamental today.
With leadership of the highest caliber and teams armed with extensive experience and the propensity to deliver, backed up by diligent research, Select Group has retained a growth continuum since its inception in 2002. This is consistently achieved by balancing the delivery of quality, in-demand products and services with high returns - the core growth driver of the business.
As part of its diversification strategy, the group actively pursues both regional and global opportunities for expansion within its core fields of expertise, and is currently transacting upon and evaluating a number of international projects. This strategy is well researched and prudently implemented to hedge against unforeseen downturns in the UK and Middle East, protecting existing assets and the generation of solid returns on investments.
For further information contact:
Claire Stapley
Claire@facetofaceuae.com
050 4577841
© Press Release 2013
