Thursday, May 16, 2024
HomeReal Estate NewsSelect Group Starting Construction on New Developments in Dubai

Select Group Starting Construction on New Developments in Dubai

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Select Group signs construction contracts worth over 753 million EUR, for new real estate projects in Dubai equaling to approx.10 million square feet.

Following a record year in development launches and sales, Dubai-based developer Select Group has successfully awarded construction contracts for their new luxury real estate projects in Dubai.

Six Senses Residences

iBUILD Construction LLC has been awarded to deliver one of Select Group’s most prestigious developments, Six Senses Residences The Palm, Dubai. The project is located on one of the last available land plots at West Crescent of Palm Jumeriah.

Spread over 1.2 million square feet, the Six Senses Residences development comprises of 121 luxury penthouses, 32 sky villas, and 9 signature beachfront villas. It also includes the Six Senses Hotel and Six Senses Place which is a 60,000 square feet premium wellness and leisure facility.

With construction well underway, the project is on track for its scheduled completion in 2024.

Sameh Fam, Managing Director of iBUILD Construction stated:

We are excited to work on such an iconic project with a key developer Select Group.  We are committed to delivering operational excellence, playing the role in creating a more sustainable community that will have a myriad of positive impacts. It is a privilege to add this landmark development to our portfolio of hospitality projects and we are looking forward to strengthening our cooperation with Select Group.

Rahail Aslam, the CEO, and Founder of Select Group, commented:

Ultra-luxurious projects such as Six Senses Residences The Palm in Dubai bring great minds together. Having sourced the best-in-class partners, such as architects and interior designers, we are thrilled to be working with iBUILD Construction LLC . We look forward to surpassing buyers’ and investors’ expectations.

Peninsula Master Development in Business Bay

Al Basti & Muktha LLC (ABM), ECC Group and China State Construction Engineering Corporation have been assigned to complete Select Group’s waterfront project Peninsula Master Development in Business Bay, Dubai.

According to Select Group, four out of six towers are already completely sold out. With works well underway the completion of this project is scheduled for 2026.

Rahail Aslam added: 

After a successful year of sales for the Peninsula project, our key focus pivots to ensuring that we deliver on our promise both from a product perspective and timeline while adhering to our premium standards and applicable policies.

Read more: Dubai Expecting a 4% Increase of Millionaires in 2022

About Select Group

Based in Dubai, the United Arab Emirates, Select Group is an award-winning real estate development and investment firm operating across the Middle East and Europe.

Its development portfolio comprises over 20 million square feet of award-winning residential, commercial, hospitality, retail, and mixed-use developments. Its Gross Development Value (GDV) is over AED 20 billion.

More information about Select Group

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