Select Group is a real estate development and investment company headquartered in Dubai, United Arab Emirates. Founded in 2002, Select Group focuses on premium real estate development, investments, hospitality, and retail. Select Group boasts of a portfolio of over 20 million square feet of developments across UAE and Europe. Their projects include high-end residential, commercial, and mixed-use developments, often located in waterfront communities.
Some of their flagship projects include Six Senses Residences Dubai Marina, Jumeirah Living Marina Gate, Studio One, and Residence 110 in Business Bay.
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Select Group has several off-plan projects in Dubai, focusing on luxury biophilic living, wellness communities, and branded residences. Here are some of their key developments:
The Edge by Select Group is a modern, high-rise residential development in Dubai’s vibrant Business Bay. It consists of two towers (one 41-storey and one 30-storey) built on a common four-storey podium, offering 1 and 2-bedroom apartments. The project offers an exceptional urban lifestyle with contemporary architecture and high-end finishes.
Select Group offers various attractive and flexible payment plans for their off-plan properties in Dubai, designed to make investing easier for buyers. These plans typically involve a down payment followed by several instalments phased out during the construction period, with a final payment upon completion.
Talk to an advisor from GRD Off Plan to explore your payment options for off-plan projects by Select Group.
One of the most significant Select Group’s projects is Marina Gate, a sub-community located at Dubai Marina. According to Dubai real estate market report for Q1 2020, Dubai Marina is considered to be the most popular location in Dubai amongst both buyers and investors. The total number of transactions made in Q1 2020 is 1019 worth a total of AED 2,280,000,000.
Marina Gate features two residential towers and one hotel apartment tower. The rental price for one-bedroom apartment in Marina Gate is AED 85,000 per year while the average sale price for 1BR apartment is AED 1.8M.
Two-bedroom apartment can be rented from AED 145,000 to AED 185,000 per year or can be bought for AED 2M. Renting a 3BR apartment costs AED 190,000 per year while selling price for it ranges between AED 3M to AED 4.2M.
One can buy 4BR unit for AED 6M to AED 12M. Properties in Marina Gate also include villas. Prices for 4BR villas are ranging between AED 10M to AED 12M.
The studio apartments show ROI of 5.8% and two-bedroom apartments in Dubai Marina show ROI of 5.6%. Three-bedroom units generate ROI of 5%, while four-bedrooms generate ROI of 4.4%.
The latest project of Select Group handed over in early 2020 is Studio One Tower in Dubai Marina, a freehold residential building. The building has 31 floors and two basement levels serving as a parking lot. Studio One features studios and 1-2-bedroom apartments for sale in Dubai Marina, retail space on the ground floor, sport facilities and quick access to Sheikh Zayed Road and Al Seba Street.
The price for a studio in Studio One Tower ranges from AED 485,000 to AED 768,000. One-bedroom apartment for sale cost around AED 850,000 to AED 1.25M. The price for two-bedroom apartments varies from AED 1,165 M to AED 1,774M.
Speaking about Select Group Studio One in Dubai Marina return on investment, studio apartments offer the highest index of 7.9%, whilst 1-bedroom and 2-bedroom units give return on investment (ROI) of 7.0% and 6.4% respectively.
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of Dubai Off Plan
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