Group chief executive officer of Select Group, Rahail Aslam, and his team are responsible for projects such as Dubai’s Marina Gate I and No.9 Dubai Marina.
The former, a 51-floor development with 399 residential units, was completed in Q1 2018, while the latter, a 34-floor waterfront tower with 220 apartments, is currently undergoing finishing works.
Select Group focuses on four main verticals – development, investment, hospitality, and retail, and the multi-disciplinary real estate company reported revenue of $400m (AED1.47bn) in the 2017 fiscal year. This figure is expected to reach $500m (AED1.84bn) this year.
“Select Group continues to move ahead at full steam,” says Aslam. “Development remains the core of the business, and the group has recently acquired prime waterfront land bank for a unique community development in the heart of Business Bay. This 315,000m² acquisition has secured Select Group’s development pipeline for the next seven years.”
The masterplan for the new mixed-use mega-development, in a waterfront location in Business Bay, incorporates both high- and low-rise residential, office, retail, leisure, and hospitality uses. Extensive concept and design works are ongoing, and the launch of the project is anticipated by the end of 2018.
Select Group’s 14th residential development in Dubai Marina, Studio One, is currently under way, with the 31-floor, 400 unit residential development scheduled for Q2 2019. The third and final tower in the group’s Jumeirah Living Marina Gate project is also scheduled to be completed in 2019, featuring 104 serviced apartments, 389 private residences, and 15 villas.
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