The AED 500 million West Avenue Project is generating yields of 5% – 7%
Dubai, 14 September 2014
West Avenue, a development by Select Group, was recently handed over to buyers on schedule, in July 2014. Launched in November, 2012, the project has taken under two years to complete with the majority of tenants already occupying the building
A modern day 35-storey tower, West Avenue’s sleek lines take architectural inspiration from Manhattan and occupies a west central position in Dubai Marina.
The consistent delivery of landmark residential projects throughout the UAE has made the Select Group one of the leading players in the industry. High quality construction and cutting-edge design are the hallmarks of Select Group.
Rahail Aslam, CEO, Select Group said, “This AED 500 million GDV project has been another textbook development for us. The key factor for the successful handover date is our partnership with CRC as the main contractor. In fact, West Avenue tower is one of the few Dubai developments to be completed on schedule. He further adds, “West Avenue is no exception when it comes to our development portfolio. At Select Group we have a clearly defined strategy for the UAE and we continue to implement it effectively; the on schedule delivery of the West Avenue project is a manifestation of that approach. Designing and building landmark projects of the highest quality has ensured that customers and investors identify with the Select Group brand as one of the most reliable in the real estate sector.”
Mamdouh Nada, General Manager CRC added, “Working with Select Group on West Avenue has been a hugely rewarding experience. A substantial amount of effort was expended by both teams to ensure that the development was delivered on schedule. Such commitment and drive not only upholds Select Group’s trust amongst investors, but also creates value for the Dubai real estate market as a whole.”
Select Group today prides itself on over a decade of expertise in developing premium properties in the UAE. Furthermore, the group has expanded the size and scope of its activities to include developing premium projects in the UK and Europe. Key ongoing projects in Dubai include: Intercontinental Dubai Marina, No.9 and The Residences at Marina Gate.
The Dubai property market needs developers to take a long-term perspective and deliver projects on schedule. Select Group plays an integral role in the UAE real estate market through successfully facilitating stable urban development and building sustainable relationships with the various stakeholders and the communities it develops.
Select Group has always partnered with the best names in the industry. The National Engineering Bureau and Draw Link Group are the architectural and interior design partners respectively for the West Avenue project. Their expertise has given this project a contemporary design edge.