Dubai Holding, Select Group to collaborate on two new developments

Dubai Holding and Select Group, a real estate development and investment firm, have partnered to develop two "large-scale" residential and hospitality establishments in Palm Jebel Ali and Dubai Design District (d3). 

At Palm Jebel Ali, Select Group will create upscale residential and hospitality offerings that establish "new benchmarks for luxury waterfront lifestyles in this world-class destination".

Meanwhile, the d3 project will serve as "a vibrant mixed-use community, seamlessly blending culture, innovation and contemporary urban living in one of Dubai's most creative hubs".

Design and planning phases for both projects are reportedly underway, with further details regarding project specifics and timelines to be announced soon.

The milestone agreement marks Dubai Holding’s first strategic land sale with a third-party developer at Palm Jebel Ali.

"By joining forces with Select Group, we are delivering on the leadership’s vision of creating a world-class coastal destination that sets new standards in luxury residential and hospitality experiences," highlighted Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate. "This partnership reaffirms our commitment to consolidating the emirate’s position as a globally renowned lifestyle and investment destination."

Rahail Aslam, Chairman of Select Group, added that the "acquisition represents an important step in our ongoing strategy to deliver exceptional developments in key growth corridors".

Palm Jebel Ali’s seven islands span 13.4 km and feature 16 fronds and over 90 km of beachfront, marking the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate in line with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33. The landmark development is designed with several mixed-use pedestrian-friendly neighbourhoods offering panoramic views of the Arabian Gulf.

d3 is a global creative ecosystem and the destination of choice for design talent from around the world. Offering stunning views of the Dubai skyline including the iconic Burj Khalifa, d3 reinforces Dubai’s status as the first city in the Middle East to be designated a UNESCO Creative City of Design.