{"id":27638,"date":"2016-09-28T23:26:19","date_gmt":"2016-09-28T16:26:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=27638"},"modified":"2016-09-28T21:29:41","modified_gmt":"2016-09-28T14:29:41","slug":"dubai-developer-launches-dh700-million-marquise-square-project-in-business-bay","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-launches-dh700-million-marquise-square-project-in-business-bay\/","title":{"rendered":"Dubai developer launches Dh700 million Marquise Square project in Business Bay"},"content":{"rendered":"


\nSRG Holding, based in Dubai, has launched a new Dh700 million residential project in Business Bay known as Marquise Square, where 62 per cent of the building’s 384 apartments will be studios.The company is building the tower between two existing blocks on Burj Khalifa Street and has created a distinct diamond-shaped tower design to offer buyers better views of Burj Khalifa on one of the building’s main elevations and the new Dubai Water Canal on the other. It has appointed Select Properties as its exclusive sales agent for the building. Adam Price, the managing director of Select Properties Middle East, said the decision to include so many studio apartments in the tower had been taken “to address the chronic undersupply of studios in the Downtown Dubai and Business Bay area”. “We feel that this will be very attractive to both investors an lifestyle purchasers,” he said. Given that studios start in price at Dh895,000, he said they would be of particular appeal to investors because they will offer gross rental yields of around 9 per cent, as well as potentially strong capital gains.SRG Holding is a family-owned company with businesses involved in property development and management, hospitality, wholesale trading and investments.The company’s chief executive, Fahad Abdulsalam AlRafi, said that it has more than four decades of experience in property and is focused on “core Dubai” areas close to Sheikh Zayed Road. Its most recent development is the Burj Al Salam project fronting Sheikh Zayed Road featuring three towers sharing a common podium that includes a Sheraton Grand hotel. It has also built the Al Salam Tower housing du’s headquarters in Dubai internet City and the Mar\u00adina Heights building in Dubai Marina.Mr AlRafi said that the Marquise Square name came from the distinctive design of the building, which has been created by Lebanese architecture firm Erga Progress.”We designed the building in a diamond shape to maximise the views we get from either side, which is a direct Burj Khalifa view or a Dubai Canal view. At the same time, we made a feature of the external skin of the building in a diamond shape with a glass elevation [each] in different colours.”Shoring and piling work started on site two months ago and is set to complete on October 15. Following that, Dubai Contracting Company will begin main contracting works with a view to completing the building by November 2018.”We have a long-term partnership that extends more than 22 years with Dubai Contracting Company. They are pioneers in this industry and the work, in a way, just like SRG does. It’s a family-owned company and [we have] a very close relationship.”Mr Price said that a soft launch had already been undertaken by Select Group to its existing clients. The UK-based firm, which has been selling properties in Dubai since 2004, has offered units in the building to clients through offices in Dubai, London, Manchester, Singapore and Shanghai and has already sold 67 of the properties for about Dh90m. In total, the building will contain 237 studio apartments starting in price from Dh895,000, 59 one-bed apartments from Dh1.31m, 70 two-beds from Dh2.2m and 18 three-bed properties from just over Dh3.1m. It will also have 12,000 square feet of ground floor retail, a large pool on its podium level and a gym, saunas, steam rooms, a children’s play area and a prayer room.mfahy@thenational.ae
\n
\nSource : thenational.ae
\nRead more…Dubai developer launches Dh700 million Marquise Square project in Business Bay<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SRG Holding, based in Dubai, has launched a new Dh700 million residential project in Business...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-27638","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7bM","jetpack-related-posts":[{"id":10330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-creek-viewing-tower-to-be-taller-than-burj-khalifa\/","url_meta":{"origin":27638,"position":0},"title":"Dubai Creek viewing tower to be taller than Burj Khalifa","date":"April 10, 2016","format":false,"excerpt":"\r \r DUBAI \/\/ Emaar Properties, the developer of the Burj Khalifa, says it plans to build an even taller tower in Dubai. Emaar Properties Chairman Mohamed Alabbar said Sunday the new observation tower would be \"a notch\" taller than the Burj Khalifa, the world's tallest buiding.He would not say\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15722,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-tower-at-dubai-creek-to-be-100m-higher-than-burj-khalifa\/","url_meta":{"origin":27638,"position":1},"title":"The Tower at Dubai Creek to be 100m higher than Burj Khalifa","date":"June 7, 2016","format":false,"excerpt":"\r The new tower being built at Dubai Creek Harbour by Emaar Properties will be 100 metres taller than the Burj Khalifa, according to Emaar Properties' chairman Mohamed Alabbar.According to CNN, Mr Alabbar has said that work will start on the project to build the tower next month. Designed by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-tower-at-dubai-creek-harbour-a-close-look-at-skyscraper-set-to-top-burj-khalifa-video\/","url_meta":{"origin":27638,"position":2},"title":"The Tower at Dubai Creek Harbour: A close look at skyscraper set to top Burj Khalifa – video","date":"April 17, 2016","format":false,"excerpt":"\r \r Emaar Properties will attempt to deliver the new Dubai Creek tower and a linked \"mega-retail district\" in time for Expo 2020.The architect behind the new US$1 billion tower says it will represent a nation like The Eiffel Tower, while Emaar chairman Mohamed Alabbar said it would probably \"be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-build-tower-higher-than-burj-khalifa-and-new-mega-retail-district-for-expo-2020\/","url_meta":{"origin":27638,"position":3},"title":"Emaar to build tower higher than Burj Khalifa and new 'mega-retail district' for Expo 2020","date":"April 10, 2016","format":false,"excerpt":"\r \r The architect behind a new US$1 billion Dubai tower that will stand higher than Burj Khalifa says it will represent a nation like The Eiffel Tower.The Paris landmark was built for the 1889 Paris Expo.Now Dubai's Emaar Properties is aiming to emulate that architectural impact as preparations get\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-emaar-launches-il-primo-opera-district-apartments-at-harrods\/","url_meta":{"origin":27638,"position":4},"title":"Dubai's Emaar launches Il Primo Opera District apartments at Harrods","date":"July 5, 2016","format":false,"excerpt":"\r Emaar Properties has begun selling new \"lateral\" apartments taking up either half or a whole floor of a new 77-storey tower at the Opera District in Downtown Dubai.The Il Primo apartments have gone on sale at a marketing suite within the famous Harrods Department store in London, with the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-project-to-build-tower-100-metres-taller-than-burj-khalifa-now-under-way\/","url_meta":{"origin":27638,"position":5},"title":"Dubai project to build tower 100 metres taller than Burj Khalifa now under way","date":"June 15, 2016","format":false,"excerpt":"\r The project to build the new super-tall tower set to be 100 metres higher than Burj Khalifa is now under way, with Aurecon appointed as engineer and archi\u00adtect of record on the project.Aurecon will support the tower's creator, Santiago Calatravra, who is leading the design and engineering works. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27638"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=27638"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=27638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=27638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=27638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}