{"id":28369,"date":"2016-10-03T23:00:17","date_gmt":"2016-10-03T16:00:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=28369"},"modified":"2016-10-03T21:10:55","modified_gmt":"2016-10-03T14:10:55","slug":"select-group-sells-65-per-cent-of-new-marina-project-ahead-of-launch","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/select-group-sells-65-per-cent-of-new-marina-project-ahead-of-launch\/","title":{"rendered":"Select Group sells 65 per cent of new Marina project ahead of launch"},"content":{"rendered":"


\nThe Dubai developer Select Group has pre-sold about 65 per cent of its latest Dubai Marina project ahead of its launch.Select Group announced the launch of Studio One – a Dh450 million, 31-storey tower in Dubai Marina – on Monday, but Rahail Aslam, the company’s founder and chief executive, said that most of the building has been sold to existing investors within the past two days. “We’ve got a large database of customers who primarily buy Dubai Marina product. We’ve gone to the database and to our preferred agent network on Saturday, and we’ve done 65 per cent sales within 48 hours,” he said. “We’ve had an astounding response.”Almost 80 per cent (316 out of 400) of the units within the building are either studios or one-bedroom properties, with the studios starting at Dh574,000 for units of 360 square feet. One-bedroom units are selling from Dh899,000 and the remaining 84 two-bedroom properties start from Dh1,349,000. Amenities include a gym, steam room, sauna rooms, ground floor retail and parking. The building will be on a site on the western side of the Mar\u00adina, next to the Wyndham Dubai Marina and the New Rove Hotel. National Engineering Bureau has been appointed as the archi\u00adtect and enabling works are already under way. Mr Aslam said that he expects a tender for the main contract works to be issued by November, and for a contractor to be in place to build the tower by the end of the year. The completion date for Studio One is December 2018.Mr Aslam said that Select Group is also in talks to buy another couple of plots within \u00adDubai Marina.”Our focus has always been the Marina and we are still looking around in the same master development. We are also looking to explore other master developments where infrastructure is broadly complete,” he said.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Select Group sells 65 per cent of new Marina project ahead of launch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Dubai developer Select Group has pre-sold about 65 per cent of its latest Dubai...<\/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-28369","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\/p75ss1-7nz","jetpack-related-posts":[{"id":29261,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-apartments-are-becoming-affordable-but-smaller\/","url_meta":{"origin":28369,"position":0},"title":"Dubai apartments are becoming affordable but smaller","date":"October 9, 2016","format":false,"excerpt":"\r The average ticket price for properties in Dubai may be coming down, but so is the space on offer inside many of them. Executives at Dubai South feted the launch of phase one of The Pulse on October 1, whose cheapest units were advertised at Dh280,000 - considerably lower\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-developers-squeeze-prices-and-apartment-sizes-to-stoke-investor-demand\/","url_meta":{"origin":28369,"position":1},"title":"Dubai's developers squeeze prices and apartment sizes to stoke investor demand","date":"October 9, 2016","format":false,"excerpt":"\r The average ticket price for properties in Dubai may be coming down, but so is the space on offer inside many of them. Executives at Dubai South feted the launch of phase one of The Pulse on October 1, whose cheapest units were advertised at Dh280,000 - considerably lower\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50225,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/marina-gate-apartments-in-dubai-dazzle-once-the-dust-clears\/","url_meta":{"origin":28369,"position":2},"title":"Marina Gate apartments in Dubai dazzle once the dust clears","date":"March 30, 2017","format":false,"excerpt":"\r Stepping out of the noise and dust of the massive construction site forming Marina Gate in Dubai Marina and into a completed and furnished one-bedroom apartment is a disconcerting experience.Just a few minutes earlier, clad in regulation hard hats and high-vis jackets, we were slowly climbing in a cage-like\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-launches-dh700-million-marquise-square-project-in-business-bay\/","url_meta":{"origin":28369,"position":3},"title":"Dubai developer launches Dh700 million Marquise Square project in Business Bay","date":"September 28, 2016","format":false,"excerpt":"\r SRG 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17230,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-prime-villas-on-dubais-palm-jumeirah-fall-44-per-cent\/","url_meta":{"origin":28369,"position":4},"title":"Sales of prime villas on Dubai's Palm Jumeirah fall 44 per cent","date":"June 21, 2016","format":false,"excerpt":"\r The number of the most expensive villas sold on Dubai's prestigious Palm Jumeirah fell by nearly half in the first six months of 2016 compared with a year earlier as sellers shied away from marketing property in a falling market.According to property broker Core, an associate of Savills, transaction\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11876,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danube-launches-sixth-affordable-housing-project-in-dubai\/","url_meta":{"origin":28369,"position":5},"title":"Danube launches sixth affordable housing project in Dubai","date":"May 3, 2016","format":false,"excerpt":"\r Danube Properties has announced its sixth affordable housing project in Dubai \u2014 the Dh300 million Glamz Danube tower containing 418 units.The development, which is split between two blocks on top of a podium containing ground floor retail units and parking, will be built on a plot next to its\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\/28369"}],"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=28369"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28369\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=28369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=28369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=28369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}