Apartments for Sale by Select Group Dubai: About Developer, Real Estate Projects

AED 5,8M

STARTING PRICE

Easy 40/60

PAYMENT PLAN

Q3 2028

HANDOVER

Select Group company is a diversified company based in Dubai, United Arab Emirates with proved competences in real estate development, investments, hospitality and retail.

Established in 2002, the Select Group developer has many residential, commercial and mixed-use developments across the United Arab Emirates, Saudi Arabia, Europe and the UK.

The most famous projects of Select Group are Marina Gate, Studio One and The Torch in Dubai Marina. The Group’s first project in Dubai was The Torch, which was the tallest residential tower in the world at the time of its completion in May 2011.

The founder and CEO of Select Group is Rahail Aslam. With the lead of Rahail the company has delivered 5.5M sq. ft of development in Dubai and has 7M sq. ft in progress to date.

After the successful launch of Marina Gate in 2014 Select Group has proved itself as one of the leading private real estate company in the United Arab Emirates.

Along with the real estate development, the hospitality industry remains a vital part of the Emirates’ growth. This industry is a key part of Select Group as well.

With the successful opening of InterContinental Dubai Marina hotel in Dubai, the acquisition of Radisson Blu Hotel in Birmingham in the UK and collaboration with Jumeirah Group International, Select Group once again has demonstrated their efficient project management.

Select Group is responsible for retail outlets in the most significant residential towers in Dubai such as Marina Gate and Studio One.

Marina Gate offers the best of Dubai Marina’s retail, service and dining including brands like Blends, First Person Ladies Salon, The Nail Spa, Exclusive Links, 5a Sec, Bristol, The Coffee Club, Gifto’s, The Acai Spot, Bin Sina Pharmacy and King’s College Hospital London Medical Centre.

One of the most significant Select Group’s projects is Marina Gate, a sub-community located at Dubai Marina. According to Dubai real estate market report for Q1 2020, Dubai Marina is considered to be the most popular location in Dubai amongst both buyers and investors. The total number of transactions made in Q1 2020 is 1019 worth a total of AED 2,280,000,000.

Marina Gate features two residential towers and one hotel apartment tower. The rental price for one-bedroom apartment in Marina Gate is AED 85,000 per year while the average sale price for 1BR apartment is AED 1.8M.

Two-bedroom apartment can be rented from AED 145,000 to AED 185,000 per year or can be bought for AED 2M. Renting a 3BR apartment costs AED 190,000 per year while selling price for it ranges between AED 3M to AED 4.2M.

One can buy 4BR unit for AED 6M to AED 12M. Properties in Marina Gate also include villas. Prices for 4BR villas are ranging between AED 10M to AED 12M.

The most profitable property type in Marina Gate by Select Group is 1BR apartments that demonstrates a return on investment of 6.7%.

The studio apartments show ROI of 5.8% and two-bedroom apartments in Dubai Marina show ROI of 5.6%. Three-bedroom units generate ROI of 5%, while four-bedrooms generate ROI of 4.4%.

The latest project of Select Group handed over in early 2020 is Studio One Tower in Dubai Marina, a freehold residential building. The building has 31 floors and two basement levels serving as a parking lot. Studio One features studios and 1-2-bedroom apartments for sale in Dubai Marina, retail space on the ground floor, sport facilities and quick access to Sheikh Zayed Road and Al Seba Street.

The price for a studio in Studio One Tower ranges from AED 485,000 to AED 768,000. One-bedroom apartment for sale cost around AED 850,000 to AED 1.25M. The price for two-bedroom apartments varies from AED 1,165 M to AED 1,774M.

Speaking about Select Group Studio One in Dubai Marina return on investment, studio apartments offer the highest index of 7.9%, whilst 1-bedroom and 2-bedroom units give return on investment (ROI) of 7.0% and 6.4% respectively.

Being qualified property experts with years of experience, we realize how confusing Dubai’s off-plan property market could be for new buyers, as well as for professional investors. Especially when there are thousands of off-plan properties in Dubai.

You won’t need to look through countless listings on other the UAE's property websites. We have gathered all available information about off-plan property in one place and created a short quiz for you to find your perfect home in less than two minutes.

Follow simple steps on the screen to get your personal selection of projects that meet all your requirements. Explore any project in Dubai relevant to you and contact us!

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