New Manhattan-style complex unveiled at Dubai Marina by Select Group
Friday, August 29, 2008
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The Dubai-based Select Group, together with the UK-based developer Select Property, has launched 'West Avenue ', a 32-storey luxury Manhattan-style complex at Dubai Marina.
West Avenue is a Dh.678mn worth joint residential development, which occupies the last of the remaining plots at Dubai Marina, and is the seventh tower to be launched by the companies. Six of the earlier towers of the company have already been sold off-plan on Dubai Marina.
West Avenue comprises contemporary-styled studios, single and double bedroom apartments, apart from two bedroom Marina and City Suites and luxury penthouses. All the 273 units of the development have been specifically designed for spacious, open plan living.
The other amenities in the development include swimming pool, sauna and steam room, state-of-the-art gymnasium, 24-hour concierge, and shopping an dining facilities.
Situated at the core of the marina, the prices for a studio in the West Avenue begin at a pre-launch price of Dh.1.77mn and are available with an offer for 15-year non-status payment plan. Buyers can also take advantage of the security of an Escrow account, which protects their funds during construction.
The CEO of Select Group, Rahail Eslam, speaking about Dubai Marina, said that it is undeniably one of the most sought-after locations for residential property in the emirate. Ideally located off the Shaikh Zayed Road and Jumeirah Beach, but, in close proximity to commercial areas such as the Internet City and Dubai Media City, the Dubai Marina appeals to both business and leisure residents, and would be perfect for investors seeking to take advantage of the ongoing property boom in Dubai.
Dubai Marina also owns the credit of being the largest man-made marina in the world. The prices in the Marina have surged during the last few years, with the average price per square foot increasing from Dh.800 in 2005 to Dh.2000 in 2008, thereby making the area ideal for capital investment. The location of the marina is believed to be the major cause for its continued growth.
Labels: Dubai Marina, Investment Property
