Dubai Holding Taps Select Group And ESIC For Landmark Developments At Palm Jebel Ali And Dubai Design District

Dubai Holding, in collaboration with Select Group and Emirates Strategic Investments Company LLC (ESIC), has announced a strategic partnership to develop major projects at Palm Jebel Ali and Dubai Design District (d3). This agreement marks Dubai Holding's first land sale to a third-party developer at Palm Jebel Ali, highlighting its dedication to enhancing long-term value in its master developments.

Select Group is set to undertake two significant projects. At Palm Jebel Ali, they will introduce luxury residential and hospitality offerings that redefine waterfront living standards. Meanwhile, the d3 project will become a lively mixed-use community, integrating culture, innovation, and modern urban living in one of Dubai's creative hubs.

Khalid Al Malik, CEO of Dubai Holding Real Estate, expressed enthusiasm for the partnership. He stated, "Palm Jebel Ali is an iconic development poised to elevate Dubai’s global reputation as a premier waterfront destination. 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."

Rahail Aslam, Chairman of Select Group, shared his thoughts on the venture. He remarked, "Dubai continues to cement its position as a global destination for investment, innovation, and quality living. This acquisition represents an important step in our ongoing strategy to deliver exceptional developments in key growth corridors." The projects at Palm Jebel Ali and d3 align with their brand ethos of quality and sophistication.

The collaboration aims to create vibrant communities that enhance Dubai's status as a preferred global destination. The focus is on developing upscale environments that offer unique lifestyle experiences while contributing to the emirate's reputation as a lifestyle and investment hub.

This strategic move underscores both companies' commitment to fostering dynamic communities within Dubai. By leveraging their expertise, they aim to deliver projects that not only meet but exceed expectations in terms of luxury and innovation.

With inputs from WAM