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Dubai Holding has officially announced a groundbreaking partnership with Select Group and Emirates Strategic Investments Company to develop landmark projects at Palm Jebel Ali. This strategic move marks an exciting new chapter for Dubai’s real estate landscape, as it's Dubai Holding’s first private developer partnership in Palm Jebel Ali.
Dubai Holding’s First Strategic Land Sale at Palm Jebel Ali
Dubai Holding’s first land transaction with a third-party developer at Palm Jebel Ali underscores the company’s commitment to generating long-term value across its world-class master-planned communities. In addition to Palm Jebel Ali, the strategic agreement also includes the development of new projects within the vibrant mixed-use community of Dubai Design District.
In collaboration with Select Group, renowned for its prestigious developments in Dubai Marina, and Emirates Strategic Investments Company, Dubai Holding aims to redefine luxury living and dynamic community spaces.
Dubai Holding emphasized that the collaboration underscores its commitment to enhancing long-term value across its high-caliber master developments. Khalid Al Malik, CEO of Dubai Holding Real Estate, echoed this sentiment, stating that the Palm Jebel Ali Select Group partnership aligns perfectly with Dubai's vision of establishing world-class coastal destinations.
Palm Dubai United Arab Emirates’ Expansion Plan
This Palm Dubai United Arab Emirates’ expansive project is set to revolutionize luxury living with its upscale residential and hospitality components. Spread across seven islands over 13.4 kilometers, featuring 16 distinctive fronds and 90 kilometers of pristine beachfront, the Palm Jebel Ali luxury waterfront development will offer unmatched panoramic views of the Arabian Gulf.
Select Group’s role includes developing high-end residential spaces and hospitality venues, setting new standards for luxury waterfront lifestyles. With pedestrian-friendly mixed-use neighborhoods, Palm Jebel Ali aims to become a premier global waterfront destination.
Dubai Design District (d3) Expansion
Complementing the Palm Jebel Ali project, Select Group will also enhance Dubai Design District (d3) by creating a vibrant, mixed-use community. Known for its creative and innovative spirit, d3 will further solidify its status as a dynamic neighborhood fostering creativity, culture, and community-driven spaces.
FAQs
Dubai Holding is partnering with Select Group and Emirates Strategic Investments Company.
This is Dubai Holding’s first private developer involvement at Palm Jebel Ali, which previously only involved Nakheel.
It will include upscale residential properties, hospitality venues, and pedestrian-friendly mixed-use communities offering panoramic views of the Arabian Gulf.
Palm Jebel Ali will span seven islands covering 13.4 kilometers, with 16 fronds and 90 kilometers of prime beachfront.
Select Group will develop a vibrant, mixed-use community aimed at fostering creativity and culture. This significant partnership undoubtedly positions Dubai for yet another leap in its growth as a global luxury real estate and lifestyle destination.
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