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Overseas Property News
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Select launch one of the best developments in The World
Country: Dubai, United Arab Emirates
15 July 2008
UAE-based Select Group has launched its 5.5bn dirham (£750m) private island development, Aquitainia, on The World archipelago off the coast of Dubai promoted by Nakheel.
Select Group recently acquired the scheme, which combines the islands of France and Spain, in a 50/50 joint venture with the UK-based property company, Select Property.
Select Group chief executive Rahail Aslam commented: “It is an honour to launch this development on The World. Aquitainia is a signature project on our 10 billion dirham portfolio of freehold properties in Dubai and is yet another significant move affirming our belief in guaranteed and sustained value escalation of waterfront properties benefiting investors.”
The project, which is due for completion in 2012, will feature a collection of 816 residential units, ranging from one-bedroom suites to water villas. Additionally, there will be a 75-room boutique hotel, as well as numerous marinas with berths for hundreds of boats.
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