Select Group in Dubai

Select Group is a development company based in Dubai. It was founded in 2002 and provides services in such areas as estate development, investments, hospitality, and retail.

The company has developed real estate projects, including residential, commercial, and mixed-use buildings, not only in the United Arab Emirates but also in Saudi Arabia, Europe, and the UK.

The founder and CEO of Select Group is Rahail Aslam.

The company has already created over 5.5M sq. ft of development in Dubai and has 7M sq. ft in development. The most famous projects of the Select Group include:

• Jumeirah Living Marina Gate
• The Residences at Marina Gate
• Studio One

It seems like these projects are just the beginning since Select Group has in development such projects as:

• Six Senses Residences The Palm, Dubai (UAE)
• Peninsula (UAE)
• Nautica (2 identical towers in Dubai Maritime City)
• Pentominium Tower (after the tower is built, it is going to be the tallest residential high-rise tower in the world)

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.