$184m Dubai Marina tower launched
Dubai, August 28, 2008
Dubai-based Select Group and the UK's property developer Select Property have jointly launched West Avenue on one of the last remaining plots on Dubai Marina.
The 32-storey $184.5 million luxury Manhattan style complex is the seventh tower to be launched by the companies – which have already sold out six off-plan developments on Dubai Marina.
Contemporary in style, West Avenue offers studios, one and two bedroom apartments, along with two bedroom Marina and City Suites and luxury penthouses.
All 273 units in the exclusive West Avenue development have been designed specifically for spacious, open plan living.
Rahail Aslam, CEO of Select Group, said: 'Dubai Marina is undeniably one of the most desirable locations for residential property in the Emirate. Located off the Sheikh Zayed Road and Jumeirah Beach, and in close proximity to the commercial areas of Dubai Media City and Internet City, Dubai Marina appeals to both the business and leisure resident.
'It is perfect for investors looking to benefit from the ongoing Dubai property boom.'
Acknowledged as the height of Dubai living, Dubai Marina is the largest man-made marina in the world.
Situated in the central part of the marina, prices for a studio in West Avenue start at a pre launch price of Dh1.77 million and are available with a 15-year non–status payment plan. Purchasers also benefit from the security of an Escrow account, protecting their funds during the build phase.
Prices in Dubai Marina have soared over the last few years with the average price per square foot rising from approximately Dh800 in 2005 to over Dh2,000 in 2008, making properties in the area a sound capital investment.
A key driver for the continued growth is Dubai Marina's excellent location.
West Avenue will offer facilities catering for all needs including a swimming pool, sauna and steam room, modern gym, shopping, dining facilities, and 24 hour security. - TradeArabia News Service