Dubai Holding, a global investment company with interests in over 30 countries, alongside Select Group, a multi-faceted real estate development and investment firm, has entered into a strategic agreement with its joint venture partner, Emirates Strategic Investments Company. This collaboration aims to develop remarkable projects in the Palm Jebel Ali and the Dubai Design District, both of which are among the most distinguished and attractive areas in Dubai.
This significant agreement marks the first strategic land sale that Dubai Holding has made with an independent real estate developer at Palm Jebel Ali, affirming its commitment to creating long-term value through its portfolio of world-class development projects. This move supports a unified vision between the two parties to foster vibrant communities, enhancing Dubai’s status as a global hub for living, working, and investing.
Select Group will be responsible for the development of two major projects that will transform the flourishing urban landscape of Dubai. In Palm Jebel Ali, the group will establish premium residential and hotel units, setting new standards for luxurious waterfront living in this top-tier destination. Conversely, within the Dubai Design District, it will create a dynamic mixed-use community that seamlessly integrates culture, innovation, and contemporary urban living at the heart of Dubai’s leading creative destinations.
A Global Coastal Destination
As Khaled Al Malek, CEO of Dubai Holding Real Estate, stated, “Palm Jebel Ali represents an exceptional development project that will enhance Dubai’s global reputation as a leading waterfront living destination. By collaborating with Select Group, we are contributing to the vision of our leadership to establish a world-class coastal destination that sets new benchmarks for residential and luxury hospitality experiences. This partnership reaffirms our commitment to establishing the emirate as a prestigious global locale for modern living and investment.”
Unique Locations
Rahiel Aslam, Chairman of Select Group, added, “Dubai continues to solidify its status as a global hub for investment, innovation, and quality of life. This deal is a significant milestone in our ongoing strategy to deliver exceptional projects in key growth corridors. We are excited about the prospects of what we will bring to market in both Palm Jebel Ali and the Dubai Design District, two unique locations that perfectly align with our brand values focused on prime waterfront sites, quality, sophistication, and long-term value creation.”
This strategic agreement signifies Select Group’s continued expansion into impactful and innovative designs that cater to a new generation of residents and global investors seeking immersive environments that transcend traditional luxury concepts. Each project is viewed not just as a physical destination but as a purposeful contribution to the evolution of Dubai’s urban identity.
With a proven track record of excellence, including projects like Six Senses Residences Palm Jumeirah and Peninsula Business Bay, as well as the recently launched Six Senses Residences Dubai Marina, Select Group continues to push the boundaries of quality, innovation, and design-led development. The group’s ongoing delivery of high-quality destinations has solidified its reputation as one of the leading and most trusted real estate developers in the UAE.