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Select Group, a leading global property developer, along with its longstanding joint venture partner Emirates Strategic Investments Company (ESIC), has acquired a 17,919-sq-m land plot on the Palm Jumeirah’s West Crescent from master developer Nakheel.
Developer plans to build branded luxury homes and an ultra-luxury boutique hotel in space between The One and Only and W Hotel resorts
Select Group, ESIC acquire beachfront land at Palm Jumeirah Supplied photo The joint venture already owned an adjacent land plot of 47,474 sqm, bringing its total prime beach front development area spanning over 65,410 sqm. Select Group, the global property developer announced today, along with its longstanding joint venture partner Emirates Strategic Investments Company (ESIC), the acquisition of 17,919.24 sqm land plot on the Palm Jumeirah’s West Crescent. A Nakheel spokesperson said: “We are delighted that all parties’ collaboration has concluded with the sale of one of the last rem...
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