DUBAI: The recent strategic agreement between Dubai Holding, Select Group, and Emirates Strategic Investments Company LLC (ESIC) marks a significant milestone in Dubai’s real estate development landscape.
The partnership aims to develop landmark projects at two of Dubai’s most iconic locations: Palm Jebel Ali and Dubai Design District (d3). The collaboration reflects a shared commitment to enhancing Dubai’s stature as a premier global destination by introducing transformative developments that blend luxury, innovation, and community living.
Dubai Holding’s first strategic land sale with Select Group at Palm Jebel Ali underscores its dedication to unlocking long-term value across its world-class master developments. Palm Jebel Ali, renowned for its potential as a waterfront destination, is set to receive upscale residential and hospitality projects that will redefine luxury living.
These offerings are designed to set new benchmarks, aligning with Dubai’s broader vision of creating dynamic, internationally attractive communities that support its reputation as a global lifestyle and investment hub.
Setting new standards
Concurrently, the development in the Dubai Design District (d3) exemplifies an innovative approach to urban living. The d3 project is envisioned as a vibrant, mixed-use community that fosters cultural engagement, creativity, and modern lifestyle.
By integrating residential, commercial, and artistic spaces, the development will support Dubai’s ongoing efforts to position itself as one of the world’s foremost creative hubs. This initiative not only enhances urban living but also promotes innovation and cultural exchange, key elements in Dubai’s evolving identity.
The collaboration has been warmly endorsed by leadership from both Dubai Holding and Select Group, highlighting its strategic importance.
Khalid Al Malik, CEO of Dubai Holding Real Estate, said the project’s role in elevating Dubai’s global reputation as a premier waterfront destination.
His remarks reflect a confident vision of setting new standards in luxury and lifestyle through the partnership with Select Group.
Similarly, Rahail Aslam, Chairman of Select Group, underscored Dubai’s growing prominence as a nexus for investment, innovation, and quality living. The developments at Palm Jebel Ali and d3 align seamlessly with Select Group’s commitment to sophisticated, high-quality projects that generate long-term value.
