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NEW PRESTIGIOUS PROPERTY AVAILABLE IN DUBAI

Friday, 29 Aug 2008

Pining for prestigious property in Dubai? Then this is the good news you've been waiting for. The Dubai based Select Group and the UK based property developer "Select Property" have jointly launched a thirty-two story luxury Manhattan style complex named West Avenue, on one of the last remaining plots available for development on the Dubai Marina. West Avenue, an over AED 678 million joint residential development, is the seventh tower to be launched by these two companies. Six of which have already sold out completely off plan on the prestigious Dubai Marina.

West Avenue offers luxury accommodation in Dubai that is contemporary in style as it gives the property connoisseur a choice of luxury penthouses, two-bedroom City Suites and two-bedroom Marina Suites. There are 273 units to choose from in the exclusive West Avenue development, which have been purposefully designed for modern spacious and open plan living.

The CEO of Select Group, for property in Dubai, Mr Rahail Aslam, 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."

Dubai Marina is the largest man-made marina in the world. Situated in the central section of the marina, West Avenue offers Dubai property with prices from AED 1.77 million for a studio at their pre-launch, available with a 15-year non-status payment plan. Dubai property investors and purchasers also benefit from the security of an Escrow account, which protects their funds during the building phase.

Property prices in Dubai have soared in the recent past, escalating up to AED 800 per square foot in 2005 up to AED 2000 in 2008, revealing that purchasing property in Dubai is a sound capital investment due to Dubai's excellent growth and the Marina's fabulous location.