Select Group, ESIC Acquire Palm Jumeirah Beachfront Plot albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
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.
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 remaining plots at our flagship master development, Palm Jumeirah. The island is known across the world for its diverse collection of iconic, luxurious resorts, residential developments, and attractions, and we look forward to Select Group adding its new offering to complement Palm Jumeirah’s already impressive number of world leading brands.”