Select Group plans to invest AED 450mn ($122mn) to build a 31 storey tower in Dubai Marina consisting mainly of studio apartments.
Located close to the new Bluewaters Island, Studio One the groups 14th project in Dubai Marina is expected to complete in December 2018, the company said in a statement.
Prices of studios, one bedroom and two bedrooms apartments start from AED 574,000, AED 899,000 and AED 1,349,000 respectively with 70 percent payment upon handover. Apartments range from 360 sq ft to 1,100 sq ft.
Announcing the launch, Rahail Aslam, Group CEO of Select Group said: Studio One is a project that aspires to cater to the current pulse of Dubais real estate market, which comprises value driven young professionals and families.
The combination of a prime urban location, smartly designed layouts, attractive price point and a great payment plan promises to be a viable investment option for the new generation of home buyers in Dubai.
With our track record of delivery in Dubai Marina, our customers are assured that this development will be finished to an excellent standard.