Dubai Holding, a diversified global investment company, and Select Group, a leading real estate developer, along with Emirates Strategic Investments Company LLC (ESIC), have entered a strategic agreement to develop large-scale projects at two of Dubai’s most iconic locations – Palm Jebel Ali and Dubai Design District (d3).
This marks Dubai Holding’s first third-party land sale at Palm Jebel Ali, reflecting its commitment to unlocking long-term value across its master-planned communities. The partnership aims to deliver dynamic residential and mixed-use developments that reinforce Dubai’s status as a global destination for luxury living and innovation.
Under the agreement, Select Group will lead the development of upscale residential and hospitality offerings at Palm Jebel Ali, setting new benchmarks for waterfront luxury. At d3, the Group will deliver a design-forward, mixed-use urban space that integrates culture, innovation, and contemporary living in one of Dubai’s most vibrant creative hubs.
Khalid Al Malik, CEO of Dubai Holding Real Estate, said:
“Palm Jebel Ali is an iconic development poised to elevate Dubai’s global reputation as a premier waterfront destination. This partnership with Select Group delivers on the leadership’s vision of creating world-class coastal living experiences and reaffirms Dubai Holding’s commitment to shaping globally admired lifestyle and investment destinations.”
Rahail Aslam, Chairman of Select Group, added:
“This acquisition supports our strategy of delivering high-quality developments in growth corridors. Both Palm Jebel Ali and d3 align perfectly with our ethos of waterfront living, long-term value creation, and design excellence.”
A Strategic Opportunity for Indian Investors
For Indian investors, this partnership presents a compelling opportunity. Dubai continues to be one of the top global destinations for Indian high-net-worth individuals (HNIs) seeking international real estate exposure. The Indian diaspora is the largest in the UAE, and Dubai’s investor-friendly policies—including long-term residency, zero capital gains tax, and ease of doing business—make it an attractive real estate market. With Palm Jebel Ali emerging as the next high-growth corridor and d3 gaining prominence as a creative and commercial hub, early investments in these landmark projects offer potential for long-term capital appreciation and rental yields. Select Group’s track record, including projects like Six Senses The Palm and Peninsula in Business Bay, adds credibility for discerning Indian buyers and investors.
This deal marks a continuation of Select Group’s expansion into impactful, design-led communities that appeal to the new generation of global investors and residents. The company’s reputation for quality and delivery positions it among the UAE’s most trusted developers.
Palm Jebel Ali spans 13.4 kilometres across seven islands with 90 kilometres of beachfront, in line with the Dubai 2040 Urban Master Plan and D33 Economic Agenda. Meanwhile, d3 offers scenic views of Burj Khalifa and stands as a creative ecosystem within Dubai’s globally recognised design district.
Design and planning phases are currently underway, with more project-specific details to be revealed soon.
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