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In a bold move set to reshape Dubai’s skyline and real estate landscape, Dubai Holding and Select Group have signed a landmark partnership to develop new iconic destinations at Palm Jebel Ali and Dubai Design District (d3). This strategic alliance signifies the first third-party land deal at Palm Jebel Ali by Dubai Holding, signaling the start of a major growth phase in the region.
Key Highlights of the Deal:
- First-of-its-kind strategic land sale by Dubai Holding at Palm Jebel Ali.
- Partnership includes Emirates Strategic Investments Company (ESIC) as Select Group’s joint venture partner.
- Two large-scale developments planned:
- Luxury waterfront residences and hospitality at Palm Jebel Ali.
- Mixed-use urban community at d3 blending culture, innovation, and modern living.
Leaders Speak
Khalid Al Malik, CEO of Dubai Holding Real Estate:
“Palm Jebel Ali is an iconic development poised to elevate Dubai’s global reputation… This partnership helps realize the leadership’s vision for a premier coastal destination, blending luxury with global investment appeal.”
Rahail Aslam, Chairman of Select Group:
“This acquisition aligns with our strategy to deliver exceptional developments in key growth corridors. Both Palm Jebel Ali and d3 reflect our ethos of quality, waterfront locations, and long-term value.”
What to Expect from the Projects:
- Palm Jebel Ali:
- A new luxury waterfront community.
- Focused on residential and hospitality experiences.
- Supports the vision outlined in Dubai 2040 Urban Master Plan and Dubai Economic Agenda D33.
- Designed with mixed-use, pedestrian-friendly neighborhoods overlooking the Arabian Gulf.
- Dubai Design District (d3):
- A global hub for creativity and design.
- Will feature a vibrant, innovation-driven urban ecosystem.
- Reinforces Dubai’s status as UNESCO Creative City of Design.
- Offers stunning views of the Burj Khalifa.
About the Partners:
- Dubai Holding: A diversified investment group with presence in 30+ countries, supporting the emirate’s long-term urban and economic goals.
- Select Group: Known for iconic developments like Six Senses Residences The Palm, Peninsula in Business Bay, and Six Senses Dubai Marina. The company is a leader in luxury, design-forward communities targeting global investors.
What’s Next?
- Design and planning already underway.
- Specifics and project timelines to be revealed in upcoming announcements.
This collaboration not only highlights Dubai’s commitment to innovation, luxury, and strategic urban growth but also promises to deliver world-class living experiences that reflect the city’s evolving identity as a premier global destination.
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