SELECT GROUP Awards Main Contract for Jumeirah Living Marina Gate
UAE based Select Group has actually assigned ALEC, the multi award winning company for the major works of Jumeirah Living Marina Gate, its front runner waterside advancement in Dubai Marina. The present agreement valued at AED 600 million brings the total project value for The Houses at Marina Gate to AED 1.6 billion.
Released in Q1,2017, Jumeirah Living Marina Gate is the 3rd, and last tower within the luxury Marina Gateway advancement and will include 104 serviced apartments, 389 private homes and 15 rental properties. Select Group signed an agreement with Jumeirah Group in January 2016, to manage this growth under its Jumeirah Living brand.
" We continue to be unfaltering in our commitment to excellence. The visit of a world course contractor like ALEC is further testament to our continued method of functioning with tier one companions and suppliers. The long-term outlook genuine estate in UAE remains favorable and Jumeirah Living Marina Gateway is readied to raise the bar in luxury residential advancements. With the start of primary jobs we aim to supply this project on schedule and to the greatest requirements." claimed Rahail Aslam, CEO of Select Group.
Making it possible for jobs have actually been completed and the main contractor has fully mobilized onsite. With 1.3 million feet 2 built up area, the development is expected to be completed in the 4th quarter of 2019.
Commenting on the awarding of the contract, Kez Taylor, Chief Executive Officer of ALEC stated, "We are delighted to be involved in the construction of The Residences at Marina Gateway I, II and Jumeirah Living Marina Gate. It is a great advancement in a fantastic place and we are honored to be working along with Select Group making this project a success." Prices for Jumeirah Living Marina Entrance array from AED1.5 million to over AED16 million, with a payment plan of 70 percent upon completion.