UAE-based real estate developer, Select Group, has acquired the stalled development in Dubai Marina, previously known as the Pentominium Tower. The high-rise residence is in Dubai Marina, near Palm Jumeirah, Emaar Beachfront, and JBR. Once completed, it will stand as the world's tallest residential high-rise tower. The company see this acquisition as a historic and important achievement.
A TOWER OF ARCHITECTURAL ASPIRATION
In 2007, the idea for the Pentominium Tower, a symbol of huge architectural ambition, was born. But, the 2008 global financial downturn paused its progress. Recently, through Dubai Courts and Emirates Auction, the project went up for auction. Select Group secured the development with a $100 million bid in a competitive process of 46 bids.
SELECT GROUP'S VISION FOR DUBAI MARINA
Rahail Aslam, the CEO and Founder of Select Group expresses excitement about this unique opportunity. Aslam says the project shows the company's dedication to "redefining the standards of luxury living". With reliable partners and a strong track record, Select Group aims to finish this impressive building. As Aslam put it, the company aims to "set a new benchmark for residential skyscrapers globally."
STRATEGIC PARTNERSHIPS FOR UNPRECEDENTED HEIGHTS
Select Group is teaming up with renowned partners for this ultra-luxury project. The partners include WSP, a leading engineering consultancy, Woods Bagot, an architectural powerhouse, and Mitchell & Eades, a respected interior design firm. Together, their expertise will take this project to a new level.
WSP'S PERSPECTIVE ON THE TOWER
Mark Farley, heading Property & Buildings at WSP Middle East, takes pride in leading the design of this tower. He serves as the Lead Consultant and Architect of Record. He expresses how the "super splendid tower" holds special importance as "one of the last remaining plots in Dubai's bustling Marina". Mr Farley also emphasises how will "aim to stand taller than many of the world's most notable residential developments", making it a standout development.
CLOSING THOUGHTS ON THE PROJECT
Select Group's acquisitions and partnerships are making a strong impact on Dubai's real estate scene. The Pentominium Tower's revival shows resilience and innovation in overcoming challenges. As Select Group and its partners strive to finish this huge project, Dubai Marina is getting ready for a new symbol of high-end architecture and luxurious living.