{"id":1004079696,"date":"2013-07-05T06:35:54","date_gmt":"2013-07-05T14:35:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004079696"},"modified":"2022-12-08T23:16:15","modified_gmt":"2022-12-09T07:16:15","slug":"select-property-sells-majority-of-residences-at-west-avenue-in-dubai-marina","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/select-property-sells-majority-of-residences-at-west-avenue-in-dubai-marina\/","title":{"rendered":"Select Property Sells Majority of Residences at West Avenue in Dubai Marina"},"content":{"rendered":"<p><i>By Adriana Pop, Associate Editor<\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/West-Avenue-in-Dubai-Marina.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004079698\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/select-property-sells-majority-of-residences-at-west-avenue-in-dubai-marina\/west-avenue-in-dubai-marina\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/West-Avenue-in-Dubai-Marina.jpg\" data-orig-size=\"406,341\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"West Avenue in Dubai Marina\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/West-Avenue-in-Dubai-Marina.jpg?w=406\" class=\"alignleft size-medium wp-image-1004079698\" alt=\"West Avenue in Dubai Marina\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/West-Avenue-in-Dubai-Marina.jpg\" width=\"300\" height=\"251\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/West-Avenue-in-Dubai-Marina.jpg 406w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/West-Avenue-in-Dubai-Marina.jpg?resize=300,252 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Just five months after launching the project, Select Property has sold more than 90 percent of the units at West Avenue, the first new residential tower in Dubai Marina since 2008.<\/p>\n<p>Developed by Select Group, the approximately $109 million high-rise will feature 270 one- and two-bedroom apartments starting at $187,000, as well as four luxury penthouses valued at more than $1.8 million.<\/p>\n<p>Upon completion in 2014, the Manhattan-style luxury development will also offer a wide range of amenities, including an outdoor temperature-controlled swimming pool, fitness center, Jacuzzi, 24 hour security and 24 hour maintenance and supervision.<\/p>\n<p>Located at the center of Dubai Marina, the\u00a0West Avenue residences will provide easy access to the area\u2019s top destinations such as Dubai Marina Mall, Jumeirah Beach and Dubai Marina Yacht Club.<\/p>\n<p>The success of the project is an indicator of the resurgence of Dubai\u2019s property market following the financial downturn, the UK-based property investment company announced.<\/p>\n<p>Dubai\u2019s improving supporting infrastructure including shops, transport systems, and restaurants, along with the introduction of new buying and building regulations, which are meant to protect investors, landlords and tenants, have also helped stabilize the region\u2019s property market.<\/p>\n<p>\u201cBefore the crash in 2008 many investors were buying in Dubai simply on the strength of the \u2018Dubai brand\u2019. Now there is an established infrastructure and very obvious property hotspots such as the Marina. It\u2019s really encouraging that so many of the buyers are end-users who are intending on living at the development as this will boost the burgeoning communities,&#8221; said Mark Stott, Select Property\u2019s CEO said in a statement.\u00a0 The market is much more stable than it was five years ago as the new regulations mean that only \u2018real\u2019 buyers can invest in the Emirate and subsequently it is in a much more sustainable position.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just five months after launching the project, Select Property has sold more than 90 percent of the units at West Avenue, the first new residential tower in Dubai Marina since 2008.<\/p>\n","protected":false},"author":260,"featured_media":1004079698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21783,21742],"tags":[],"class_list":["post-1004079696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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