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Dubai: UAE property developer Select Group on Saturday announced the launch of its Dh5.5 billion private island development, Aquitainia, on The World archipelago.
Aquitainia, which combines the islands of France and Spain, was recently acquired by Select Group in a joint venture with the UK-based property company, Select Property.
"Aquitainia is a signature project on our Dh10 billion portfolio of freehold properties in Dubai and is yet another significant move affirming our belief in guaranteed and sustained value escalation of waterfront properties benefiting investors from excellent return on investment," said Rahail Aslam, CEO of Select Group
Due for completion in 2012, the development is a collection of 816 units, ranging from one and two-bedroom suites, three-bedroom penthouses, land and water villas.
In addition, a 75-room boutique hotel, which will be operated by a five-star international hotel brand, will service the suites, penthouses and villas spread across the islands.
Aquitainia will also have numerous marinas with berths for hundreds of boats.
Starting prices on Aquitainia for one-bedroom suites are from around Dh3.64 million – available with a 15 year guaranteed payment plan, all with funds secure in Escrow.
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