Peninsula Two

Select Group is a Dubai developer best known for high rise waterfront towers in Dubai Marina, including Marina Gate and The Peninsula in Business Bay.

Its focus is narrower than most large developers: tall residential towers in central waterfront locations, at the upper mid to premium end, rather than suburban communities. That concentration is why the name is closely associated with the Marina skyline.

What do they build?

Apartment towers, generally with hotel style amenity, in dense central districts. Recent work includes branded residences developed with international hotel operators. The product is aimed at end users who want a central address and at investors buying for short and long term rental.

Where do they build?

• Dubai Marina, where Marina Gate and several earlier towers sit.
• Business Bay, with The Peninsula on the Dubai Water Canal.
• Palm Jumeirah, through branded residential.

What should you check before buying?

• The specific floor and aspect, which in a marina tower is most of the price difference and all of the view.
• Service charges, which on high amenity towers are among the highest in Dubai and directly cut your yield.
• Whether short lets are permitted in the building, if that is your plan, since building rules differ.
• How many similar units are listed in the same tower, because that is your real competition on resale.

Are they a safe developer to buy from?

They have a long record of completing large towers in central Dubai, which is the main thing to establish about any developer. The considerations here are the ordinary ones for premium central apartments: high service charges, a lot of comparable stock in the same building, and a resale market that moves with sentiment more than the suburbs do.