Dubai Holding, Select Group, and ESIC have joined forces to deliver signature developments at Palm Jebel Ali and d3
Dubai Holding, a diversified global investment company with investments in more than 30 countries, and Select Group, a leading multi-discipline real estate development and investment group along with its long-standing JV partner Emirates Strategic Investments Company LLC (ESIC), have entered a strategic agreement to develop landmark projects at two of the most iconic locations in Dubai – Palm Jebel Ali and Dubai Design District (d3).
The milestone agreement marks Dubai Holding’s first strategic land sale with a third-party developer at Palm Jebel Ali, underscoring its commitment to unlocking long-term value across its world-class master developments. This landmark transaction reinforces a shared vision to create dynamic communities that strengthen Dubai’s position as a global destination of choice.
Select Group will develop and deliver two transformative large-scale developments. At Palm Jebel Ali, the Group will create upscale residential and hospitality offerings that establish new benchmarks for luxury waterfront lifestyles in this world-class destination. Meanwhile, the d3 project will serve as a vibrant mixed-use community, seamlessly blending culture, innovation and contemporary urban living in one of Dubai’s most creative hubs.
Commenting on the partnership, Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “Palm Jebel Ali is an iconic development poised to elevate Dubai’s global reputation as a premier waterfront destination. By joining forces with Select Group, we are delivering on the leadership’s vision of creating a world-class coastal destination that sets new standards in luxury residential and hospitality experiences. This partnership reaffirms our commitment to consolidating the emirate’s position as a globally renowned lifestyle and investment destination.”
Rahail Aslam, Chairman of Select Group, added: “Dubai continues to cement its position as a global destination for investment, innovation, and quality living. This acquisition represents an important step in our ongoing strategy to deliver exceptional developments in key growth corridors. We are incredibly excited about what we will be bringing to market in both Palm Jebel Ali and d3 – two unique locations that align perfectly with our brand ethos of waterfront location, quality, sophistication and long-term value creation.”
This strategic deal forms a continuation of Select Group’s deliberate expansion into high-impact, design-forward projects that meet the needs of a new generation of global residents and investors seeking immersive environments that go beyond the conventional definitions of luxury. Each development is envisioned not only as a physical destination, but as a meaningful contribution to the evolution of Dubai’s urban identity.
With a distinguished track record that includes Six Senses Residences The Palm, Dubai, Peninsula in Business Bay and the newly launched Six Senses Residences Dubai Marina, Select Group continues to push boundaries in quality, innovation, and design-led development. The Group’s consistent delivery of high-calibre destinations has solidified its position as one of the UAE’s most trusted and visionary private developers.
Palm Jebel Ali’s seven islands span 13.4 kilometres and feature 16 fronds and over 90 kilometres of beachfront, marking the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate in line with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33. The landmark development is designed with several mixed-use pedestrian-friendly neighbourhoods offering panoramic views of the Arabian Gulf.
d3 is a global creative ecosystem and the destination of choice for design talent from around the world. Offering stunning views of the Dubai skyline, including the iconic Burj Khalifa, d3 reinforces Dubai’s status as the first city in the Middle East to be designated a UNESCO Creative City of Design.
Design and planning phases for both projects are underway, with further details regarding project specifics and timelines to be announced soon.
