dubai, july 12 2008: select group, a leading private developer of luxury residential property in the uae, today announced the launch of its aed 5.5 billion private island development, aquitainia, on the world archipelago promoted by master developer, nakheel.
aquitainia, which combines the islands of france and spain, was recently acquired by select group in a 50/50 joint venture with the uk-based property company, select property. select group and select property have worked together on hugely successful projects since 2004.
unveiling the details of aquitainia, which will be spread over almost 1 million square foot across the two islands, mr. rahail aslam, ceo of select group said: “it is an honour to launch this development on the world. aquitainia is a signature project on our aed 10 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 roi.”
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, all offering incredible views. in addition, a 75-room boutique hotel, which will be operated by a five-star internationally renowned 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 aed 3.64million – available with a 15 year guaranteed payment plan, all with funds secure in escrow.
“aquitainia is one of only a few islands ideally located just a short distance away from all four of the transportation and commercial hubs. the closest hub is only a few minutes away, yet the island is secluded enough to maintain its tranquillity and provide privacy for its residents,” mr. aslam said.
he said the name aquitainia is derived from the province of galia aquitainia from the middle ages. the province, combining spain and france was surrounded by great beauty with white sandy beaches embracing the atlantic ocean on its western side and the pyrenees mountain range towards its south. the development of aquitania is situated in a similarly ideal location at the centre of the world, occupying the islands of france and spain.
the project, influenced by the elegance of france and the mediterranean passion of spain will be one of the most architecturally beautiful projects, combining the two islands together by a pedestrian walkway. both islands have ocean front views to west africa, the northern islands’ of south america and the eastern united states with france and spain at the centre of the world, ensuring residents’ easy access to the idyllic island shores.
the properties on france are situated within three different areas - monaco, cannes and st tropez while the areas within spain include marbella, barcelona and madrid.
“the development will offer a lifestyle that is unattainable anywhere else, offering investors the opportunity to obtain a sure capital investment in a growing market that continues to grow from strength to strength,” mr. aslam said, adding that it “will be the height of expressive and contemporary design, complete with modern architecture boasting rooftop plunge pools and private berths undoubtedly distinguishing itself from any other development in this most exclusive and famous address in the world.”
master developer nakheel constructed the world from 300 land masses to recreate the shape of a world map. located four kilometres off the coast of dubai, aquitainia will capture investors’ imagination with its innovative design and promise of high return on investment.
