The group’s research division constantly researches the market for identifying Acquisitions Targets. The group’s acquisitions targets fall in two categories:

a)         Under-Construction Developments
b)         Distressed Developments

The group’s Acquisitions Strategy relies on an in-depth evaluation of each target. For all Acquisitions, our Investment Strategy combines a good mix of Bargain Purchase and the Increase-Value Strategy to realize an optimum return on investment for all stakeholders.

In 2007, the group acquired two residential towers Yacht Bay and Royal Oceanic, both located in Dubai Marina and successfully completed and delivered Yacht Bay while Royal Oceanic is under completion. Key characteristics of both of these developments are presented on the following pages to illustrate the addition of these iconic towers to Select Developments’ portfolio.