Dubai, February, 2015: Leading Dubai-based hotel developer, The First Group, is capitalising on the rising status of Dubai Marina, which was recently named the emirate’s most-popular precinct for apartment rentals by PropertyFinder.ae.
The British-owned property developer is currently constructing two new luxury hotel developments in Dubai Marina. The Wyndham Dubai Marina and The One Dubai Marina will both be managed by US-based hotel giant Wyndham Hotel Group, which is the world’s largest hotel operator.
“We always put a lot of careful thought into selecting the locations for our properties, but with Dubai Marina, it was an easy choice. PropertyFinder.ae’s findings only confirm our decision to invest in this exciting address was the right one,” said Rob Burns, Chief Operating Officer of The First Group. “Testament to its appeal is the fact that Dubai Marina has seen a large number of property sales over the last few months, and we are delighted to now have two prime real estate sites within this thriving area.”
With higher volumes of transactions and stable rents, property in Dubai Marina continues to outshine other locations in the emirate.
“Our first development in Dubai Marina, Wyndham Dubai Marina, is fast approaching completion. Due to the expected success of this property, we decided to launch another project, The One Dubai Marina, which is located opposite the Dubai Marina Yacht Club,” Burns explained. “We have no doubt Dubai Marina’s status as one of the city’s most exciting and popular real estate precincts will help drive the success of our two developments.”
About The First Group:
The First Group is a British-owned international hotel & property development company, whose principals have built up their expertise and success in the global market over the last 30 years. The First Group management team draws from strong and diverse backgrounds in the fields of global property, finance, acquisition, marketing and product development. Its expert eye for emerging property market potential and prestigious partnerships with industry leaders means that their clients can enjoy secure and attractive returns from one of the world’s most vibrant hotel markets. With its global headquarters in Dubai and offices spanning Moscow, Almaty, Kazan, Astana, Abuja, Lagos, Jeddah and most recently Baku and Khobar, The First Group’s expansive client base is already enjoying lucrative financial rewards. To find out more about The First Group’s developments and opportunities, visit www.thefirstgroup.com.
The First Group
+971 4 455 0100
22nd Floor, Tameem House
PO Box 24573,