Select Group, a leading private developer of luxury residential property in the UAE, announced on Saturday the launch of its AED5.5 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, Rahail Aslam, CEO of Select Group, said: “It is an honor to launch this development on The World. Aquitainia is a signature project on our AED10 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 AED3.64 million - 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 tranquility and provide privacy for its residents,” Aslam said. He said the name Aquitainia is derived from the province of Galia Aquitainia from the Middle Ages. __
