SRG Holding, based in Dubai, has launched a new Dh700 million residential project in Business Bay known as Marquise Square, where 62 per cent of the building’s 384 apartments will be studios.
The company is building the tower between two existing blocks on Burj Khalifa Street and has created a distinct diamond-shaped tower design to offer buyers better views of Burj Khalifa on one of the building’s main elevations and the new Dubai Water Canal on the other. It has appointed Select Property as its exclusive sales agent for the building.
“We feel that this will be very attractive to both investors an lifestyle purchasers,” he said. Given that studios start in price at Dh895,000, he said they would be of particular appeal to investors because they will offer gross rental yields of around 9 per cent, as well as potentially strong capital gains.