Dh700 million Marquise Square project in Business Bay

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.

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About 62 per cent of apartments at SRG Holding's Marquise Square project will be studios. Courtesy SRG Holding

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.

Adam Price, the managing director of Select Property Middle East, said the decision to include so many studio apartments in the tower had been taken “to address the chronic undersupply of studios in the Downtown Dubai and Business Bay area”.

“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.

SRG Holding is a family-owned company with businesses involved in property development and management, hospitality, wholesale trading and investments. More info

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