Manhattan-style residential development at Dubai Marina

Dubai-based Select Group and United Kingdom's property developer Select Property yesterday jointly launched West Avenue.

The 32-storey Manhattan-style luxury residential complex will be built on one of the last remaining plots at Dubai Marina.

West Avenue, a residential development that will cost more than Dh678 million, is the seventh tower to be launched by the companies, which have six sold out off-plan developments at Dubai Marina already.

West Avenue houses 273 units of studios, one- and two-bedroom apartments, along with two-bedroom Marina and City Suites and luxury penthouses.

The price for a studio in West Avenue starts at a pre-launch rate of Dh1.77 million. The units are available with a 15-year non-status payment plan.

Meanwhile, prices in Dubai Marina have soared over the past few years with the average price per square foot rising from approximately Dh800 in 2005 to more than Dh2,000 in 2008.