West Avenue investors sight optimum yields

Dubai: Investors in the Dh500 million West Avenue, a Dubai Marina located 35-storey high-rise, have been seeing yields of 5-7 per cent, according to the developer Select Group. It was handed over in July after the start of construction in November 2012. “The key factor for the successful handover date is our partnership with CRC as the main contractor,” said Rahail Aslam, CEO, Select Group. “In fact, West Avenue tower is one of the few Dubai developments to be completed on schedule.”