The Six Senses Residences Dubai Marina project, set to open in 2028, is a residential development aiming to become the world’s tallest residential tower. IHG, the company behind the project, confirmed that it is a redevelopment of the abandoned Pentominium Tower. Originally announced in 2007, construction on the tower was put on hold in 2008, making this a 21-year-long project in the making. The project will consist of 251 residences, including various bedroom options and penthouses. IHG and developers Select Group also have a similar project underway on Palm Jumeirah.
The upcoming Six Senses Dubai Marina project is owned by the local real estate firm Select Group, which acquired the Pentominium Tower in 2023 after it was auctioned. Construction on the Pentominium Tower was halted in 2011 due to financial difficulties faced by the developers at the time. The building was expected to be completed in 2013, with 22 floors completed by May 2011. Select Group has now taken over the project and plans to revamp it as the Six Senses Residences Dubai Marina.
Dubai Tourism has announced a new plan to convert tourists into residents in an effort to bolster the city’s population. A key indicator of success in this plan involves convincing tourists to consider Dubai as a permanent place of residence. The city has seen an increasing number of wealthy individuals, including centi-millionaires and billionaires, choosing to make Dubai their home. The city is expected to see a significant increase in its centi-millionaire population in the coming years, marking rapid growth in this segment.
A significant portion of Dubai’s most expensive real estate listings are hotel-branded projects, indicating a trend towards luxury living in the city. The Six Senses Residences Dubai Marina project is a part of this trend, with a focus on offering high-end residential options with wellness-focused amenities. The city is positioning itself as an attractive destination for wealthy individuals seeking a luxurious lifestyle and is actively encouraging tourists to consider making Dubai their permanent home.
With a focus on attracting residents from around the world, Dubai is looking to increase its population through various initiatives and marketing strategies. The city’s tourism CEO has emphasized the importance of making Dubai an attractive place to live and work, with the goal of convincing tourists to stay in the city permanently. The influx of wealthy individuals, such as centi-millionaires and billionaires, choosing Dubai as their home, further solidifies the city’s reputation as a luxury destination. Projects like the Six Senses Residences Dubai Marina are part of this larger trend towards high-end residential developments in Dubai.
Overall, the Six Senses Residences Dubai Marina project represents a significant investment in luxury residential real estate in Dubai. As the city seeks to attract more residents and establish itself as a prime destination for wealthy individuals, projects like this play a crucial role in shaping the city’s landscape. With a focus on offering wellness-focused amenities and high-end living options, the development is set to appeal to Dubai’s affluent population and contribute to the city’s reputation as a global luxury destination.
