Pentominium Tower will occupy one of the last remaining plots in Dubai’s Marina area. ARCHIVE

Dubai-based real estate developer Select Group has acquired the Pentominium Tower, which will be the tallest residential tower in the world when it is completed. The tower received 46 bids in an auction, with Select Group winning the $100-million bid for the development. Select Group did not disclose how high Pentominium Tower will be built, but said it will occupy one of the last remaining plots in the Dubai Marina. Work on the Pentominium Tower stopped during the global financial crisis in 2008. Earlier this year, the development was auctioned through the Dubai Courts. Rahail Aslam, CEO and founder of Select Group, said the upcoming tower will set a new record. “We aim to ensure the completion of this prestigious architectural marvel that will set a new benchmark for residential skyscrapers globally,” Aslam said. In the UAE, the 1,394-feet high Marina 101 is considered the tallest tower after the Burj Khalifa. ICA/Expat Media
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