Dubai-based luxury property developer Seven Tides, in partnership with appointed sales agent Asteco, is heading to the UK capital later this month to showcase its duo of luxury developments on Palm Jumeirah to London’s investment community at the Dubai Property Show, which will be held at the Olympia exhibition centre from 13-15 May 2016.
Now in its second year, the 2015 event registered sales in excess of AED 300 million, and attracted almost 6,000 international high-net worth investors.
Seven Tides, and Asteco, will be promoting the developer’s popular Anantara The Palm Dubai Residences Hotel Rooms project on Palm Jumeirah, with a limited number of exclusive units still available for sale, with sizes ranging from 530 up to 650 square feet, and a starting price of AED 1.3 million.
“As one of just 35 exhibitors at this highly targeted event, this is a unique opportunity for Seven Tides to meet HNW investors face-to-face to showcase our Anantara The Palm Dubai Residences and DUKES Dubai residential projects. The Palm Jumeirah continues to offer attractive returns as well as the ultimate upscale island lifestyle; and with hotel-managed rental options, it’s a fantastic addition to any investor portfolio,” said Abdulla bin Sulayem, CEO, Seven Tides.
According to bin Sulayem, demand for its Anantara The Palm Dubai Residences project, and the hotel rooms’ component in particular, has been high following the company’s recent participation at Cityscape Abu Dhabi.
“With the choice of either an upmarket second home or hotel rental managed apartment with 10% guaranteed ROI for three years, this has resonated with the international investment community and allowed us to connect with a wider investor base, which, when coupled with the extremely attractive ROI potential, has fast-tracked interest and sales,” remarked bin Sulayem.
Seven Tides and Asteco will also showcase the Anantara The Palm Dubai Residences’ North and South buildings, comprising of a selection of one-bedroom through to penthouse options.
A complete lifestyle experience is included with guests enjoying full access to the hotel’s exclusive facilities, which include a 4,000-square foot state-of-the-art gym, 107,600-square feet of temperature controlled lagoon swimming pools, six world-class dining and entertainment venues and the Anantara Spa as well as housekeeping, at-home dining, laundry and childcare services.
The second project to be profiled is the under-development British themed DUKES Dubai, which will be handed over in Q4 2016, and which is already 90% sold.
Ready for immediate rental from handover, investors are able to quickly realise ROI potential, which will be bolstered by the appeal of the hotel’s luxury positioning and exceptional facilities.
“DUKES ‘Best of British’ lifestyle has led demand and we are thrilled to be taking the project back home to its English roots at the Dubai Property Show. With just a handful of units remaining, and a starting price of just AED 1.8 million, we fully expect these hotel-managed studio and one-bed units to be snapped up,” said bin Sulayem.
Available on an investment-only basis, the DUKES Dubai collection of freehold, fully furnished studio and one-bedroom hotel apartments range in size from 376 to 882 square feet and are being marketed with the added bonus of a developer-backed ROI guarantee of 10% for five years.
As part of the hotel-managed rental scheme, purchasers are also exempt from service charges, maintenance fees and utility bills for the first five years.
Established in 2004, Seven Tides has developed its own portfolio of commercial, residential and resort properties in some of the world’s most desirable locations. Its award-winning flagship hotel, DUKES London, is situated in the fashionable Mayfair district and has been a hospitality icon in the capital for well over a century.
Seven Tides and Asteco are exhibiting at the Dubai Property Show on Stand No. D5.