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Anantara Residences

Seven Tides to showcase at Cityscape Global

DUBAI, August 23, 2015

Dubai-based developer Seven Tides will showcase some of its top properties at the upcoming Cityscape Global, a leading real estate event in Dubai, UAE.

The event takes place from September 8 to 10 at the Dubai International Convention and Exhibition Centre (DICEC).

“We have seen tremendous uptake for our inventory of studio and one-bedroom units, with 80 per cent sold in the four months since the launch, which validates our decision to appoint Asteco, with its unrivalled network of contacts and decades of market expertise, as sole agent,” said Abdulla bin Sulayem, CEO, Seven Tides.

Targeted at the regional and international investment community, Seven Tides is guaranteeing a return on investment (ROI) of 10 per cent net per annum for the first five years, with remaining unit prices ranging from Dh1.8 million to Dh2.7 million ($490,000 to $735,000).

Asteco has also seen a surge in demand for units within Seven Tides’ other Palm Jumeirah development, the Anantara Residences.

The first international property for the Dukes Collection brand, whose flagship hotel Dukes London is a popular destination for GCC travellers, Dukes Oceana, Dubai’s five-star luxury hotel and adjacent hotel apartments are undergoing interior fit-out ahead of handover in Q1 2016. Asteco has reported that 80 per cent of Dukes Oceana hotel apartments is already sold.


“The Dukes Oceana hotel apartments and the Anantara Residences represent a solid investment opportunity and are available as fully furnished and 24/7 hotel managed freehold apartments; and we expect a second wave of investor interest at this year’s Cityscape Global showcase,” said John Stevens, managing director, Asteco.

Hotel apartment users will have full access to the Dukes Oceana, Dubai suite of leisure facilities and support services, including a stunning private beach, indoor pool, and outdoor infinity pool plus state-of-the-art gym, along with a number of restaurants and lounges showcasing signature British, Asian and international cuisine. Investors will also have full access to these facilities when utilising their hotel apartment for seven days per year.

Seven Tides has had similar success with its Anantara Residences, where units in the North and South Towers, including a handful of blank canvas penthouses, are being released on a phased basis by Asteco.

“The Anantara Residences have the added investor advantage of selling at the same price as for off-plan units, but are ready for immediate occupation or rental, so owners have complete peace of mind from date of purchase,” noted Bin Sulayem.

With the residences under the Anantara Dubai The Palm Resort & Spa remit, and available as a primary or secondary residence or managed let, investors have a choice of one and two-bedroom apartments as well as two to four-bedroom shell and core penthouses, offering between 7,468 and 13,478 - sq ft of space complete with spectacular panoramic views, private pools and extensive terraces for private entertaining.

Unit prices start from Dh2.5 million with footprints ranging from 1,158 up to 9,500 sq ft and the adjacent hotel facilities include a 4,000-sq-ft gym, 110,000-sq-ft of temperature controlled lagoon pools, six world-class dining and entertainment venues, signature Anantara Spa and a private stretch of white sandy beach.

This will be the third year that Seven Tides has participated in the Cityscape Global real estate showcase in Dubai.

Bin Sulayem said: “Cityscape is the ideal platform at which we can meet face-to-face with prospective investors and clients from around the globe, to walk them through the ROI opportunities and lifestyle benefits that investing in a Seven Tides’ developed residential project can offer.

“This time around we will be focusing on not one but two high-end opportunities on Palm Jumeirah, with a focus on the remaining 45 Dukes Oceana hotel apartments and both the North and South Residences at Anantara Residences offering clear financial benefits for switched-on investors of various means looking to make a sound long-term investment in one of the world’s most exciting cities, and desirable island communities.” – TradeArabia News Service




Tags: Asteco | Seven Tides | Cityscape Global |

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