Dubai-based developer Seven Tides is seeing renewed interest in its Anantara Residences Dubai The Palm, driven by the continued decline in off-plan sales in the UAE emirate’s real estate market, said a report.

Prospective buyers are concerned as to whether the end product will match the sales brochure in terms of finished build quality and maintenance standards as the timeline between purchase and property handover goes up to four years, said a report by real estate marketing agency Raine & Horne Dubai.

Sanjay Chimnani, managing director, Raine & Horne Dubai, highlighted that the Anantara Residences offers international investors a guaranteed annual return as well as access to the Anantara Hotel Rental Management Scheme.

“A number of new project announcements have also been made in recent months and with a narrowing in the sales price gap between off-plan units and ready-to-go products, potential investors are looking to put their money into the market with the guarantee of immediate income generation,” added Chimnani.

“Heightened market competition requires not only the expertise of a company such as Raine & Horne but has also prompted a need for increased flexibility and creativity when putting together investor packages, and we believe that the Anantara Residences’ offer is one of the most comprehensive and attractive in the market today, with a guaranteed ROI,” said Abdulla Bin Sulayem, CEO, Seven Tides.  

Raine & Horne is currently promoting a selection of fully furnished one-bedroom apartments, plus a number of two-bedroom apartments, priced from Dh2.625 million to Dh 3.99 million and ranging in size from 1,158 sq ft up to 1,771 sq ft.

“With restricted mortgage options for off-plan projects, a number of owners looking to liquidate their current investments and for those for whom a guaranteed return on investment (ROI) is a prerequisite, the Anantara Residences is an extremely attractive proposition thanks to its luxury positioning, unrivalled location and our flexible payment options, which adds an element of security,” Sulayem said.  

Anantara Residence owners also have complimentary use of the resort’s 110,000-sq-ft temperature controlled lagoon swimming pools, private beach and 4,000-sq-ft gym; 20 per cent dining discount at six world-class restaurants; and access to the Anantara Spa facilities, tennis courts, meeting rooms, kids and teens clubs.

The collection of available one- and two-bedroom apartments comprises nine different, spaciously designed layouts, complemented by top-of-the-range kitchen appliances and innovative technological features. All apartments feature extended balconies for al fresco entertaining, most offering stunning sea views.

Blending Asian-inspired luxury with contemporary style, the collection of 442 luxury apartments and 14 penthouses in the Anantara Residences Dubai The Palm, is set within a magnificent, landscaped location. Fronted by a private stretch of white sandy beach, the residences have spectacular panoramic views of the Arabian Gulf, Atlantis, The Palm, Burj Al Arab and the Dubai Marina skyline. – TradeArabia News Service