Dubai – Masaader News
Developer to showcase SE7EN Residences and Anantara The Palm Dubai Residences, as well as its Sky Collection – penthouse conversions, at property shows in Russia and the UK; Investors can pay 5% to reserve a unit and receive a two-night stay in Dubai at any of the company’s 5-star hotels
Dubai Land Department has invited Seven Tides as a selected developer to represent the emirate at investor roadshows in Russia and the UK.
Dubai-based luxury property developer Seven Tides will be presenting the popular Anantara The Palm Dubai Residences and the recently launched SE7EN Residences, as well as the Anantara Sky Collection – penthouse conversions, at the twin roadshow event in Moscow (November 24-25) and London (December 3-4).
Abdulla bin Sulayem, CEO, Seven Tides, said: “Dubai is the most popular city abroad for Russian real estate investors, with AED 4 billion invested in the emirate’s real estate annually. This will gain further momentum as the value of the Russian ruble continues to recover and strengthen. Our products are also very popular with Russian investors who appreciate the luxury and privacy afforded to them through our developments.”
Meanwhile, UK nationals are among the top nationalities to invest in Dubai real estate, with an annual property purchase exceeding AED 9 billion.
Bin Sulayem said: “With average property prices in London up to three or four times more expensive than in Dubai, it is no wonder investors are looking at the emirate, with its luxurious lifestyle, world class infrastructure, tax free living and up to 50% finance available for foreign investors. We have witnessed strong interest from the UK, particularly in our quintessentially British branded DUKES Dubai residences.”
Of the two days in each country, one day includes the pitch session, with a host of highly targeted investors in the room. Presentations will be made by Dubai Land Department and Seven Tides. The alternate day is an ‘Open Day’ where Seven Tides will have stand space and be given an opportunity to meet walk-in buyers.
Around 76% of the total units at Anantara The Palm Dubai Residences have already been sold. The remaining units consist of one and two-bedroom apartments. The one-bedroom apartments range in size from 1,158 sqft to 1,535 sqft and start at AED 2,730,000 ($743,254); while two-bedroom apartments, 1,732 sqft to 2,850 sqft, are priced from AED 3,990,000 ($1.08 million).
Meanwhile, SE7EN Residences is situated next to Seven Tides’ second development on the Palm, DUKES Dubai. It is made up of 1,066 units including studios, one-bedroom, two-bedroom and three-bedroom apartments. Apartment sizes range between 302 sqft to 1,707 sqft.
Units are priced at AED 752,000 ($204,735) for studios, AED 1.03 million ($280,422) for one-bedroom apartments, AED 1.99 million ($541,786) for two-bedroom apartments, and AED 3.55 million ($966,503) for three-bedroom apartments.
The Anantara Sky Collection – penthouse conversions – range in size from 574 sqft with a balcony, to 602 sqft without. While prices start from AED 1.2 million ($326,705).
“This is a unique opportunity for Seven Tides to meet HNW investors face-to-face to showcase our Palm Jumeirah projects. The Palm Jumeirah continues to offer attractive returns as well as the ultimate upscale island lifestyle. It’s a fantastic addition to any investor portfolio.”
“There is also the added incentive for anyone buying property on our stand during the roadshows, to receive a complimentary two-night stay at one of our hotels on Palm Jumeirah,” added bin Sulayem.
Seven Tides will also be offering investors the chance to own one of only 10 apartments available at DUKES Dubai. Currently there are only studio (822 sqft) apartments available, with prices starting from AED 2.3 million ($626,185). The project offers investors a guaranteed 10% return on investment for 5 years.
Seven Tides took part in Dubai Land Department’s Dubai Property Show in Mumbai earlier this month.
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