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Seven Tides to showcase Dukes project in Cityscape

Seven Tides is guaranteeing a return on investment (ROI) of 10% net per annum for the first five years

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

Dubai-based luxury property developer Seven Tides will showcase its Dukes Oceana and Anantara Residences in Dubai at the Cityscape Global.

The exclusive agent for the developer’s latest hospitality project, located on Palm Jumeirah, 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.

“We have seen tremendous uptake for our inventory of studio and one-bedroom units, with 80% sold in the four months since the launch,” 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% net per annum for the first five years, with remaining unit prices ranging from $490,042 (AED1.8m) to $735,063 (AED2.7m).

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.

“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.

He also added, “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.”
 

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Construction Week - Issue 751
Oct 13, 2019