Seven Tides CEO: Covid-19 shifted demand to spacious homes
The developer saw a surge in demand for two and three-bedroom units within Seven Palm development on Palm Jumeirah
While the pandemic has changed the way we live, it has also triggered a change in how people choose their homes, with the CEO of Seven Tides, Abdullah Bin Sulayem believing that it has shifted demand to larger and spacious homes.
The developer has witnessed an increase in demand for its two and three-bedroom apartments at its Seven Palm development on Palm Jumeirah.
A latest research by Property Finder showed that a trend developed after the lockdown highlighted an increase in searches for properties with outside space such as gardens, balconies and pools. This showed that people these days are now keen on having a personal, outside space in their homes.
Commenting on the change in the demand, Bin Sulayem, said: “The lockdown experience has made many residents re-evaluate exactly what they want from a living space, whether that is for a short leisure break or a longer term residential lease, especially those with small children.
The CEO said that its Seven Palm project features spacious layouts featuring floor-to-ceiling windows, which bring enough and more natural light into the apartment, in addition to a balcony space of up to 13.9m2.
Additionally, the development also features several amenities including a rooftop swimming pool, gymnasium, beach access, landscaped gardens, and a wide range of restaurants
Construction work on Seven Palm is over 40% complete and is planned to be delivered in Q2 2021. Over the last seven months, 43 different nationalities have invested in Seven Plam, 32% of whom are Central Asians, 27% of Europeans, 17% Russians, and 11% Arabs.