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Asteco's sole agent appointment pays off with 80% of units at British-themed DUKES development sold within four months of launch; Anantara Residences, under the guidance of Asteco, attracting sustained demand with annual real estate show expected to attract new wave of investors looking for premium quality and access to Palm Jumeirah island lifestyle
Dubai-based luxury property developer Seven Tides returns to Cityscape Global, taking place 8-10 September 2015 at the Dubai International Convention & Exhibition Centre (DICEC), with an update on its portfolio of in-demand Dubai hotel apartment projects as Asteco reports 80% of DUKES Oceana hotel apartments already sold.
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, 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% net per annum for the first five years, with remaining unit prices ranging from AED 1.8 to AED 2.7 million.
"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 - square feet of space complete with spectacular panoramic views, private pools and extensive terraces for private entertaining.
Unit prices start from AED 2.5 million with footprints ranging from 1,158 up to 9,500 square feet and the adjacent hotel facilities include a 4,000-square foot gym, 110,000-square feet 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 3rd year that Seven Tides has participated in the Cityscape Global real estate showcase in Dubai.
Said Bin Sulayem: "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."
Seven Tides will be exhibiting at Cityscape Global in Hall 5, Stand B20.
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About Seven Tides
Based in Dubai, the United Arab Emirates, privately owned Seven Tides is an internationally oriented holding company established in 2004. Currently focusing on hospitality and real estate sectors, Seven Tides thinks progressively, works creatively, partners strategically and acts quickly. The result is a current portfolio of offerings from landmark hospitality acquisitions and commercial buildings to residential towers and multi-use complexes in the gateway cities of London and Dubai.
For more information, please visit www.seventides.com
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© Press Release 2015
