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73 hotel room units to be released on 8 December; unique opportunity for investors to buy into luxury five-star development with guaranteed ROI of 10% per annum through to 2018
Dubai-based luxury property developer Seven Tides International will release an exclusive collection of 73 hotel rooms within its luxury Anantara Dubai The Palm Residences development to prospective investors on 8 December 2015 at the Anantara Residences.
This brand new investment opportunity, follows the success of its Anantara Residences project, of which 42% of total units in the prestigious North and South Towers have already been snapped up, the initiative opens up a select number of hotel rooms for sale for investment purposes.
Handled exclusively by Asteco, the appointed sales agent for the development, the rooms range in size from 530 square feet to 650 square feet with a starting price of AED1.3 million up to AED 1.76 million.
Targeted towards the regional and international investment community, Seven Tides International is guaranteeing a return on investment (ROI) of 10% net per annum for three years through the hotel managed rental scheme.
Handover is scheduled for March 2016, with interested purchasers also able to take advantage of a flexible payment plan option.
"As we have seen with the Anantara Residences project, which has been extremely well received by the international investment community, these hotel rooms represent an equally solid investment opportunity. Ready for rental from day one of handover, this means that investors will be able to quickly realise ROI potential, which will be bolstered by the appeal of the hotel's luxury positioning and exceptional facilities," said Abdulla bin Sulayem, CEO, Seven Tides International.
Blending Asian-inspired luxury with contemporary style, the Anantara Dubai The Palm Resort & Spa is set within a stunning, landscaped location. Fronted by a private stretch of white sand beach, the property has spectacular panoramic views of the Arabian Gulf, Atlantis Hotel, Burj Al Arab and the Dubai Marina skyline.
A complete lifestyle experience is included with guests enjoying full access to the hotel's exclusive facilities, which include a 4,000-square foot state-of-the-art gym, 107,600-square feet of temperature controlled lagoon pools, six world-class dining and entertainment venues and the Anantara Spa as well as housekeeping, at-home dining, laundry and childcare services.
The hotel room project will be revealed on Tuesday 8 December 2015 at a one-off event that will take place at the Anantara Residences' North Tower. Interested parties will be able to view an existing hotel room set up and talk with a member of the Asteco sales team about investment opportunities.
For more information please visit www.seventides.com
About Asteco:
Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in Dubai in 1985. Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.
About Seven Tides International:
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.
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© Press Release 2015
