UAE -  The UAE-headquartered property developer Seven Tides has achieved total annual sales of $152 million in its two developments, Golf Views Seven City and Seven Palm, in 2020.

Located on The Palm Jumeirah, Seven Palm has attracted $125.5 million investments from over 63 different nationalities, according to a press release on Monday.

Russians, British, and French have topped the sales volume in Seven Palm, representing 18%, 9%, and 8% respectively.

At the same time, 195 different nationalities have invested $26.5 million in Golf Views Seven City, located in Jumeirah Lake Towers (JLT).

Golf Views Seven City comprises 27 floors, 2,617 residential apartments, and 150,000 square feet of retail space, a hotel, and restaurants.

The CEO of Seven Tides, Abdulla bin Sulayem, commented: "Many investors in the UK and Europe fear higher income and property tax rates, as governments look to reduce public finance deficits, after borrowing record amounts of money to tackle the pandemic. Should that transpire, it could well drive even further investment next year."

Source: Mubasher

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