Wednesday, July 17, 2013
GCC investors eye Palm Jumeirah residences
GCC investors eye Palm Jumeirah residences
Luxury lifestyle, capital appreciation and ROI potential offers attractive investment opportunity; Anantara high spec ‘des res’ apartments and penthouses ready to move in
Dubai-based developer Seven Tides is receiving increasing interest from GCC investors for the phase one release of its exclusive Anantara Residences Dubai, situated on Palm Jumeirah, as the emirate welcomes an influx of summer visitors from the region.
Marketed exclusively by Better Homes, the collection of 442 luxury apartments and 14 penthouses are fronted by a private stretch of white sand beach with all residences enjoying spectacular panoramic views of the Arabian Gulf, Atlantis hotel, Burj Al Arab and the Dubai Marina skyline.
“We are not surprised by the level of interest shown by GCC investors. The Dubai real estate market is buoyant; apartment sales prices have grown by 27% year to date, and by 12% in the first quarter of this year alone. Also it’s not only a convenient location for a second home, it can be bought-to-let or simply leased when vacant to earn rental income,” said Abdulla Bin Sulayem, CEO, Seven Tides
“Dubai is a popular destination for GCC visitors. Airline schedules are good allowing easy accessibility, making Dubai a great ‘family and friends’ location,” he added.
A Dubai Chamber study, supported by statistics published by Business Monitor International, puts UAE tourism sector growth at 6.5% per annum between 2011-2021, with visitors from the Gulf state and the Middle East region, a primary and source market.
The significant growth of GCC visitors is further supported by the results of a recent MasterCard survey, which reported that while Dubai is currently the seventh most popular tourist destination in the world, it is expected to beat New York or Paris in popularity by 2017.
Better Homes also provides on-site support for prospective investors with a dedicated Arabic-speaking sales team on hand to conduct show-rounds and answer specific enquiries from GCC investors keen to buy into a luxury Dubai lifestyle.
“The emirate, and The Anantara Residences, are perfectly positioned to accommodate the cultural and social requirements of Gulf nationals, from the availability of high-end retail destinations and the city’s family-friendly entertainment calendar, to the high spec interior design of the apartments and penthouses, and unrivalled lifestyle access to the adjacent Anantara Dubai Palm Jumeirah, Resort & Spa,” added Bin Sulayem.
The fully furnished residences comprise a total of 442 one and two-bedroom apartments, ranging from 1,158 to 1,524-square feet and 1,743 to 2,246 square feet respectively, and impressive terrace or balcony spaces, most with sea views.
There are also a limited number of three-bedroom penthouses, each with sunken swimming pools, private terraces and balconies offering up to an additional 3,000 square feet of space for relaxation and entertaining; and potential penthouse owners also have the option of fully customising their interiors.
A complete lifestyle experience is included in the price, with residents enjoying access to five-star facilities at the 293-room five-star Anantara Dubai Palm Jumeirah, Resort & Spa, which is due to open in September 2013. The hotel facilities available include a gym, 107,600-square feet of temperature controlled lagoon pools, six dining and entertainment venues and the Anantara Spa.
Photo One: View from the Anantara Dubai Palm Jumeirah Residences.
Photo Two: Interiors of the Anantara Dubai Palm Jumeirah Residences.
Photo Three: Abdulla Bin Sulayem, CEO, Seven Tides.
For more information, please visit www.seventides.com
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.
About Better Homes
Better Homes is UAE’s largest property realtor, and one of the Middle East’s most recognised and respected brands for property; offering residential and commercial property sales and leasing, property management, and short-term rentals. Established in 1986, Better Homes now operates in 25 offices, throughout the Emirates and in six countries.