Seven Tides to launch
second phase of Anantara Residences after Palm Jumeirah apartment prices increase
43% in 2013
UAE developer
to launch next phase of luxury Palm Jumeirah apartments after average sales prices
for apartments on The Palm increase 43% over past year
Dubai-based developer Seven Tides is preparing to launch phase
two of its deluxe Anantara Residences development after selling 80% (77 units) of
the luxury apartments in its first phase and as robust demand pushes apartment
sales prices on The Palm up by an average of 43% during 2013.
Apartment sales on Palm Jumeirah increased by 21% in the
final quarter of 2013, rising from an average of AED 1,650 to AED 2,000 per
square foot and 43%, once compared with prices a year earlier in Q4 2013,
according the latest Q4 report from Dubai-based property management company
Asteco.
“We will launch the next phase of our Anantara Residences
project, having secured sales for 80% of our existing stock in phase 1,” said Seven Tides’ CEO, Abdulla Bin Sulayem.
“The market is exceptionally
buoyant at the moment and property on the Palm Jumeirah is highly sought after,
so it is a good time to release the second phase of our luxury development,”
added Bin Sulayem.
The Anantara Residences second phase will be launched at
the ‘Next Move’ consumer real estate event that is taking place at the Madinat
Jumeirah on 20-22 February. Specifically, Seven Tides will be releasing two
floors (3&7) consisting of 64 units. Senior executives will be on-hand to
offer additional information and advice and of course arrange site visits.
“The fact that the apartments are already constructed is obviously
a distinct advantage for investors who can sign today and be swimming in the
lagoons and enjoying the Palm Jumeirah lifestyle tomorrow,” said Bin Sulayem.
The collection of
442 luxury apartments and 14 penthouses, which
range in size from 1,158 up to 9,500 square feet, 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.
Prices for the Anantara Residences units start from
AED 2.6 million with buyers also able to enjoy exclusive access to the adjacent
293-room
five-star Anantara Dubai Palm Jumeirah, Resort & Spa, with a gym, 107,600-square feet of temperature controlled
lagoon pools, six dining and entertainment venues and Anantara Spa.
“Another unique aspect of this project, Anantara Residence
owners can take advantage of a flexible management option, whereby the five-star
deluxe Anantara hotel will actually manage the property on behalf of owners,
realising rental income when their apartment is not occupied,” said Bin
Sulayem.
There are also a limited number of three and four-bedroom penthouses,
each with sunken swimming pools, private terraces and balconies offering up to
an additional 3,300 square feet of space for relaxation and entertaining. Potential penthouse owners
also have the option of fully customising their interiors.
Visit the
Anantara Residences Dubai Palm Jumeirah at the Next Move Property Show, Madinat
Jumeirah, Stand A27
For sales
enquiries, please contact: +9714 4204892 or email sales@seventides.com
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.anantararesidences.com, 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.
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