Asteco to debut at Cityscape Abu Dhabi with final release of Anantara Hotel Residences

Remaining 30 one-bedroom units to be released for sale with guaranteed ROI of 10% per annum through to 2018; Asteco will also show DUKES Dubai British-themed project with just 13% of units remaining

In partnership with Dubai-based luxury property developer Seven Tides, leading regional real estate consultancy firm and appointed sales agent, Asteco, will release the final tranche of units for sale as part of its luxury Anantara Residences hotel rooms collection at this year’s Cityscape Abu Dhabi exhibition.

This year Asteco will be making its Cityscape debut, at the Abu Dhabi National Exhibition Centre from 12-14 April 2016, offering 30 one-bedroom hotel room units for sale at the Anantara Residences Hotel Rooms project on The Palm Jumeirah, with sizes ranging from 530 up to 650 square feet, and a starting price of AED 1.3 million.

This follows the successful December 2015 release of phase one of the Anantara hotel rooms project, which saw all 73 units snapped up within days of release.

“The Anantara Residences project, and the hotel rooms’ component in particular, have been in high demand from the international investment community since day one of release. The choice between an upmarket second home and hotel rental managed one-bedroom unit has allowed us to reach out to a wider investor base, which when coupled with the extremely attractive ROI potential, has fast-tracked interest and sales,” said Abdulla bin Sulayem, CEO, Seven Tides.

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 Anantara Residences North and South buildings, which also come with a three-year developer-backed guarantee of 10% (paid quarterly) will also be on show at Cityscape. Asteco will be presenting the one-bedroom through to penthouse apartments to interested investors.

Asteco statistics show that units have been purchased by investors from across the GCC as well as Russia, and India, reflecting the ongoing attraction of high quality and internationally branded residential projects located in prime Dubai areas to both regional investors and overseas buyers.

“With 10% guaranteed ROI for three years and the cachet of being situated on Palm Jumeirah within a truly unique island community, backed by a luxury global hospitality brand and five-star lifestyle, are compelling reasons why investors are drawn to this project,” said John Stevens, Managing Director, Asteco.

DUKES Dubai, which has also performed exceedingly well in the current market environment. Ready for immediate rental from handover, investors are able to quickly realise ROI potential, which will be bolstered by the appeal of the hotel’s luxury positioning and exceptional facilities.

Asteco will also be showcasing Seven Tides’ latest development, its British-themed DUKES Dubai development, which is almost 90% sold out, with the developer recording unprecedented demand from investors across the region.

“DUKES ‘Best of British’ lifestyle has clearly resonated with investors and with just a few units remaining, we expect to see strong interest at Cityscape Abu Dhabi in the hotel-managed studio and one-bedroom apartments,” said bin Sulayem.

Starting from AED 1.8 million, the DUKES Dubai collection of studio and one-bedroom apartments range in size from 376 to 882 square feet and are being marketed with the added bonus of a developer-backed ROI guarantee of 10% for five years.

“The DUKES units are for investment purposes only, sold on a freehold, fully furnished basis. As part of the hotel-managed rental scheme, purchasers have peace of mind from day one plus the added benefit that for the first five years they are exempt from service charges, maintenance fees and utility bills,” noted Stevens.

Established in 2004, Seven Tides has developed its own portfolio of commercial, residential and resort properties in some of the world’s most desirable locations. Its award-winning flagship hotel, DUKES London, is situated in the fashionable Mayfair district and has been a hospitality icon in the capital for well over a century.

Asteco is exhibiting at Cityscape Abu Dhabi in Hall 6 – stand number E01. For sales enquiries please contact +971 600 54 7773 or email customermanagement@asteco.com.

-Ends-

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.