Business & Money | Tuesday 21 April, 2015 6:09 pm |

Developer guaranteeing ROI of 10% pa for newly launched DUKES Oceana, Dubai Residences – 50% already sold within a week of launch; Anantara Residences Dubai sound long-term prospect - Palm Jumeirah only Dubai development with property values above 2008 high - 4% sales price increase in 2014 alone

UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides will be profiling two current projects at this year’s Cityscape Abu Dhabi exhibition, which takes place in the UAE capital from 21-23 April 2015.

Headlining Seven Tides’ presence at the popular annual property show will be the newly unveiled DUKES Oceana, Dubai Residences, located on Palm Jumeirah, which were launched to the public on 14th April 2015 and has already sold 50% in less than a week.

Part of the luxury DUKES Oceana, Dubai hotel and resort complex, the classic European-styled residences comprise 227 hi-spec studio and one-bedroom apartments targeted at the regional and international investment community.

“DUKES Oceana will bring both British charm and cosmopolitan luxury to the UAE, with a unique residence product created to specifically appeal to a well-travelled global audience,” said Abdulla bin Sulayem, CEO, Seven Tides.

“Dubai continues to offer excellent value for money even at the higher end of the investment spectrum, especially when it comes to apartment square footage compared to other major metropolises, and these studio and one-bed units are a great entry point or portfolio addition for investors looking for a secure return on investment,” he added.

Sold as fully furnished hotel-managed freehold residences, the 185 studios and 42 one-bedroom apartments range in size from 286 to 652 square feet (studios) and 782 to 834-square feet (one-bedroom apartments), with Seven Tides guaranteeing a return on investment (ROI) of 10% per annum for the first five years.

Each apartment features luxury designer furnishings, expansive walk-in wardrobes and elegant en-suite bathrooms complemented by smart home technology throughout and custom designed kitchens equipped with the latest domestic appliances. Residents will also have full access to the DUKES Oceana, Dubai hotel and resort’s’ exciting leisure facilities and support services including five restaurants and lounges, a stunning private beach, indoor and outdoor pools, and gym.

The second Seven Tides residential development on show at Cityscape Abu Dhabi will be the much sought-after luxury Anantara Residences Dubai, with a number of South and North Residences apartments still available including several ultra-luxurious penthouses.

Another Palm Jumeirah-sited development, the five-star community enjoys a prime position on the East Crescent overlooking the Dubai Marina, city skyline or out to the Arabian Gulf.

With the residences under the Anantara Dubai The Palm Resort & Spa remit, and available as a primary or secondary residence or managed let, investors have complete peace of mind with the hotel team responsible for managing the property from guest reservations and housekeeping to maintenance requirements.

One and two-bedroom apartments are available with the exclusive ‘blank canvas’ two to four-bedroom penthouses, offering between 7,468 and 13,478 -square feet of shell and core space, each coming with spectacular panoramic views, private pools and extensive terraces for private entertaining.

Seven Tides also offers potential buyers the opportunity to enter into its residences hotel scheme, which gives the owner access to their own property for four weeks per year with the remaining weeks let and managed by the resort.

And guests or tenants have exclusive access to the adjacent hotel facilities including a 4,000-square foot gym, 110,000-square feet of temperature controlled lagoon pools, six world-class dining and entertainment venues, signature Anantara Spa and private stretch of white sand beach.

“Dubai is a global gateway with an enviable reputation both from a business and leisure perspective, and with our Anantara product we find that international HNWIs are attracted by the combination of location appeal and investment potential, which is where Palm Jumeirah, especially, ticks all the right boxes,” says bin Sulayem.

“Palm Jumeirah is also the only development in Dubai that has experienced an increase over its Q4 2008 highs, with rates up by 4% in 2014 alone. Its unique and exclusive villa community positioning ensures its competitive edge in a fluctuating market,” he added.

Visit Seven Tides at Cityscape Abu Dhabi in Hall 4, Stand no. 4E30.

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.