Reserve a luxury Palm Jumeirah apartment with 1pc deposit

Luxury residential and hospitality property developer Seven Tides will launch an exclusive promotion at Cityscape Global, a major real estate exhibition in Dubai, for its much sought-after Anantara The Palm Dubai Residences and Dukes Dubai. Potential buyers can reserve an apartment at either of the luxury five-star resorts on Palm Jumeirah from the Seven Tides stand at this year’s Cityscape with a 1 per cent deposit. For the first time, the 16th edition of the real estate investment and development event will enable visitors interested in buying UAE property to make purchases on the show floor. Buyers will also receive a one-night stay with breakfast in the hotel of their choice - Anantara The Palm Dubai Residences or Dukes Dubai. Abdulla Bin Sulayem, CEO, Seven Tides, said: “Visitors to our stand can capitalise on the attractive price options we are offering and make informed purchasing decisions directly with us at the show.” Around 76 per cent of the total units at Anantara The Palm Dubai Residences have already been sold. The remaining units consist of one and two-bedroom apartments. The one-bedroom apartments range in size from 1,158-sq-ft to 1,535-sq-ft and start at Dh2,730,000 ($743,088); while two-bedroom apartments, 1,732-sq-ft to 2,850-sq-ft, are priced from Dh3,990,000 ($1.08 million). As well as the initial 1 per cent down payment, buyers of the Anantara The Palm Dubai Residences can also take advantage of an attractive five-year payment plan. They can purchase the ready-to-move-in properties in the luxury development with a deposit of 20 per cent of the total sales price. A further 5 per cent would be paid every quarter thereafter, starting 12 months from the date of the initial reservation agreement. The properties feature high quality furnishings, parquet flooring, an Opus smart home system, separate air conditioning control, LCD televisions, en-suite master bedrooms with king-size beds, en-suite second bedrooms with twin beds, walk-in wardrobes, fully equipped kitchens, spacious balconies with spectacular views and extended terrace space. Facilities and amenities include a choice between seven dining experiences in the resort, access to Anantara Spa, shared leisure facilities, such as the gymnasium, temperature-controlled lagoon swimming pools, tennis courts, water sports and kids’ club; plus a al carte services such as housekeeping, in-room dining, laundry service and childcare. Bin Sulayem said: “This is a perfect opportunity to buy a second, or holiday home and enjoy the facilities and amenities within the five-star resort. These apartments are completed. People can move in immediately after making the down payment and enjoy the property and the resort lifestyle. Quarterly repayments only begin after 12 months.” At Dukes Dubai, meanwhile, there are just 10 Executive Studios remaining with spectacular views overlooking the Arabian Gulf and the stunning Dubai Marina skyline. The attractive payment plan, which comes with a developer-backed 10 per cent guaranteed ROI over five years, involves investors paying 10 per cent on reservation and 90 per cent upon signing the sales and purchase agreement (around 30 days after reservation). The Executive Studios are 822-sq-ft and prices start at Dh2.3 million ($626,045). Striking features include generously sized living rooms, while the luxury designer furnishings are complemented by thick piled carpets and the latest in technology, including state-of-the-art televisions. Bedrooms feature comfortable beds, walk-in wardrobes and en-suite bathrooms, while kitchens are fully equipped with top-of-the-range appliances. Owners will have access to all the services, facilities and amenities at the Dukes Dubai hotel, including the Dukes Bar, the Cigar Lounge, Afternoon Tea Lounge, West 14th Steakhouse, the signature Great British Restaurant (GBR) and world renowned Indian restaurant Khyber. There is also the stunning indoor swimming pool and gymnasium, outdoor infinity pool and private beach access. “With properties in both of these stunning resorts, we can also assist with a leasing strategy on a long-term basis, or the apartment can be added to the hotel rental management schemes, whereby the unit becomes a part of the hotel inventory and sales are managed by the hotel reservations team,” added Bin Sulayem. Seven Tides’ stand will be located in Sheikh Saeed Hall 2, stand no. S2A30 at Cityscape Global, which will take place at the Dubai World Trade Centre from September 11-13.