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Tue 10 May 2016 01:46 PM

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Dubai developer chases global investors for luxury Palm projects

Seven Tides says it is heading to London to showcase two developments on Dubai's manmade island

Dubai developer chases global investors for luxury Palm projects
Seven Tides CEO Abdulla Bin Sulayem.

Dubai-based luxury property developer Seven Tides is heading to the UK capital later this month to showcase its luxury projects on Palm Jumeirah to London’s investment community.

The company said it will chase international investors at the Dubai Property Show, which will be held at the Olympia exhibition centre from Friday.

The 2015 event registered sales in excess of AED300 million ($81.6 million), and attracted almost 6,000 international high-net worth investors.

Seven Tides, and sales agent Asteco, will be promoting the developer’s Anantara The Palm Dubai Residences Hotel Rooms project on Palm Jumeirah, with a limited number of exclusive units still available for sale for a starting price of AED1.3 million.

“The Palm Jumeirah continues to offer attractive returns as well as the ultimate upscale island lifestyle; and with hotel-managed rental options, it’s a fantastic addition to any investor portfolio,” said Abdulla bin Sulayem, CEO, Seven Tides.

According to bin Sulayem, demand for its Anantara The Palm Dubai Residences project, and the hotel rooms’ component in particular, has been high following the company’s recent participation at Cityscape Abu Dhabi.

The second project to be profiled is the under-development British themed DUKES Dubai, which will be handed over in Q4 2016, and which is already 90 percent sold. 

"With just a handful of units remaining, and a starting price of just AED1.8 million, we fully expect these hotel-managed studio and one-bed units to be snapped up,” said bin Sulayem.

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John 3 years ago

These projects would sell if Nakheel restructured the roads on Palm Jumeriah so that residents would not spend so much time to exit PJ. With the new mall, which is a nightmare traffic-wise for residents and should have been built inside buildings like the Gold Mile Apts or at the beginning of the Palm connecting the train with the Emirates Mall, should be looking logistically to remap the roads, otherwise, the Palm will become another JBR. I suggest they connect the outer frond with the mainland with either a road or bridge then these projects would become more marketable. So going overseas will not sell these projects because any educated buyer will see the logistic problems with them.