Commercial sale of hospitality units at Dubai’s $5 billion The Heart of Europe island tourism destination is gaining momentum as developer Kleindienst Group intensifies broker engagement to sell out the remaining units of the project.
The prime hospitality and second-home megaproject – which is part of The World Islands located 4km off the coast of Dubai – is also preparing to open its first hotel: Côte d´Azur Monaco.
An incentive campaign which offers special commission and sales perks to the brokers will take place during an exclusive 3-day-long event, with 450 brokers touring the Côte d’Azur Resort and The Heart of Europe from June 23 to 25, 2022, followed by presentations and speeches by the top management of the company with a projected price appreciation in the next six months.
Brokers may invite their top investors along to experience a preview of the soon-to-open hotel.
Construction of the Côte d’Azur Resort, which comprises four upscale hotels each named after the most famous coastal cities along the French Riviera – Monaco, Nice, Cannes and St. Tropez, is also nearing completion and will deliver 916 units in total this year.
The developer will then gradually deliver parts of the project in 2022 and 2023, in line with the increase in international tourist arrivals to the region.
The Heart of Europe within the World Islands off the coast of Dubai
Set on six coral-rich islands, The Heart of Europe is at the centre of the artificially developed the World Islands Dubai – a cluster of 300 man-made islands in the Arabian Gulf.
The destination’s Côte d´Azur hotel received a 5-star rating from the Department of Tourism and Commerce Marketing (DTCM), the tourism regulatory authority of the Government of Dubai.
“Hospitality units that are currently offered to the buyers, will jump manifold in the next few years, while fetching 8.33 percent annual rental income or 100 percent return in 12 years that we are guaranteeing,” Kleindienst added.
“Prices of the Floating Seahorse Villas and other hospitality units have jumped four-fold in the last few years. Soon after the delivery of the project, we expect a further jump in the property prices.”
Kleindienst Group is currently in the process of hiring the first group of hospitality professionals to serve the hotel guests.
The new sales campaign takes place as prices of properties are going up in the UAE.
Kleindienst concluded: “This is the right time for the brokers to bring investors to the island and conclude sales and benefit from extra commission and other incentives! For investors, buying a unit in today’s price gives them – in addition to the annual rental income – high appreciation value that will fetch them 300 to 400 percent profit when sold later.”
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