Wednesday 27 May 2020

Seven Tides gears up for UK, Russia roadshows

DUBAI, November 20, 2017

UAE-based developer Seven Tides will be showcasing its major projects such as SE7EN Residences and Anantara The Palm Dubai Residences besides its Sky Collection – penthouse conversions, at two-day property shows in Russia and the UK.

Seven Tides has been invited by Dubai Land Department as a selected developer to represent the emirate at at the twin roadshow event in Moscow (November 24 to 25) and London (December 3 to 4).

On the first day, the company will host the pitch session, with several highly targeted investors in the room. Presentations will be made by DLD and Seven Tides on Anantara The Palm Dubai Residences.

The second day is an ‘Open Day’ where the Emirati group will have stand space and be given an opportunity to meet walk-in buyers.

The developer pointed out that 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.

As part of its special road show offer, investors can pay five per cent to reserve a unit and receive a two-night stay in Dubai at any of the company’s 5-star hotels.

Seven Tides CEO Abdulla bin Sulayem said: "Dubai is the most popular city abroad for Russian real estate investors, with Dh4 billion ($1.08 billion) invested in the emirate’s real estate annually."

"This will gain further momentum as the value of the Russian ruble continues to recover and strengthen. Our products are also very popular with Russian investors who appreciate the luxury and privacy afforded to them through our developments," he noted.

According to experts, UK nationals are among the top investors in Dubai real estate sector, with an annual property purchase exceeding Dh9 billion.

“With average property prices in London up to three or four times more expensive than in Dubai, it is no wonder investors are looking at the emirate, with its luxurious lifestyle, world class infrastructure, tax free living and up to 50 per cent finance available for foreign investors," explained Bin Sulayem.

"We have witnessed strong interest from the UK, particularly in our quintessentially British-branded Dukes Dubai residences," he added.

Meanwhile, SE7EN Residences is situated next to Seven Tides’ second development on the Palm, Duke Dubai. It is made up of 1,066 units including studios, one-, two- and three-bedroom apartments. Apartment sizes range between 302 sq ft to 1,707 sq ft.

The Anantara Sky Collection - penthouse conversions – range in size from 574 sq ft with a balcony, to 602 sq ft without, while prices start from Dh1.2 million ($326,705).

“This is a unique opportunity for Seven Tides to meet HNW (high-net worth) investors face-to-face to showcase our Palm Jumeirah projects. The Palm Jumeirah continues to offer attractive returns as well as the ultimate upscale island lifestyle. It’s a fantastic addition to any investor portfolio.”

“There is also the added incentive for anyone buying property on our stand during the roadshows, to receive a complimentary two-night stay at one of our hotels on Palm Jumeirah,” added bin Sulayem.

Seven Tides will also be offering investors the chance to own one of only 10 apartments available at Dh2.3 million ($626,185). The project offers investors a guaranteed 10 per cent return on investment for five years.-TradeArabia News Service

Tags: Russia | UK | roadshows | Seven Tides |

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