Dubai-based developer Seven Tides is set to launch phase two of its deluxe Anantara Residences development at The Palm in Dubai.

The developer has sold 80 per cent of the luxury apartments in its first phase, said a statement.

The apartment sales on Palm Jumeirah increased by 21 per cent in the final quarter of 2013, rising from an average of 43 per cent, compared with prices a year earlier, according the latest Q4 report from Dubai-based property management company Asteco.  
 
Abdulla Bin Sulayem, CEO, said: “We will launch the next phase of our Anantara Residences project, having secured sales for 80 per cent of our existing stock in phase one.”

The launch will take place at the ‘Next Move’ consumer real estate event at the Madinat Jumeirah from February 20 to 22.

Seven Tides will be releasing two floors (third and seventh) consisting of 64 units.

The collection of 442 luxury apartments and 14 penthouses, which range in size from 1,158 up to 9,500 sq ft, are fronted by a private stretch of white sand beach, with all residences enjoying the panoramic views of the Arabian Gulf, Atlantis hotel, Burj Al Arab and the Dubai Marina skyline.

The prices for the Anantara Residences units start from Dh2.6 million ($762,091) with exclusive access to the adjacent 293-room five-star Anantara Dubai Palm Jumeirah, Resort and Spa, with a gym, temperature controlled lagoon pools, six dining and entertainment venues and Anantara Spa.

“Anantara Residence owners can take advantage of a flexible management option, whereby the five-star deluxe Anantara hotel will actually manage the property on behalf of owners, realising rental income when their apartment is not occupied,” said Bin Sulayem.

It is also offering a limited number of three and four-bedroom penthouses, each with sunken swimming pools, private terraces and balconies.  Potential penthouse owners also have the option of fully customising their interiors. - TradeArabia News Service