Seven Tides, a Dubai-based developer, has announced the release of 12 ultra-exclusive penthouse apartments at Anantara Residences, on Palm Jumeirah, Dubai, UAE.

The penthouses will be presented to investors at this year’s Cityscape Global exhibition in Dubai.

The penthouses occupy prime positions in both the South and North Towers of the five-star residential community and are priced from $5.5 million.

The Cityscape event will take place on September 21 to 23.

To date, two penthouses have been sold with the remaining available units offering between 7,468 and 13,478 sq ft of shell and core space. All come with spectacular panoramic views of the Arabian Gulf, Atlantis hotel, Burj Al Arab and Dubai Marina skyline, as well as private pools and extensive terraces for private entertaining.

Abdulla Bin Sulayem, CEO, Seven Tides, said: “The Anantara Residences penthouses rank right up there with comparable investment opportunities in other global gateway destinations such as Paris (France), Rome (Italy) or Vancouver (Canada), they offer remarkable value in terms of price and square footage compared to properties in London (UK) or New York (US).”

 “Space really does come at a premium and this is where the Anantara Residences offers investors an added advantage with an incredible amount of both indoor and al fresco space, plus exclusive access to the five-star facilities and services at the adjacent Anantara Dubai Palm Jumeirah, Resort & Spa,” he said.

“However, besides the current value aspect, the Palm is also in a league of its own when capital appreciation is considered. The price of a square foot for villas has increased by 55 per cent over the last year and 31 per cent for apartments all contributing towards significant yield figures – performance levels other destinations will find difficult to compete with,” added Bin Sulayem.

Residents can use the hotel’s 4,000-sq-ft gym, 110,000-sq-ft of temperature controlled lagoon pools, six world-class dining and entertainment venues, signature Anantara Spa and the private stretch of white sand beach.

Bin Sulayem also confirmed that 70 per cent of the one and two-bedroom units in the South Tower have already been sold, with the recently released North Tower also performing well. – TradeArabia News Service