UAE luxury residential property developer Seven Tides has announced an exclusive Dh20,000 ($5444) reservation fee offer for two of its major projects - SE7EN City JLT and SE7EN Residences The Palm projects - at an upcoming real estate expo in Al Ain.

The Real Estate Market Exhibition (REMEx) is being held at Al Ain Convention Centre from November 15 to 17.

With this deposit, potential buyers from Al Ain’s investment community can reserve an apartment at either of the SE7EN brand developments – SE7EN City JLT or SE7EN Residences The Palm, said a top company official.

"This is a unique opportunity for Seven Tides to meet high-net worth investors face-to-face to showcase our SE7EN brand projects. These developments, offering attractive returns, are just perfect for those looking to own a second, or holiday home, as well as those looking to add to their investment portfolio," remarked CEO Abdulla Bin Sulayem.

"Visitors to our REMEx stand will have the opportunity to reserve their property with just a Dh20,000 down payment. They can also take advantage of our several attractive payment plans," he stated.

Seven Tides’ first mixed-use development SE7EN City JLT, valued at Dh1.3 billion, sold out its Phase One units in less than a week. The remaining units consist of studio, one-, two- and three-bedroom apartments.

Studio apartments start from Dh393,000 ranging in size from 384sqft to 416sqft, while one-bedroom apartments start at Dh768,000 and range in size from a minimum of 739sqft to a maximum of 800sqft. Prices of two-bedroom apartments start at Dh992,000 and the size is 1,073sqft.

Finally, the entry price for three-bedroom apartments starts at Dh1.40 million and vary in size from 1,516sqft to 1,521sqft.

All apartments come complete with high-end fittings and finishes, presented in a contemporary and techno-trendy fashion, and also feature built-in wardrobes and branded white goods, he noted.

"SE7EN City JLT has a very attractive easy payment option consisting of the reservation fee, followed by payments equal to 6 per cent of the cost price, to be paid every subsequent quarter, with a completion date of Q3 2021. We estimate that studios should yield 12 per cent every year," said Bin Sulayem.  

At SE7EN Residences The Palm, Seven Tides’ third project on Palm Jumeirah, an attractive payment plan, which comes with a developer-backed 10 per cent guaranteed ROI over five years, is on offer for studio and one-bedroom apartments.

Units are sold unfurnished with high-end fittings and finishes, and are priced at Dh1 million for studios and Dh2 million for one-bedroom apartments.

Bin Sulayem said: "At SE7EN Residences The Palm, owners can enjoy complete peace of mind knowing that their investment is in the professional hands of the Seven Tides management team."

Construction work on the project started in September last year, with a completion date set for December next year.-TradeArabia News Service