Anantara releases 73 hotel rooms to investors

Hotel roomsImage Credit: Courtesy of Anantara

Dubai-based luxury property developer Seven Tides International said it has released an exclusive collection of 73 hotel rooms within its luxury Anantara Dubai The Palm Residences development to prospective investors. The company said the release of new hotel rooms for investment follows the success of its Anantara Residences project, of which 42 per cent of total units in the North and South Towers have already been snapped up.

Handled exclusively by Asteco, the appointed sales agent for the development, the rooms range in size from 530-650 sq ft with prices from Dh1.3 million to Dh1.76 million. Targeted towards the regional and international investment community, the units guarantee a return on investment (ROI) of 10 per cent net per year for three years through the hotel man- aged rental scheme, according to Seven Tides.

Handover is scheduled for March, with interested purchasers also able to take advantage of a flexible payment plan option.

“As we have seen with the Anantara Residences project, which has been extremely well received by the international investment community, these hotel rooms represent an equally solid investment opportunity,” said Abdulla bin Sulayem, CEO, Seven Tides International. “Ready for rental from day one of handover, this means that investors will be able to quickly realise ROI potential, which will be bolstered by the appeal of the hotel’s luxury positioning and exceptional facilities.”

Blending Asian-inspired luxury with contemporary style, the Anantara Dubai The Palm Resort and Spa is set within a landscaped location. Fronted by a private stretch of white sand beach, the property has panoramic views of the Arabian Gulf, Atlantis hotel, Burj Al Arab and the Dubai Marina.

Guests enjoy full access to the hotel’s exclusive facilities, which include a 4,000-sq-ft gym, 107,600-sqft temperature-controlled lagoon pools, six dining and entertainment venues, the Anantara Spa as well as housekeeping, at-home dining, laundry and childcare services.

More on hospitality from this article: Surging hospitality investment option

Source: Property WeeklyPW


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