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Seven Tides has launched the latest phase of the Anantara Residences on The Palm Jumeirah. Some 47 two-bedroom deluxe apartments in the North Residences will be made available to buyers, with prices ranging from Dh4.45 million for a 1,779-sq-ft apartment to Dh11 million for a 2,873-sq-ft sea-view apartment.
The developer said the first two phases in Anantara's South Residences, comprising 111 luxury apartments, were already sold out.
''Unit sales in the South Residences have proved to be extremely popular as the value of Dubai's real estate market has continued to rise significantly last year and well into this year,'' said Abdulla Bin Sulayem, Seven Tides CEO.
''With investor confidence in such buoyant mood, we felt it was the right time to release the first phase of the North Residences, which with the real estate market performing so robustly, not only represents excellent value for money, but also a solid return on investment.''
According to the first quarter real estate report from Asteco, apartment prices on Palm Jumeirah have risen by 33 per cent over the 12 months to the end of the first quarter.
''Apart from high-specification interior design and quality workmanship, another aspect that we benefit from is the fact that the units are completed and virtually ready to move in,'' said Bin Sulayem. ''This allows investors to move in, let out their properties or let Anantara manage their property for them. This brings the luxury lifestyle element into the equation.''
Residents will have access to the Anantara Dubai Palm Jumeirah, Resort and Spa. The hotel's facilities include a gym, 107,600 sq ft of temperature-controlled lagoon pools and six dining and entertainment venues. A new restaurant, the Bushman's Restaurant and Bar, and a 17-room spa will also be opened in the property.
Anantara Residences is a collection of 442 luxury apartments and 14 penthouses fronted by a private stretch of white-sand beach.
Source: Property Weekly