| dukes-dubai. |
British themed luxury hotel and residential project
on track for Q4 handover with just handful of units still available for sale; also
on show Anantara The Palm Dubai Residences
Dubai-based luxury property developer Seven Tides returns to Cityscape
Global, which takes place from 6-8 September 2016 at the Dubai
International Convention & Exhibition Centre (DICEC), with an update on construction of
the newest addition to its luxury hospitality and residential portfolio, DUKES
Dubai.
Seven Tides’ executives will also share details of demand for its
high-end collection of Palm Jumeirah apartment developments, with both the
Anantara The Palm Dubai Residences and DUKES Dubai hotel apartments almost sold
out.
| anantara-residences |
The five-star DUKES Dubai marks the first international
property for the DUKES Collections brand, the flagship DUKES London has long
been a popular destination for GCC travelers. DUKES Dubai will add a distinctly
English flavour to the city’s current premium hospitality offering with 279
hotel rooms and 227 hotel-managed studios and one-bedroom apartments.
According to the
latest progress report, the project, which is centrally located on the trunk of
Palm Jumeirah, is now more than 83% complete and on schedule for a Q4 2016
handover.
DEWA and MPOWER
services will be connected at the beginning of September with all excavations,
shoring, piling and structural works completed, and HVAC, electric, plumbing
and fire & safety works 80% complete.
In addition, 90% of
block, drywall and cladding works have been finished with 60% of the residence’
balconies completed and overall general finishing works at the halfway mark,
and 50% complete.
| abdulla-bin-sulayem |
“We are now really
seeing the building begin to develop its unique personality, and this is a
milestone moment for Seven Tides as we can begin to count down to handover at
the end of the year,” said Abdulla bin Sulayem, CEO, Seven Tides.
“The attention to
detail and investment into interior design for DUKES Dubai has created a truly
unique product, and one that delivers on Seven Tides’ commitment to luxury and
quality. Sold as fully furnished freehold residences with round-the-clock
management by the DUKES team, our collection of studios and one-bed apartments
present an excellent investment opportunity; further compounded by our
guaranteed return on investment (ROI) of 10% per annum for the first five
years,” he added.
DUKES Dubai’s 185 studios and 42 one-bedroom apartments range in size from
286 to 652 square feet (studios) and 782 to 834 square feet (one-bedroom
apartments) and offer generous sized living and bedroom spaces, luxury designer
furnishings, expansive walk-in wardrobes and elegant en-suite bathrooms
complemented by smart home technology throughout and custom designed kitchens
equipped with the latest domestic appliances.
Guests also have
access to world-class leisure and entertainment facilities including a stunning
private beach, indoor pool, and outdoor infinity pool plus state-of-the-art
gym, along with seven dining and entertainment venues encompassing the Great
British Restaurant (GBR), which, under the culinary direction of executive chef
Martin Cahill, will offer modern British brasserie-style cuisine, and Khyber, a
North Indian speciality restaurant.
Demand for the
DUKES Dubai apartments has been strong since the project was launched in 2015,
with 89% of the 227 studio and one-bedroom managed apartments sold to date, and
just 23 units remaining. Prices start from AED 2.04 million.
Seven Tides’ other
Palm Jumeirah development, Anantara The Palm Dubai Residences, has enjoyed
similar success with 79% of its North and South Tower homes already sold as
part of a phased release.
Marketed as primary or secondary residences, or managed lets, investors
have a choice of one and two-bedroom apartments as well as two to four-bedroom shell
and core penthouses, offering between 7,468 and 13,478-square-feet of space
complete with spectacular panoramic
views, private pools and extensive
terraces for private entertaining.
Unit prices start from AED 2.7
million with footprints ranging from 1,158 up to 9,500 square feet and the
adjacent hotel
facilities include a 4,000-square foot gym, 110,000-square feet of
temperature controlled lagoon pools, six world-class dining and entertainment
venues, signature Anantara Spa and a private stretch of white sandy
beach.
“Cityscape is the
ideal platform at which we can meet face-to-face with prospective investors and
clients from around the globe, to walk them through the ROI opportunities and
lifestyle benefits that investing in a Seven Tides’ developed residential
project can offer.” said Bin Sulayem
Seven Tides will be exhibiting at
Cityscape Global in Hall 3, Stand S3F40.
