Asteco to release final Anantara Hotel Residences units

In partnership with Dubai-based luxury property developer Seven Tides, leading regional real estate consultancy firm Asteco will release the final tranche of its Anantara Residences hotel rooms for sale at this year’s Cityscape Abu Dhabi exhibition.

This year Asteco will be making its Cityscape debut, at the Abu Dhabi National Exhibition Centre from April 12 to 14, offering 30 one-bedroom hotel room units for sale at the Anantara Residences Hotel Rooms project on The Palm Jumeirah, with sizes ranging from 530 up to 650-sq-ft, and a starting price of Dh1.3 million ($353,828).

This follows the successful December 2015 release of phase one of the Anantara hotel rooms project, which saw all 73 units snapped up within days of release.

“The Anantara Residences project, and the hotel rooms component in particular, have been in high demand from the international investment community since day one of release. The choice between an upmarket second home and hotel rental managed one-bedroom unit has allowed us to reach out to a wider investor base, which when coupled with the extremely attractive ROI potential, has fast-tracked interest and sales,” said Abdulla bin Sulayem, CEO, Seven Tides.

A complete lifestyle experience is included with guests enjoying full access to the hotel’s exclusive facilities, which include a 4,000-sq-ft state-of-the-art gym, 107,600-sq-ft of temperature controlled lagoon pools, six world-class dining and entertainment venues and the Anantara Spa as well as housekeeping, at-home dining, laundry and childcare services.

The Anantara Residences North and South buildings, which also come with a three-year developer-backed guarantee of 10 per cent (paid quarterly) will also be on show at Cityscape. Asteco will be presenting the one-bedroom through to penthouse apartments to interested investors.

Asteco statistics show that units have been purchased by investors from across the GCC as well as Russia, and India, reflecting the ongoing attraction of high quality and internationally branded residential projects located in prime Dubai areas to both regional investors and overseas buyers.

“With 10 per cent guaranteed ROI for three years and the cachet of being situated on Palm Jumeirah within a truly unique island community, backed by a luxury global hospitality brand and five-star lifestyle, are compelling reasons why investors are drawn to this project,” said John Stevens, managing director, Asteco.

Asteco will also be showcasing Seven Tides’ latest development, its British-themed Dukes Dubai development, which is almost 90 per cent sold out, with the developer recording unprecedented demand from investors across the region.

“Dukes ‘Best of British’ lifestyle has clearly resonated with investors and with just a few units remaining, we expect to see strong interest at Cityscape Abu Dhabi in the hotel-managed studio and one-bedroom apartments,” said bin Sulayem.

Starting from Dh1.8 million ($489,936), the Dukes Dubai collection of studio and one-bedroom apartments range in size from 376 to 882 sq ft and are being marketed with the added bonus of a developer-backed ROI guarantee of 10 per cent for five years.

“The Dukes units are for investment purposes only, sold on a freehold, fully furnished basis. As part of the hotel-managed rental scheme, purchasers have peace of mind from day one plus the added benefit that for the first five years they are exempt from service charges, maintenance fees and utility bills,” noted Stevens.

Asteco is exhibiting at Cityscape Abu Dhabi in Hall 6 – stand number E01. - TradeArabia News Service