Seven Tides reaches out to Al Ain investors at REMEx
Dubai-based developer to offer an exclusive AED 20,000 reservation fee for its SE7EN City JLT and SE7EN Residences The Palm projects at Real Estate Market Exhibition Luxury residential property developer Seven Tides will offer an exclusive promotion for two of its Dubai developments at the Real Estate Market Exhibition (REMEx), which is being held at Al Ain Convention Centre from November 15-17.
With just a AED 20,000 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.
Abdulla Bin Sulayem, CEO of Seven Tides, said: “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 an excellent opportunity for those looking to own a second, or holiday home, as well as those looking to add to their investment portfolio.
“Visitors to our REMEx stand will have the opportunity to reserve their property with just a AED 20,000 down payment, they can also take advantage of our several attractive payment plans.”
Seven Tides’ first mixed-use development SE7EN City JLT, valued at AED 1.3 billion, sold out phase one of the project in less than one week. The remaining units consist of studio, one, two and three-bedroom apartments.
Studio apartments start from AED 393,000 ranging in size from 384sqft to 416sqft, while one-bedroom apartments start at AED 768,000 and range in size from a minimum of 739sqft to a maximum of 800sqft. Prices of two-bedroom apartments start at AED 992,000 and the size is 1,073sqft. Finally, the entry price for three-bedroom apartments starts at AED 1.40 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.
“SE7EN City JLT has a very attractive easy payment option consisting of the reservation fee, followed by payments equal to 6% 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 annum,” 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% 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 AED 1 million for studios and AED 2 million for one-bedroom apartments.
Construction work on the project started in September last year, with a completion date set for December 2019.
Bin Sulayem, concluded: “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.”
Seven Tides’ stand is located in Al Khabisi Hall 1, stand no. F03.