Palm’s Anantara units on sale

Strong demand anticipated for phase 1 of freehold apartments

Dubai-based developer Seven Tides has announced the release of the first phase of apartments for sale on Wednesday May 1,  as part of the exclusive Anantara Residences Dubai, on the sought-after Palm Jumeirah island.

Marketed exclusively by Better Homes, the collection of 442 luxury spec’ apartments and 14 penthouses are set within a stunning, landscaped location. Fronted by a private stretch of white sand beach, the residence has spectacular panoramic views of the Arabian Gulf, Atlantis hotel, Burj Al Arab and the Dubai Marina skyline.

“The beauty of this development lies not only in its high-end aesthetic appeal and exceptional interior design, but in the fact that this is the only project to be sold as a completed product, offering investors an immediate luxury lifestyle, that Palm Jumeirah homeowners would expect,” said Abdulla Bin Sulayem, CEO, Seven Tides.

Although prices for the exclusive Anantara apartments are only available on request, average freehold property prices in the most desirable residential areas in the city continue to sell at a premium, with investor confidence on the rise according to a Q1 2013 report from Deutsche Bank, which puts year-to-date property price growth, across all areas, at over 6.2 per cent.

According to Better Homes’ own market research, prices for premium properties on the Palm Jumeirah in particular, are appreciating rapidly.

“Average property prices across Dubai increased last year by over 12 per cent but property on the Palm Jumeirah gained well over 25 per cent led by prime units in prestigious developments. So far this year, sales prices have climbed more than 6 per cent with a positive outlook, which bodes well for the timing of the Anantara residences’ launch and the future return for investors,” said Ryan Mahoney, CEO, Better Homes.

The fully furnished residences comprise a total of 442 one and two-bedroom apartments, ranging from 1,158 to 1,524-square feet and 1,743 to 2,246 square feet respectively, and impressive terrace or balcony spaces, most with sea views.

The apartments are equipped with white goods and finished with build-in closets, wooden flooring, cabinets and finishes.

“The Anantara residences also have a limited number of three-bedroom penthouses, which have sunken swimming pools, private terraces and balconies offering up to an additional 3,000 square feet of space for relaxation and entertaining. We have already been receiving pre-release enquiries from potential buyers,” said Mahoney.

“Potential penthouse owners also have the option of fully customising their interiors with the units also being offered on a shell and core basis. They can then design and decorate to suit their taste, guaranteeing a distinctive property,” he added.

A complete lifestyle experience is included in the price, with residents enjoying access to five-star facilities at the 293-room five-star Anantara Dubai Palm Jumeirah, Resort & Spa, which is due to open in September 2013. The hotel facilities available include a gym, 33,000-square feet of temperature controlled lagoon pools, six dining and entertainment venues and the Anantara Spa.

Better Homes has also launched a fully staffed on-site office, with a team of multilingual sales experts on hand to conduct tours and assist with sourcing peripheral support services such as relocation expertise and interior design consultancy.

“Another USP of this project is that Anantara Residence owners can take advantage of a flexible management option, whereby the Anantara hotel will actually manage the property on behalf of owners,” said Mahoney.

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