(MENAFN- Khaleej Times) Seven Tides, a Dubai-based developer, has announced that the first phase of apartments at the Anantara Residences on The Palm Jumeirah went on sale on Wednesday.
Marketed exclusively by Better Homes, the collection of 442 luxury apartments and 14 penthouses are fronted by a private stretch of white sand beach and offer 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 apartments are only available upon 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.
"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 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," revealed 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."
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