Investors eying Anantara The Palm Dubai apartments

Dubai-based developer Seven Tides have reported an increasing level of interest from GCC investors in the first phase of the Anantara Residences Dubai development.

The property, which will be located on the Palm Jumeirah as part of the new Anantara Dubai The Palm Resort & Spa devlopment, features 442 one and two-bedroom furnished apartments and 14 three-bedroom penthouses.

Seven Tides CEO Abdulla Bin Sulayem said: “We are not surprised by the level of interest shown by GCC investors. The Dubai real estate market is buoyant; apartment sales prices have grown by 27% year to date, and by 12% in the first quarter of this year alone. Also, it’s not only a convenient location for a second home, it can be bought-to-let or simply leased when vacant to earn rental income.”

Residents will also have access to the Anantara Dubai Palm Jumeirah Resort & Spa’s facilities, which will include a gym, temperature controlled lagoon pools, six dining and entertainment venues and the Anantara Spa when it opens in September 2013.

“The emirate and the Anantara Residences, are perfectly positioned to accommodate the cultural and social requirements of Gulf nationals, from the availability of high-end retail destinations and the city’s family-friendly entertainment calendar, to the high spec interior design of the apartments and penthouses, and unrivalled lifestyle access to the adjacent Anantara Dubai Palm Jumeirah, Resort & Spa,” added Sulayem.