• Developer guaranteeing 10% ROI p.a. over five years for SE7EN Residences The Palm studios and one-bedroom apartments
  • Units are priced at AED 990,000 for studios and AED 1.9 million for one-bedroom apartments

UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has launched a guaranteed 10% annual return on investment over five years for selected apartments at its SE7EN Residences The Palm development.

The offer is available on a limited number of studio and one-bedroom apartments located in the south tower of the Palm Jumeirah project.

Units are priced at AED 990,000 for studios and AED 1.9 million for one-bedroom apartments.

Abdulla Bin Sulayem, CEO of Seven Tides, said: “This offer provides a developer-backed guaranteed 10% return on investment for five years, where owners will enjoy complete peace of mind knowing that their investment is in the professional hands of the Seven Tides management team.”

Apartments are sold unfurnished with high-end fittings and finishes. They will come equipped with soft clothes drawer built-in wardrobes, as well as white goods including a fridge, washing machine and cooking range appliances. There will be separate air-conditioning controls, giving the owner full control of the environment.

The 14-storey two tower complex, which is situated next to Seven Tides’ second development on the Palm, DUKES Dubai, has direct beach access and boasts retail outlets on the ground floor such as a gourmet grocery store, laundry services and a pharmacy – to name but a few.

Joined at the top by a stunning infinity pool, the complex offers majestic views over the Dubai Marina skyline and what will become the world’s largest ferris wheel, Ain Dubai. There will also be two restaurants at either side of the swimming pool and a fully equipped gymnasium.

Bin Sulayem added: “Palm Jumeirah continues to be one of the most sought-after locations in Dubai. Not only is this prime real estate, which according to industry experts produces high yields, it will also benefit from capital growth.”

“SE7EN Residences has proven to be an excellent addition to the area. This is another standout development, an exclusive property offering luxury residential apartments.”

Construction work on the project started in September last year, with a completion date set for December 2019.