Foreign investors
According to the number of apartments sold, the main investors of the new project have been Russian citizens who purchased 45 apartments, which amounted to 17% of the total volume of residential properties. Along with the Russians, the British, Poles, Belgians, Brazilians, and Germans should be noted as investors who have invested considerable funds. They have invested more than 26% of the total amount.
It should be said that at this moment almost 18,000 expats from Russia and more than 55,000 Russian-speaking residents from the CIS countries live in the UAE. This means that buying villas in Dubai for expats is very popular. Besides, the Seven Residences project was financed by citizens from different countries including Kazakhstan, Ukraine, etc.
The head of the company believes that despite the current difficult situation in the real estate market, which many developers in Dubai have been facing recently, the new project will attract citizens living in different countries of the world with its lucrative investment proposals.
Seven Hotel & Apartments on The Palm
The new residential complex Seven Residences consists of two towers of fourteen floors, which at the top are united by a luxurious pool overlooking the Arabian Gulf. From there you will be able to see amazing panoramic views of the Dubai Marina and the beach. On each side of the pool, there is a restaurant, direct access to the beachfront, a gym with modern equipment and fitness equipment, a pharmacy, a laundry, various shops, and other social infrastructure.
Nearby you can see the Royal Hideaway Hotel, built by the same developer.
Housing prices
The company’s management guarantees investors within 5 years a 10% return on investment in the hotel rooms of the Seven Residences project. Housing prices have been set, for example, a studio with an area of ​​33 to 60 square meters will cost 1 million AED or 272,000 $. A one-bedroom apartment, ranging from 60 to 90 square meters, will cost from two million dirhams or from 544 000 dollars and up.
Housing equipment
The residential properties for sale are furnished, bathtubs have multifunctional showers, all rooms have fitted wardrobes and high-quality finishes. Kitchens are provided with kitchen utensils and dining tables.
Contribution plan
It should be emphasized that for investors, 10% payback is provided for the funds spent within 5 years. Also, a profitable plan for paying contributions 5% of the deposit is provided and divided into 3 phases, For example, if you buy an apartment in January, your contribution plan will be following:Â
- you pay 10% of the cost once in 3 months before the end of March,Â
- then, you need to pay 40% once in 3 months before the end of June,Â
- the last contribution (50% of the total amount) will be paid at the end of the project.
According to the head of the construction company, buying real estate on Palm Jumeirah is a good investment that will bring you not only pleasure but also a good profit for the long term. For more detailed information you can check at https://emirates.estate/ site.
