Raine & Horne wins exclusive AED 1.4 billion contract to sell Anantara Residences on Palm Jumeirah

Australian real estate agency chosen to list Anantara-branded luxury apartments on behalf of renowned hospitality developer Seven Tides – up to 13% guaranteed ROI for five years

Raine & Horne Dubai has signed an exclusive contract with Dubai-based luxury hospitality developer Seven Tides, to market the freehold luxury five-star Anantara Residences on the Palm Jumeirah, worth AED 1.4 billion

The signing ceremony which took place in Dubai was attended by Abdulla bin Sulayem, CEO of Seven Tides and Angus Raine, Executive Chairman and CEO of Raine and Horne.

“This is a major coup for Raine & Horne Dubai, which already employs 25 real estate professionals, and this listing demonstrates that the team led by experienced property specialists Sanjay Chimnani and Surender Bhojwani will make a major mark on the emirate’s real estate market,” said Angus Raine, Executive Chairman and CEO of Sydney-based Raine & Horne.

Also present at the signing, highlighting the significance of the contract win were, Australian Federal Trade Minister Andrew Robb, Australian Ambassador to the UAE Pablo Kang, and Australian Consul General to Dubai, Gerard Seeber, who were leading a trade delegation which visited key markets in the Middle East.

“We decided to appoint Raine & Horne because of their vast experience of marketing luxury properties and their extended international network, stretching from Australia, to Japan, India and Western Europe. These offices will provide us with a platform to market the Anantara Residences internationally in a cost effective and direct way,” commented Abdulla Bin Suleyam, CEO of Seven Tides.

Blending Asian-inspired luxury with contemporary style, the collection of 442 luxury apartments and 14 penthouses in the Anantara Residences, Palm Jumeirah Community, is set within a stunning, landscaped location. Fronted by a private stretch of white sand beach, the residences has spectacular panoramic views of the Arabian Gulf, Atlantis Hotel, Burj Al Arab and the Dubai Marina skyline.

Confident of marketing a successful launch campaign, Sanjay Chimnani, Managing Director, Raine & Horne Dubai said: “With up to 13% ROI guaranteed for five years by Seven Tides, plus a staycation for seven days each year, I’m sure there will be heightened investor interest in this exceptional project.

“Unit prices start from just AED 2.5 million with footprints ranging from 1,158 up to 9,500 square feet, and comes with spectacular views of the Arabian Gulf and the Dubai skyline,” added Chimnani.

The one and two-bedroom apartments offer nine different layouts and utilise space to the maximum, complemented by top-of-the-range kitchen appliances and innovative technological features. All apartments are accented with large balconies for al fresco entertaining, most with seaviews.

Prospective penthouse residents have sunken swimming pools, private terraces and balconies offering up to an additional 3,000 square feet of space for relaxation and entertaining. There is also the option of full customisation, with the units available on a shell and core basis, thus allowing buyers to truly personalise their own space, added Mr Chimnani.

A complete lifestyle experience is included with residents enjoying Anantara Dubai The Palm Resort & Spa’s exclusive facilities, which include a 4,000-square foot state-of-the-art gym, 107,600-square feet of temperature controlled lagoon pools, six world-class dining and entertainment venues and the Anantara Spa as well as housekeeping, at-home dining, laundry and childcare services.