Seven Palm witnesses increase demand for larger apartments

Seven Tides has witnessed a surge in demand for its two and three-bedroom apartments at its Seven Palm development on Palm Jumeirah. This has been a result of COVID-19 and an increased need by residents who now value personal and outside space in their home life as a must-have.

According to research and data from Property Finder, one of the latest trends has seen an increase in searches for properties with outside space such as gardens, balconies, and pools.

Seven Tides has therefore decided to extend its current summer promotion for the Seven Palm development. Investors will continue to be able to take advantage of savings up to AED177,000 on the available two and three apartments.

Residents and hotel guests have access to a range of world-class amenities, including a rooftop swimming pool with spectacular views, fully equipped gymnasium, beach access, lush landscaped gardens, and an array of restaurants. They will also experience spacious layouts complemented by floor-to-ceiling windows which maximize natural light and additional balcony space of up to 150sqft, not to mention spectacular views

Apartment prices in Seven Palm range from AED 649,888 to AED 3,388,888, and both projects come with a flexible post-handover payment plan. The development, which has made considerable construction progress in recent months, is now scheduled for completion in Q2 2021.

To date, sales figures at Seven Palm have been particularly impressive, and despite tough trading conditions, more than 450 units sold to date. Investors have been particularly impressed with the quality, returns, and potential capital appreciation.

The development has also proven popular with a range of international buyers. More than 43 different nationalities have invested in Seven Palm with Central Asians accounting for 32% of sales, Europeans 27%, Russians 17%, and Arab nationals 11%.