French, Russian, Uzbekistani and UK nationals have led a spike in investment for UAE developer Seven Tides across the past two months, new data has shown. 

 

 

Seven Tides CEO Abdulla Bin Sulayem, CEO, Seven Tides said the increased sales at Seven Palm could be attributed Seven Tides’ decision at the beginning of December last year, to rebrand and relaunch both the hotel and residential apartment components of that development.

 

“The overall development is now branded ‘Seven Palm’, with both component projects rebranded to ‘Seven Palm Hotel Apartments’ and ‘Seven Palm Residences’, respectively," he said.

 

"Both projects came with a revised and more flexible post-handover payment plan.”

 

Russian nationals, enticed by the luxury lifestyle and growing work opportunities in the UAE, were the top investors by volume, over the last two months, while investors from Uzbekistan, were closely followed by UK and French investors. 

 

To cope with the increased demand, Seven Tides’ sales office is now open seven days a week and has taken on more administrative staff to deal with increased sales enquiries from investors and brokers as well as managing a new sales booking system that deals more efficiently with volume.   

 

Bin Sulayem said the success of Seven Palm undoubtedly reinforced the argument that "if you offered a compelling proposition, based on ROI and location, as well as exceptional design and build quality, investors will commit irrespective of prevailing market sentiment".