Seven Palm, located on Palm Jumeirah in Dubai is now complete. Seven Tides mentioned that it has more than 27 percent of the work on its prime property.
‘Seven Palm’ is the name of the overall development and both component projects rebranded to ‘Seven Palm Hotel Apartments’ and ‘Seven Palm Residences’ respectively.
It has a revised and more flexible post-handover payment plan and under the scheme, investors can now reserve an apartment with a five percent deposit, and six percent sales purchasing agreement, followed by two installments of five percent due within three months and five months and then nine percent inside seven months, with a further 20 percent upon handover.
While the remaining 50 percent balance, which is payable in installments within 12 months after handover, provides investors with the opportunity to offset a part of the purchase price during the first year of occupancy through a guaranteed return or rental income.
There are frequent sales inquiries received by the Emirati developer mainly for its Seven Palm development on Palm Jumeirah even though there is an economic fallout and social restrictions due to the pandemic.
The financial markets is volatile and it's making the investors cautious and forcing them to look for stable longer-term returns offered by off-developments.
Seven Tides chief executive, Abdulla bin Sulayem said that they have introduced 3D virtual tours of our developments, so that investors can still make an informed decision from distance, with sales support on-hand in real-time, to answer any specific questions.
Tags: Seven Palm
