Thai-based Anantara will launch sales today of its for-sale residences at its new resort on Palm Jumeirah in Dubai. The lavish five-star property is anticipated for completion in September 2013, and will join other prestigious resorts and luxury residences on the palm-shaped manmade island.
The new resort will be located on the desirable “Crescent” of Palm Jumeirah, which is laid out like a palm tree with a “trunk” and “fronds”, and also includes a One & Only Resort, Atlantis, Kempinski Emerald Palace, Rixos, Jumeirah Jabeel Saray, and the Fairmont Palm Dubai. The Crescent portion is the outermost ring of the development, fronting on both the wide-open Arabian Sea, and also serving as a breakwater which creates a gorgeous white sandy beach. This enviable location offers water views from many of the residences, many of which also feature balconies or terraces.
The project is sold virtually completed so that buyers can practically move in right away and start enjoying their new home. The 450 freehold residences and penthouses include one, two-, and three-bedroom layouts, ranging from 104 to 617 square meters each. Purchasers have several interior furnishing options to choose from down to even sheets and towels, or they may elect to decorate their residence themselves. The unique penthouses offer extensive outdoor terraces and feature private sunken swimming pools. At the option of the owners, the residences can be offered for rent through the hotel, to generate cash for owners when not in residence.
On-property dining options will include Thai, seafood and Asian cuisine, as well as a beach-front restaurant and bar. The large resort will also have extensive resort facilities, including three lagoons, giant swimming pool, tennis courts, as well as water sports, business center and banquet facilities. The spa is particularly attractive, with a pan-Asian theme including an Indonesian aroma steam bath, Balinese bamboo purification room, salt inhalation cabin, ice grotto and an Ayurvedic treatment suite.
Developed by Seven Tides, the property was previously known as Royal Amwaj Resort under the management of Movenpick Hotels & Resorts, originally scheduled for completion in 2010. Instead the re-branded Dubai property will join Anantara’s collection of 23 operating luxury resorts, located in Thailand, the United Arab Emirates, the Maldives, Vietnam, Indonesia and China. Being marketed by Better Homes, the market appears optimistic about the project as Palm Jumeirah property has been outperforming prices elsewhere in Dubai since the global financial crisis began in 2008, posting a 6.2 percent gain in the first quarter of 2013 according to Deutsche Bank. With construction progressing on some of the Palm’s last development sites, we are are optimistic this trend will continue as one of the world’s most ambitious developments comes to fruition.