Second phase of Anantara The Palm apartments to go on sale

Seven Tides preparing to sell 64 apartments at the Next Move Live consumer show this weekend. Apartment prices at the development start at Dh2.6 million.

Room with a view. Anantara is selling more of its penthouses and serviced apartments on the Palm Jumeirah. Courtesy Seven Tides

The Dubai-based developer Seven Tides plans to sell 64 apartments at its Anantara The Palm Residences this weekend.

Seven Tides said it would be selling two floors of flats at the block of 442 serviced apartments and 14 penthouses located next to Dubai’s Anantara The Palm Resort & Spa at the Next Move Live property show, which will be held at Madinat Jumeirah from Thursday to Saturday.

Last May, Seven Tides put 170 apartments comprising three floors of the same block up for sale. The company says it has sold 77 of those.

Apartments at the development start at Dh2.6 million.

“The market is exceptionally buoyant at the moment and property on the Palm Jumeirah is highly sought after, so it is a good time to release the second phase of our luxury development,” said the Seven Tides chief executive, Abdulla bin Sulayem. “The fact that the apartments are already constructed is obviously a distinct advantage for investors.”

Next Move Live is a new property show, set up by the organisers of Dubai’s Cityscape, aimed at catering to a consumer audience.

During the previous boom, Cityscape became a byword for crowds of investors pushing and shoving to put down deposit cheques for off-plan properties they expected to soar in value overnight.

According to the organisers, about 22 developers have signed up to the new event including Aldar, Damac, Pacific Ventures and Flash Properties.