Region’s first 30% rental guarantee scheme offered by Tiara Residence
Zabeel Investments, the developer of AED 2.1 billion Tiara Residence project, is offering a 30 per cent rental return guarantee scheme over a period of three years for customers.
Tiara Residence is a luxurious private gated community located off the main trunk of the Palm Jumeirah - which also houses the Anantara Resort & Spa, one of Asia’s fastest growing luxury resort brands.
Under the scheme clients buying an apartment at Tiara Residence have the opportunity to lease out their apartments exclusively through Asteco Property Management and generate a yearly return that is equivalent to 10% of the original price of the property for a period of three years.
“Zabeel Investments will continuously be committed to delivering quality to its customers and aims to cement an excellent relationship with them. The guaranteed rental scheme is tailored for both existing and potential buyers, it’s a promising and a very exclusive opportunity,” said Mohammed Ali Al Hashimi, Executive Chairman, Zabeel Investments.
“As a premium property developer our benefits and customer initiatives are unique. Our high end projects come with value-added features and the 30 per cent guarantee, a first time for the Middle East. Our confidence in this project has prompted us to offer this exclusive guarantee agreement,” added Hashimi.
Asteco, the sole selling and leasing agents are confident that this will add to the continued interest shown in the property and in Zabeel Investments commitment as a world class developer. Commenting on the rental guarantee, James Knowles, Director Sales and Leasing, Asteco Property Management, said, “The offer of the guaranteed rental returns is very positive. This added benefit continues to underpin this premium residential development as a first class investor and end user product – this a win/win scenario that the market has been waiting for and we expect the demand to be very significant.”
Tiara Residence, Zabeel Investments first project, will be ready in December 2007, the development set in tropical gardens with its own pristine beach and private promenade comprises of seven luxury apartment towers and the Anantara Hotel and Resort & Spa, one of Asia’s world-class resorts and spas.
Tiara Residence will consist of seven 15-level buildings plus a penthouse floor. The buildings include luxurious and spacious one, two and three bedroom apartments ranging from 1,200 to 2,250 square feet. There will be 238 one bedroom, 210 two bedroom, 182 three bedroom apartments and 14 penthouses. The development will have basement level parking for 1300 cars.
The Anantara Resort Palm Jumeirah is a 244-room hotel that will be complemented by 132 furnished and serviced apartments. The Anantara Spa is the focal point of the resort and will provide a full range of eastern and western treatments and therapies. The hotel will be styled with contemporary Asian décor.
The apartments are patrolled by CCTV and a 24-hour security and will come with protected covered parking and the latest ‘smart-home’ technology.