UAE: Dubai developer Seven Tides has unveiled its Dukes Oceana hotel and residences, located on Palm Jumeirah.
The first international property for the Dukes Collection brand,
whose flagship hotel Dukes London is a popular destination for GCC
travellers, the five-star hotel and adjacent residences are
scheduled to be completed in Q1 2016.
Seven Tides CEO Abdulla bin Sulayem said: "With this launch we are bringing quintessential British charm and style to the UAE and blending it with cosmopolitan luxury to create a unique residence and hotel situated in the heart of Dubai's most desirable island community, Palm Jumeirah."
The 273-room hotel will feature a private beach, indoor pool, and outdoor infinity pool, a gym, and several restaurants.
The 227 studio and one-bedroom apartments that comprise the Dukes Oceana, Dubai residences are targeted at the regional and international investment community, with Seven Tides guaranteeing a return on investment (ROI) of 10 percent per annum for the first five years.
Sold as fully furnished freehold residences, the 185 studios and
42 one-bedroom apartments range in size from 256 to 656 square feet
(studios) and 782 to 834-square feet (one-bedroom
"International HNWIs consider lifestyle appeal as a major criteria when looking to grow their investment portfolio and Palm Jumeirah fits the bill in every respect. This is further endorsed by Dubai's longstanding reputation as a globally connected gateway and world-class commercial hub offering a high standard of living," said Bin Sulayem.
Debrah Dhuggah, Dukes managing director said: "We couldn't be more thrilled to bring the Dukes brand to an exciting city like Dubai, which is rich in culture, art, and sophistication. There is a missing piece in the Dubai hotel market for something quintessentially British and Dukes is a British gem which will certainly fill this gap."