Two factors are driving growth in Dubai’s serviced residences sector: The sustained growth of Dubai’s hospitality sector and the increase in population with a number of residents opting for the convenience of homes that are fully serviced by a renowned hospitality provider. The number of visitors in Dubai rose to 14.9 million in 2016, an increase of 5% from 2015, while Dubai’s population is estimated to stand currently at 2.7 million and it’s expected to rise to 5.2 million by 2030.
Hamptons International, the region’s leading real estate company, identified in a current market study that serviced residences have emerged as the preferred investment choice for their appealing investment returns.
The study was conducted to coincide with Hamptons being appointed as the exclusive sales and marketing agent for The Address Residences Jumeirah Resort + Spa.
The project offered the first opportunity for customers to buy freehold homes located in the tallest tower on the beach, in the last available land plot for development on Jumeirah Beach Walk with prime views of Ain Dubai and the best sunset views in Dubai.
Ranju Kapoor, General Manager of Hamptons International, said: “Serviced residences are increasingly gaining popularity as ideal investment choices – both for residents in the UAE and for international investors. Our study has identified that serviced residences can bring good returns up to 8 per cent ROI. The study further revealed that the attractive returns partnered with hassle free ownership, effortless management and Dubai’s status as a global hub for tourism and leisure are driving the demand for serviced residences.”
According to estimates by Hamptons, the rental returns on the serviced residences in The Address Residences Jumeirah Resort + Spa are appealing and this is reflected in the significant demand reported by Hamptons for the development.
Set apart by its spectacular location, with 360 degree views of Dubai and the best sunset views over the Arabian Gulf, along with prime views of the Dubai Marina and Ain Dubai (the world’s largest Observation wheel); the West Tower features The Address Jumeirah Resort + Spa hotel, comprising 183 hotel rooms and suites and The Address Residences Jumeirah Resort + Spa serviced apartments. The East tower features the residential apartments, The Residences Jumeirah Dubai, Managed by The Address.
The Address Residences Jumeirah Resort + Spa are fully serviced by The Address Hotels + Resorts, the flagship hotel brand of Emaar Hospitality Group. The serviced residences’ interiors are inspired by a ‘La Dolce Vita’ theme, a relaxed atmosphere offering plenty of natural light with exquisite views of its surroundings.
The luxury apartments have high-quality fixtures, state-of-the-art entertainment and telecom connectivity. Residents will also have access to more than 100 meters of direct beach access and several food & beverage concepts within The Address Jumeirah Resort + Spa including the lounge at the top level and a signature Sky Restaurant.
Easy payment plans are offered, with a dedicated team of Hamptons’ property experts to guide the customers through the entire process. Customers can also visit the dedicated promotional stand set up by Hamptons at The Beach Walk, close to Reel Cinemas at The Beach to gain more information on the project and also register their interest.
For further information on the project customers can visit www.theaddressjumeirah.ae or the sales office at The Address Dubai Marina. For more details, contact Hamptons International offices in the UAE on 800 Hamptons (800 4267 8667) or email: firstname.lastname@example.org.