{"id":10421,"date":"2019-01-09T15:24:47","date_gmt":"2019-01-09T11:24:47","guid":{"rendered":"http:\/\/www.middleeastevents.com\/blog\/?p=10421"},"modified":"2019-01-09T15:24:47","modified_gmt":"2019-01-09T11:24:47","slug":"seven-tides-breaks-ground-on-se7en-city-jlt-worth-over-aed1-billion","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/seven-tides-breaks-ground-on-se7en-city-jlt-worth-over-aed1-billion\/","title":{"rendered":"Seven Tides Breaks Ground On SE7EN City JLT Worth Over AED1 Billion"},"content":{"rendered":"

UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides<\/a> has broken ground on SE7EN City JLT<\/a>, its first mixed-used development in Jumeirah Lake Towers (JLT), in Dubai.<\/p>\n

The project, valued at over AED1 billion and due for completion during Q2 2021, completely sold out phase one in less than a week following its launch in May 2018 \u2013 selling 661 apartments, valued at AED 301,863,775 million, sales now total over 800 units.<\/p>\n

\u201cTo sell out phase one of our project in less than one week is remarkable, particularly given the tough trading conditions many developers are facing,\u201d said Abdulla Bin Sulayem, CEO, Seven Tides.<\/p>\n

\u201cWe are offering excellent value at a competitive price point. In addition, we offer a very attractive easy payment option consisting of a 5% deposit, followed by payments equal to 6% of the cost price to be paid every subsequent quarter. We estimate that studios should yield 12% per annum.\u201d<\/p>\n

Spread across 3.5 million square feet and situated within Cluster Z in DMCC, opposite the Montgomery and Emirates\u2019 golf courses and the Emirates Hills community \u2013 the development is made up of 2,744 units \u2013 with its residential element consisting of 2,617 studio, one, two and three-bedroom apartments as well as a limited number of duplex apartments, plus 78 hotel rooms.<\/p>\n

The striking design sits upon a common podium, which plays host to promenade restaurants overlooking a lake. The tower also features a gym, health club, infinity pool, children\u2019s pool, a roof garden, cafes, other dining options, a large retail offering featuring 48 retail shops, covering 150,000 sqft over three floors, which will include a hypermarket, as well as car parking spaces totalling 2,718, with an additional 620 spaces dedicated to retail parking, including valet.<\/p>\n

Studio apartments start from AED 354,000, ranging in size from 384sqft to 416sqft, while one-bedroom apartments start at AED 683,000 and range in size from a minimum of 739sqft to a maximum of 800sqft. Prices of two-bedroom apartments start at AED 992,000 and the size is 1,073sqft. Finally, the entry price for three-bedroom apartments starts at AED 1.40 million and vary in size from 1,516sqft to 1,521sqft.<\/p>\n

Bin Sulayem, added: \u201cSE7EN CITY JLT is designed to provide everything a resident might possibly want, with various retail options, entertainment, food and beverage outlets, gym and a health club. However, when residents do venture outside, they\u2019ll still be able to enjoy the urban vibe, with the excitement and fast-paced, hustle and bustle of city life, right on their doorstep.\u201d<\/p>\n

\"\"\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has broken ground on SE7EN City JLT, its first mixed-used development in Jumeirah Lake Towers (JLT), in Dubai. The project, valued at over AED1 billion and due for completion during Q2 2021, completely sold out phase one in less than a week following its launch […]<\/p>\n","protected":false},"author":1,"featured_media":10423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/10421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=10421"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/10421\/revisions"}],"predecessor-version":[{"id":10424,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/10421\/revisions\/10424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/10423"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=10421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=10421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=10421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}