SLS Dubai Hotels & Residences for Sale and Guaranteed 7% ROI

One of the tallest hotels in the world, the SLS Dubai Hotels & Residences, has just announced a brand new offer for prospective real estate investors. Now buyers have the exclusive opportunity to avail a guaranteed 7% ROI on a property in the luxury development for an extended period of 10 years. SLS Dubai Hotels & Residences, set in the covetous area of Business Bay, near the iconic Burj Khalifa, was successfully completed in Q2 2021, which means you will be able to generate an excellent income almost immediately after having acquired a residence.

Operated by SBE Entertainment Group, the supertall hotel which includes sophisticated interiors by Paul Bishop of Bishop Design, offers 371 branded apartments and 321 hotel apartments, on top of 254 suites. Each apartment in SLS Dubai Hotels & Residences features premium European fixtures and fittings from some of the most well-known brands, including Franke of Germany, Villeroy & Boch and Electrolux. In terms of residence amenities, there are 2 infinity pools on the 75th floor, a sky lobby, a spa with 7 treatment rooms, 2 outdoor terraces and much more, allowing for a luxury lifestyle experience. Of course, bespoke 5-star a la carte services are also provided, such as housekeeping, babysitting, dry cleaning and business center services, among others.

According to Gulf Business, the Expo 2020 residency and the city’s successful handling of the COVID-19 pandemic means that short-term rentals in Dubai are on the rise, with occupancy rates having increased by 32% from December 2020 to December 2021. Moreover, ADR rose by 15-28% and the average month-on-month occupancy grew to a whopping 94%. That being said, Business Bay was one of the most in-demand locations for rentals, and witnessed a Y-o-Y increase of 9% last year (2021) due to its close proximity to multiple world-famous attractions, as well as its well-developed business infrastructure. In line with the 2040 Urban Master Plan Dubai, Business Bay together with Downtown Dubai, plans to become a thriving financial hub, which is expected to contribute to a further rise in the demand for short-term rentals of hotel apartments in this area among business professionals and entrepreneurs in particular.