The premier hospitality and second-home megaproject, which is a part of The World Islands, is getting ready to launch Côte d’Azur Monaco, its first hotel, 4 km off the coast of Dubai.
Dubai’s $5 billion commercial sale of hotel units In an effort to sell all of the project’s remaining units, developer Kleindienst Group is stepping up broker involvement on the island of Heart of Europe.
The premier hospitality and second-home megaproject, which is a part of The World Islands, is getting ready to launch Côte d’Azur Monaco, its first hotel, 4 km off the coast of Dubai.
450 brokers visited the Côte d’Azur Resort and The Heart of Europe during an exclusive three-day event in June 2022 as part of an incentive campaign that offered special commission and sales perks to the brokers. The event also featured presentations and speeches from the company’s top management, who projected a price increase in the following six months.
Brokers invited their most important clients to a sneak peek of the upcoming hotel.
The Côte d’Azur Resort, which has four high-end hotels named after the four most famous cities along the French Riviera coast—Monaco, Nice, Cannes, and St. Tropez—is also almost done and will have 916 apartments ready for people to move into this year.
After that, the developer will finish the project in stages in 2022 and 2023, as the number of tourists from other countries continues to rise in the area.
The Heart of Europe is located in the middle of the man-made World Islands and is spread across six coral-rich islands. In the Arabian Gulf, there is a group of 300 artificial islands called Dubai.
The Department of Tourist and Commerce Marketing (DTCM), which is part of the government of Dubai and is in charge of tourism, gave a 5-star rating to the Côte d’Azur hotel.
According to Kleindienst, the number of hospitality units available to buyers will increase significantly over the next few years, generating 8.33 percent annual rental revenue or a guaranteed 100% return in 12 years.
The cost of the Floating Seahorse Villas and other hospitality facilities has increased fourfold recently, anticipating a further increase in home values shortly once the project is delivered.
The first set of hospitality specialists to serve the hotel guests are presently being hired by Kleindienst Group.
A new sales drive is underway as real estate costs in the UAE rise.
Kleindienst concluded, “This is the right time for the brokers to bring investors to the island and conclude sales and benefit from extra commission and other incentives! For investors, buying a unit at today’s price gives them – in addition to the annual rental income – a high appreciation value that will fetch them a 300 to 400 percent profit when sold later.”