Luxury tower SLS Dubai Hotel & Residences launches ‘fractional ownership’ for investors

  • With condominiums, investors can diversify their portfolio into luxury real estate, with one-of-a-kind individual ownership certificate and guaranteed net annual returns plus SLS lifestyle benefits.For high resolution images:

Dubai, UAE: In a pioneering initiative for real estate in the UAE, leading developer World of Wonders Real Estate Development (WOW RED) has announced the launch of condominiums in its stunning new luxury project, SLS Dubai Hotel & Residential homes. For the first time in the UAE, condominium is offered with guaranteed net returns and certificates of individual ownership. With investments starting at AED 460,000, this is a unique opportunity for local investors and exhibition attendees from around the world to diversify their portfolio and own luxury real estate in a globally recognized brand.

Fractional ownership is an attractive opportunity for investors who prefer other asset classes and want to add real estate to their portfolio. With this product, SLS Dubai is poised to revolutionize property investment in the UAE as a safe and feasible way to invest in the sector, offering a whole new class of investment asset.

SLS Condominium is unique in that, unlike those that offer timeshare or traditional condominium ownership, it offers an individual ownership certificate for each fraction. These can be resold without getting NOC from other fraction owners.

At a fraction of its cost and low entry price for a luxury asset, such a condominium model allows for secure annual returns and potential for higher capital value appreciation, all thanks to the outstanding performance already from SLS Dubai.

Yahya Alkan, CEO of WOW RED, said, “The timeshare investment at SLS Hotel & Residences is a game-changing initiative for the region, as we make luxury property investment more accessible to more regional and international investors, especially EXPO 2020 attendees from around the world who are one of the key audiences. As Expo 2020 visitors stay longer to experience what Dubai has to offer, this would be a great hassle-free investment opportunity for them. Through our innovative and inclusive condominium model, investors benefit from flexibility, peace of mind and a vacation home in a world-class luxury development in close proximity to the Burj Khalifa – a global icon.

The new SLS Hotel & Residences, strategically located in the vibrant Burj Khalifa area, is one of the tallest hotels and residences in the area. Operated by the Accor group, the 75-storey tower has 254 hotel rooms, 371 residential units and 321 hotel apartments. The development features 75-story infinity pools, with stunning views of the Burj Khalifa. A lavish lobby on the 71st floor offers a luxury lounge and bar with panoramic views of Dubai’s glittering skyline.

The SLS Dubai Hotel & Residences was designed by award-winning architects Aedas and interior designer Paul Bishop. The WOW RED developer is a subsidiary of the MAPA Group, a leading multinational with four decades of success and more than 200 projects around the world.

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About Wonderland:

World of Wonders Real Estate Development (WOWRED) is a private developer of globally integrated communities. The company’s vision is to design singular lifestyle experiences for discerning residents in a series of world-class branded destinations in major cities around the world. With the ambition to be the preeminent choice in the real estate industry for investors, operating brands and residents, World of Wonders Real Estate Development places great importance on quality and excellence. WOWRED is a subsidiary of the MAPA Group, a leading multinational with four decades of success and more than 200 projects around the world.

World of Wonders brings its long experience to the region as a global leader in hotel development, where the brand has successfully launched and managed a wide range of hotels and resorts. This foundation and track record of successful delivery in the hospitality industry will be the cornerstone of the company’s strategy to deliver a global range of mixed-use projects.

For media inquiries, please contact:
Paul Estorffe
Public relations consultant
paul@kconsultancy.ae

© Press Release 2022


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