As part of a pioneering initiative for real estate in the United Arab Emirates, lead developer World of Wonders Real Estate Development (WOW RED) has announced the launch of fractional ownership in its stunning new luxury project, SLS Dubai Hotel & Residential homes. For the first time in the United Arab Emirates, fractional ownership is offered with guaranteed net returns and individual certificates of ownership. With investments starting at AED 460,000, this is a unique opportunity for local investors and exhibition participants from around the world to diversify their portfolios 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 real estate investing in the UAE as a safe and feasible way to invest in the sector, offering a whole new class of investment assets.
SLS timeshare is unique in that, unlike those that offer traditional timeshares or co-ownership, it offers an individual certificate of ownership for each fraction. These can be resold without obtaining NOCs from other fraction owners.
At a fraction of its cost and a low entry price for a luxury asset, such a fractional ownership model allows for secure annual returns and the potential for higher capital appreciation, all thanks to performance. outstanding achievements already proven by SLS Dubai.
Yahya Alkan, CEO of WOW RED, said: “The fractional ownership investment at SLS Hotel & Residences is a revolutionary initiative for the region, as we are making luxury real estate investments more accessible to more regional and international investors, in particular the EXPO 2020 participants from around the world who constitute one of the main audiences. As Expo 2020 visitors are staying longer to experience what Dubai has to offer, this would be a great hassle-free investment opportunity for them. With our innovative and inclusive fractional ownership model, investors enjoy flexibility, peace of mind and a vacation home in a world-class luxury development near the Burj Khalifa – a global icon.
The new SLS Hotel & Residences, strategically located in the vibrant Burj Khalifa district, is one of the tallest hotels and residences in the region. Operated by the Accor group, the 75-storey tower has 254 hotel rooms, 371 residential units and 321 apartment-hotels. The development features 75-story infinity pools, with stunning views of the Burj Khalifa. A lavish sky lobby on the 71st floor offers a luxury lounge and bar with panoramic views of the glittering skyline of Dubai.