- With fractional ownership, investors can diversify their portfolio into luxury real estate, with a one-of-a-kind individual certificate of ownership and guaranteed annual net returns as well as SLS lifestyle benefits.For high resolution images:
Dubai, United Arab Emirates: As part of a pioneering initiative for real estate in the United Arab Emirates, leading developer World of Wonders Real Estate Development (WOW RED) has announced the launch of fractional ownership in its new luxury project breathtaking, SLS Dubai Hotel & Residences. 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 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 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 timeshare 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 at 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 from 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.
SLS Dubai Hotel & Residences is designed by award-winning architects Aedas and interior designer Paul Bishop. The developer WOW RED is a subsidiary of the MAPA group, a leading multinational with four decades of success and more than 200 projects around the world.
About World of Wonders:
World of Wonders Real Estate Development (WOWRED) is a private developer of globally integrated communities. The company’s vision is to design unique 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 first 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 world leader in hotel developers, where the brand has launched and successfully managed a wide range of hotels and holiday villages. This foundation and track record of successful delivery in the hospitality industry will be the cornerstone of the company’s strategy to achieve a global range of mixed-use projects.
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© Press release 2022