Leading UAE developer Kleindienst Group said commercial sale of hospitality units at The Heart of Europe, the $5 billion prime hospitality and second-home mega-project off the coast of Dubai, is gaining momentum as it intensifies broker engagement to sell out the remaining units of the project.

 

Kleindienst move comes at a time when it is gearing up for the opening of the first hotel – Côte d´Azur Monaco – within the mega development.

 

Set on six coral-rich islands, The Heart of Europe is at the centre of the articially developed the World Dubai – a cluster of 300 man-made islands in the Arabian Gulf four kilometres off Dubai’s Jumeirah coast – that are created in the shape of the six continents to form the world map. 

 

Set at the backdrop of Dubai’s skyline, it is a self-sufficient upscale resort, leisure and second-home destination.

 

Upon completion, Côte d´Azur received a 5-star rating from the Department of Tourism and Commerce Marketing (DTCM), the tourism regulatory authority of the Government of Dubai.

 

Kleindienst said more than 450 real estate brokers, supported by its own sales team, will tour and discover the Heart of Europe island project.

 

The campaign, that offers special commission and sales perks to the brokers, will be held in three days, with 150 brokers and investors touring the Côte d´Azur Monaco each day starting from June 23 to 25 followed by presentations and speeches by the top management of the company with a projected price appreciation in the next six months.

 

"This is a very exciting time for all of us as we prepare to partially open the world’s newest and one of the best island leisure destinations in the world," remarked its Chairman Josef Kleindienst. 

 

"From September this year, international tourists will be able to see something that is absolutely out of the world – a new holiday destination of choice," he noted. 

 

The Heart of Europe will boast several world firsts, including the Rainy Street, where guests will experience on command rain showers as part of an innovative climate control system. At the core of the development’s ‘seahabilitation' programme is the Coral Institute, which is already busy breeding marine life, including coral species, for introduction to the islands. And the destination will also boast one of the largest and sustainable swimming pools in the Middle East, alongside the longest private beach in Dubai.

 

Once complete, The Heart of Europe will be host to at least 4,000 prime hospitality and second home units, including 15 hotels and a community of now world-famous Floating Seahorse Villas, stated Kleindienst.

 

"Hospitality units that are currently offered to the buyers, will jump manifold in the next few years, while fetching 8.33 percent annual rental income or 100 percent return in 12 years that we are guaranteeing," he added.

 

Kleindienst Group is currently in the process of hiring the first group of hospitality professionals to serve the hotel guests. The new sales campaign takes place as prices of properties are going up in the UAE.

 

"So, 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 in today’s price gives them – in addition to the annual rental income – high appreciation value that will fetch them 300 to 400 percent profit when sold later," stated Kleindienst.

 

Monaco, one of the four leisure properties that makes up the Côte d’Azur resort of hotels on the Main Europe Island, part of The Heart of Europe, is scheduled to start receiving hotel guests in September. 

 

Construction of the Côte d’Azur resort that comprises of four upscale hotels each named after the most famous coastal cities along the French Riviera – Monaco, Nice, Cannes and St. Tropez, is also nearing completion and will deliver 992-units when delivered this year. 

 

The developer will then gradually deliver parts of the project in 2022 and 2023, in line with the increase in international tourist arrivals to the region, he added.

 

Highlights include the spectacular jungle-flanked Beach Palaces of Sweden island, Bauhaus-inspired villages of Germany island, Honeymoon Island with its sunset and sunrise beaches, Portofino Hotel and the Côte d’Azur resort.-TradeArabia News Service