Jumeirah Lake Towers brings a sophisticated dimension to Dubai living and the stunning Laguna Tower developed by IFA is superbly located on a water-front location within the development.
Now that all the Mövenpick units have been sold at the developer direct price, the only way to get in on this amazing opportunity is to buy on the resale market.
We have some of the most desirable hotel room units available at a very reasonable premium. Prices and availability are changing daily. For complete and updated information please contact us.
IFA Hotels & Resorts has developed an innovative property investment vehicle that combines hotel ownership with a guaranteed return and strong capital growth potential, introducing Hotel Ownership by IFA Hotels & Resorts. The concept allows investors to buy a fully-furnished, 5-Star branded hotel residence, professionally-managed by the renowned Swiss hotel chain, Mövenpick Hotels & Resorts.
This represents a new opportunity for mid-tier investors to participate in hotel ownership, which has previously been the exclusive domain of high net worth individuals and large corporations.
Investing in hotels may be an attractive alternative for investors wishing to diversify their residential and commercial property portfolios. Hotel investments also act as a hedge against inflation, as hotel values tend to appreciate in line with average room rates, driven by hotel demand.
Understanding The Concept
Branded hotel residences may be new to the Middle East, but 'condominium' or 'sectional' hotels are already a proven concept experiencing rapid growth in the US, the UK and South Africa.
Essentially, private investors purchase freehold hotel residences as an investment, to benefit from the operating income and capital growth. An additional benefit is that the Owner is entitled to 30 days complimentary use of their property during the year.
The Residence is branded and managed by Mövenpick, which covers the day-to-day administration, marketing, servicing and maintenance of the property.
Mövenpick is incentivised to maximize the room rate paid by guests to use the Residence as a regular hotel room. In turn, the Owner receives their share of the hotel's room revenue. Hotels room rates rise with inflation, hence the capital value of the property is expected to rise over the medium term.
There are several key considerations potential buyers of hotel residences need to consider as part of their investment decision:
Dubai's hotel market is one of the strongest and most dynamic internationally, achieving record occupancy levels and room rate growth
Choice of Hotel Operator
In Mövenpick, IFA has selected an experienced, well-respected Swiss hotel management company, already well-established in the region
Location, Location, Location!
The hotel is located close to Dubai's leading attractions and landmarks, including the Palm Jumeirah, Dubai Marina, Ibn Battuta Mall, Ski Dubai, Emirates Golf Club and of course Dubai's pristine, sandy beaches
IFA's Hotel Ownership concept delivers owners 50% of the hotel's room revenue, with no deductions - we estimate this to be in excess of 8% Return on Investment after the guarantee period
Capital Growth Potential
Capital values of hotels rise in proportion to room rates - given stable occupancy levels, this could be considerable over the medium term
Investors are able to crystallize the value of their investment at any time after completion and the opening of the hotel
Maintenance and Repairs
All maintenance and repairs of running the hotel residence are managed by Mövenpick
Providing all the comforts and amenities that you would expect of an IFA development, Laguna Tower delivers leading edge design. The 5-Star Mövenpick Hotel & Residence will have lush green landscaping in its immediate proximity, a children's play area to enhance the vibrant community atmosphere, and easy access to miles of waterside walkways.
Built in a pivotal and commanding location at the head of Jumeirah Lake Towers, the majority of apartments and hotel rooms at the 40-storey Laguna Tower will enjoy fabulous lake or sea views.
Laguna Tower will incorporate a health centre and spa with gymnasium and aerobics studio, swimming pool with Jacuzzi, elegant reception area, 24-hour security and two levels of basement parking. Mövenpick will offer a range of restaurants and retail outlets including a coffee shop, all-day dining restaurant, wine cellar and themed bar, private dining facilities and function rooms.
State-of-the-art technology offers residents and guests the very best in luxury living.