World of Wonders Real Estate Development (WOW RED), a privately-owned developer community globally, as part of its pioneering initiatives for UAE real estate has launched the facility for fractional ownership at their new luxury project, SLS Dubai Hotel & Residences.
With investments starting at $125,239, this is a unique opportunity for local investors and Expo attendees from across the globe to diversify their portfolios and own luxury real estate in a globally recognized brand. For the first time in the UAE, fractional ownership is being offered along with guaranteed net returns and individual ownership certificates.
Fractional ownership is an attractive opportunity for investors who prefer other asset classes and would like to add real estate to their portfolios. With this product, SLS Dubai is set to revolutionize property investments in the UAE as a safe and feasible way to invest in the sector, offering a whole new investment asset class.
Yahya Alkan CEO – WOW RED
“The fractional ownership investment at SLS Hotel & Residences is a groundbreaking initiative for the region, as we are making luxury real estate investments more accessible to more regional and international investors, especially Expo 2020 attendees from across the globe who make up one of the major 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.”
SLS fractional ownership is unique in that, unlike those who offer time-share or traditional joint ownership, it offers an individual ownership certificate for each fraction. These can be re-sold without obtaining NOC from other fraction owners. At a fraction of its cost and low entry price for a luxury asset, such a fractional ownership model enables secured annual returns and potential for higher capital value appreciation.
The new SLS Hotel & Residences, strategically located in the city’s buzzing 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 hotel apartments. The development features infinity pools, with stunning views of the Burj Khalifa. An opulent sky lobby on the 71st floor offers a deluxe lounge and bar with panoramic views.
