Leading International Property Consultancy LH1 Global has introduced The Sail, a spectacular flagship development with a GDV of approximately AED5.5 billion, delivered by the award-winning real estate developer Sheng Tai International, to the world at an exclusive event in Dubai.
Hosted by LH1 Global founders Ben and Rayna Hunter and Sheng Tai International Directors for The Sail, John Tan and Stephanie Teow, the event saw over 150 guests witness the global reveal of a prime collection of apartments, penthouses, and suites.
A mixture of agents, investors, and the press attended, and international sales are now live. Moving forward, LH1 Global will be commencing 1-2-1 presentations by appointment, with further international events expected.
Reaching as high as the Eiffel Tower, The Sail measures 325 metres at its tallest point. Its nine design-driven towers interlink, resembling a majestic ship fleet, making it one of the most recognisable buildings in the world.
The Sail will also be home to the first Karl Lagerfeld Hotel Tower and Branded Residences in Southeast Asia and the first of its kind in Malaysia. The first phase of luxury homes, now available exclusively through LH1 Global, are situated in the impressive Bay 3 and M Tower.
Ranging in price from AED566,000 to AED1.299 million, a selection of one, two, and three-bedroom units are now available within Bay 3, offering an exceptional opportunity to own a piece of history in the making. These units also benefit from assured net rental yields of 6% and an expected 64% Return on Investment (ROI) over an 11-year period.
Perfect for ambitious investors, a range of hotel suites are available to secure in the striking M Tower, priced from AED936,000 to AED1.918 million. Rental returns include a 7% net rental return and an estimated 84% ROI over 12 years.
Full completion of The Sail is a ten-year build programme. At this stage, purchasers are offered the opportunity to opt into a “Buy Back” option (triggered in years 11 for Bay 3 and 12 for M Tower). Sheng Tai International commits to reacquire the unit for 100% of the original price paid, providing the comfort of a predetermined exit strategy.
Rayna Hunter, CEO of LH1 Global, commented: “The launch of The Sail was a major success and Dubai was the perfect location to announce its position on the world stage. The market here is booming, with the great and good of the luxury property world all based here or regularly visiting. Once complete, The Sail will be an icon on a par with some of the landmark buildings of London, New York and Dubai, so there is no better place to reach ambitious investors looking for the next big thing.”
Breaking Several Records, The Sail Will Comprise:
- The world’s longest infinity pool.
- The most giant sky ring linking nine towers.
- Two iconic venues: The Seashell & Skyscraper Theatre.
- Melaka’s first retail duty-free zone.
The breath-taking luxury complex will showcase a magnificent multiplicity of unrivalled features for residents to indulge in, including a 6-star hotel, its very own spectacular high street, an exquisite shopping mall with access to an array of luxury brands, an awe-inspiring events hall, and a grandiose sky garden.
Situated on the Melaka Straits, the second busiest shipping lane in the world, The Sail is set within a 27.5-acre site. However, it expands across a larger plot of 166 acres known as The City of Hope, which will be an attractive, ultra-prime waterside destination.
The City of Hope will be home to the new central business district, enhanced port improvements, high-end new homes, and technology parks, focusing on fashion, wellness, artificial intelligence (AI), arts and culture – transforming Melaka into an international city and melting pot.
More Great Dubai Route Stories
Charting New Courses: Experienced Michael Loizou Spearheads Troon International’s Strategic Leap
Tech Stocks Plunge a Golden Opportunity?
Empowering the World: PAY10, the Fintech Phenomenon Goes Global
AI Hacking of March Madness Betting to Cost US Companies Record Amounts in 2024
Exploring the Legacy of Sheikh Zayed: Zayed National Museum Research Fund Recipients Revealed
Stay Ahead of the Curve
Unlock the GCC's Leading Source of Business and Analysis
Dubai Route Group provides innovative marketing and advertising solutions to support an advertiser's specific campaign objectives. Customized programs leverage the best of Dubairoute.com.
Contact our sales team today at info@dubairoute.com to see how we can help you with your custom advertising solutions. Please include a contact number so you can speak to our sales team.
Disclaimer
Global Business, Financial News, Market Data, and Analysis published here are delayed 24 hours. All the published information, analyses, and conclusions are based (unless sourced otherwise) on exterior details and Dubai Route Group's experts' judgment. They are intended as guides only and should not be construed as definitive forecasts or guarantees of future performance or results. Any person, including Dubai Route Group or its affiliates and their respective officers, employees, or agents, accepts no liability for errors or omissions.
For all the latest lifestyle news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook, and follow us on Instagram, which is updated daily.