Abu Dhabi: Luxury residential and hospitality property developer Seven Tides has launched a new five-year payment plan for Anantara The Palm Dubai Residences, it was announced on Sunday.

Potential buyers can purchase ready-to-move-in properties in the luxury development with a deposit of 20 per cent of the total sales price. A further 5 per cent would be paid every quarter thereafter, starting 12 months from the date of the initial reservation agreement.

Of the original 449 units, there are now only 160 left which consist of one and two bedroom apartments. The one bedroom apartments range in size from 1,156 sq ft to 1,560 sq ft and start at Dh2,730,000; while two bedroom apartments, 1,774 sqft to 2.248 sqft, are priced from Dh3,990,000.