Are You Considering To Invest In Hard Rock?
Did you know?
Hard Rock, a brand best known globally for its chain of cafes “Hard Rock Café”, turned out to also be the international network of hotels, resorts and casinos.The group already opened and currently maintains 145 cafes, 21 hotels and 10 casinos in 59 countries around the world!
And of course, having such a renowned name globally, Hard Rock could not pass by the most iconic and prestigious spot on the map – Dubai. But Hard Rock would not be “Hard Rock” if it ventured just an ordinary hotel, one among many in this cosmopolitan place.
Dubai is best known for its unique architecture, skyscrapers and a “can do” attitude. The world’s tallest hotel, tallest building, largest shopping mall, they are all located in Dubai, and it is far from the point when the locals are planning to stop. Dubai is the heaven of any architect, the crazier the idea is, the more likely it is to be approved by the local authorities for further development and construction.
Marina 101 – is the current “crazy” project in development in Dubai! Once the construction is over, which is scheduled to be in the next few months, Marina 101 will be the tallest residential building in the world and the second tallest building in Dubai, right after Burj Khalifa!
Three major companies, a recognized brand “Hard Rock International”, a multi-billion investment company from Abu Dhabi “Abu Dhabi Financial Group” (ADFG) and a leading developer from UAE “Sheffield Holdings”, join together in the opening of a new hotel – “Hard Rock Hotel Dubai Marina”. Housed in the wonderful Marina 101 development, set in the highly popular Marina neighborhood, the hotel is scheduled to open in the third quarter of 2015 and will be managed by Hard Rock International. The first 33 flours of this iconic building will be occupied by 281 hotel rooms, next 67 floors are provided for hotel apartments, and the top floor will be allocated, of course, to the famous Hard Rock café, a club lounge and a restaurant with the brand’s unique world-class entertainment.
Chief executive officer of Hard Rock International, Hamish Dodds said the following on this occasion: “We are excited to announce the opening of Hard Rock Hotel Dubai Marina, especially with such partners as the ADFG. It’s an on-going project, where we keep expanding the Hard Rock Hotels portfolio and it is especially nice to have our hotel product in a place in the world, where our cafe brand is already known and accepted”.
“We are so happy to do this at a time, when tourism in Dubai is growing rapidly. We have been looking for an internationally recognized partner, a hotel to be placed with the same spirit its destination represented and then we found all we were looking for in our partnership with Hard Rock”, adds chief executive officer of Abu Dhabi Financial Group Jassim Alseddiqi.
Live music performances, The Rock Spa®, a unique amenity of Hard Rocks, with its newly opened Rhythm & Motion spa menu and the Body Rock® fitness club will welcome the guests of the Hard Rock Hotel Dubai Marina on the red carpet ceremony. Guests will have a vast choice of the best cuisine and entertainment. In addition to all that, the hotel will offer a space for meetings and events, including an outside terrace at lobby level and a lounge area on the 101st floor. Hear a great music choice, a world-renowned Rock Shop® with Hard Rock’s symbolic merchandise and the universal music amenity program of the company “The Sound of Your Stay®” will await – all this exclusively for the guests of the hotel.
All of that, makes this venture a unique investment opportunity! All of the hotel suites are already sold out and most of the apartments are as well. However, there are still a few available, but not for too long. An interested investor has a selection of hotel apartments to purchase (different floors: from 34 to 100; from studio to 3 bedroom). The average return on investment is expected to be about 8% per year, with the lowest market rate on Marina area of 6%, which makes this project rather profitable. An investor also does not have to worry about the maintenance of its asset; the management company will take care of it all. Moreover, the owner has a privilege to stay in his apartment for 21 days a year himself, using all the hotel amenities!
What a great, headache-free investment option, with extra pleasant bonuses!
If you are looking for new investment opportunities, we at OLIESERVE think that real estate is one of the best choices. The UAE region is growing every month and offering a lot of great projects, not to mention the fast approaching EXPO 2020. Some of them can even guarantee you an exact profit that you will receive – not a lot of companies do that.
Soon enough we will publish more information about interesting projects in the UAE. In the meantime please do not hesitate to contact us directly if you have an interest in real estate in Dubai.