Malaysia set to reveal towering landmark surpassing Burj Al Arab

Malaysia set to reveal towering landmark surpassing Burj Al Arab

Post by : Raina Mansoor

April 20, 2024 3:37 p.m. 6323

Leading international property consultancy LH1 Global has announced the upcoming launch of one of South East Asia’s most iconic buildings, The Sail, set to take place next week in Malaysia. The spectacular flagship project, developed by Sheng Tai International, will be unveiled at an exclusive event in Atelier M Lounge, Dubai Marina, on April 24.

Standing at a towering height of 325 meters, The Sail will surpass the grandeur of the Burj Al Arab and match the iconic stature of the Eiffel Tower. Comprising nine linked towers resembling a majestic fleet of ships, it is poised to become one of the most recognizable landmarks globally, according to the consultancy.

Notably, The Sail will host the inaugural Karl Lagerfeld Hotel Tower and Branded Residences in South East Asia, marking a significant milestone in Malaysia's real estate landscape.

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The first phase of luxury residences, exclusively available through LH1 Global, will be situated in the impressive Bay 3 and M Tower. These luxury homes, priced between AED566,000 to AED1.3 million ($154,100 to $353,939), offer investors a unique opportunity to own a part of history while enjoying guaranteed rental yields of 6% and an expected 64% Return on Investment (ROI) over a 12-year period.

Furthermore, investors can explore a range of hotel suites within the striking M Tower, with prices starting from AED936,000 onwards. These hotel suites promise rental returns of 7% and an estimated ROI of 84% over 12 years, providing an attractive investment proposition, as highlighted by the consultancy.

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