2011 was a good year for Palm villas as they appreciated considerably in value. On average garden homes and signature villas rose by upto 25% with Canal Coves also looking at a 20% improvement.
The Palm offers beachfronted property in a sector of the market that has restricted supply. This supply of well located property is not going to improve any time soon as the chairman of Nakheel , Ali Lootah, announced today that jabel ali and Deira are long term projects and will not be developed 'any time soon'.
Good news for Palm Jumeirah but ultimately the market needs more choice. At some point prices will look 'frothy' on the Palm Jumeirah and it will be intersting to see how far they can rise. One thing is certain though - prices on Palm Jumeirah will rise in 2012.
Showing posts with label palm sales. Show all posts
Showing posts with label palm sales. Show all posts
06 January, 2012
31 March, 2009
Blood on the Streets
I always try to keep my nose pretty clean but when CID walk into your office in the middle of the afternoon there is that moment of panic that washes over you.
CID in Dubai are very polite and immediately explained their visit stating that they were investigating an act of violence and needed to know if they could check our guest list of vacation homes over the past few days.
Naturally we obliged and after 10 minutes they were satisfied that we would not be able to help as they were looking for a particular nationality and none of our guests fitted the bill.
It seems that a Chechen has been murdered in Dubai Marina last week and yet to be confirmed but some ugliness on the Palm which may be related.
Working on the Palm for a living is one of those perks I will never grow tired of but all of a sudden my little piece of Paradise has just been infiltrated by reality.
Two bits of advice for you. 1. Keep your nose clean and avoid the panic attacks 2. If you are planning on assassinating anyone in Dubai don't book a snipers pad with us as the police are our best friends!! ( You can check the gory details out on the bbc website)
CID in Dubai are very polite and immediately explained their visit stating that they were investigating an act of violence and needed to know if they could check our guest list of vacation homes over the past few days.
Naturally we obliged and after 10 minutes they were satisfied that we would not be able to help as they were looking for a particular nationality and none of our guests fitted the bill.
It seems that a Chechen has been murdered in Dubai Marina last week and yet to be confirmed but some ugliness on the Palm which may be related.
Working on the Palm for a living is one of those perks I will never grow tired of but all of a sudden my little piece of Paradise has just been infiltrated by reality.
Two bits of advice for you. 1. Keep your nose clean and avoid the panic attacks 2. If you are planning on assassinating anyone in Dubai don't book a snipers pad with us as the police are our best friends!! ( You can check the gory details out on the bbc website)
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