Drama On The Palm Jumeirah Comes Good

The Palm Jumeirah Dubai makes for good theatre. Ever since the development was unveiled to an unsuspecting audience five years ago, it has provided all the ingredients for a real good TV drama. There was the initial excitement about being able to own a property in Dubai irrespective of ones nationality, followed by the killing that many made speculating on the Palm signature villas in the initial boom period for the real estate market here.

The Palm was the single determining factor in propelling Dubai’s claims onto a global platform, which can be easily gauged by the sheer number of UK investors who rode into town and headed directly for the Nakheel sales office. Other Nationalities took their lead and the Palm was the hottest prospect this side of Cannes.

Then, as in any good drama, The Palm Jumeirahs fortunes seemed to take a dive. Concerns were aired about the delays that were creeping into the project as a whole, mishaps occurring on site, and the rumours mills started working overtime in the immediate period after the Tsunami in late 2004 in Thailand. It seemed for a time that The Palm Jumeriah was getting caught up in a maelstrom that wanted to undermine all the gains made before.

And guess what next, things turned around for the master developer Nakheel in a big was once the first residents started to move in by late 2006 putting curtains up and chair on balconies, amazing but true. The first impressions were informally positive and that was enough for momentum to build up once again.

But this is one star studded show that is not about to draw the curtains just yet and certainly not anytime soon! The premiums are on the up and in quite some fashion, investors are still looking to pick up villas at the right prices and do a quick flip on the property in a matter of weeks and months.

For more information and to buy or sell on either Palm Jumeirah or Palm Jebel Ali, we will be more than happy to assist feel free to 

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