Selling on the Palms Dubai real estate

Is there ever going to be a good time to sell your property on Palm Jumeirah or Jebel Ali for that matter? This is the question facing many investors at the moment in Dubai and globally. The question was also put to a Dubai based businessman and real estate investor who recently sold his two properties on the Palm Jumeriah, reaping the rewards and a cool 200% premium gain on the payments he had made on the units up till then, infact it was a Garden Home and a Signature Villa. While there is no denying the ROI, he looks upon the completed transactions a tad wistfully at this moment in time.

"Who know, the sharp increases witnessed on the Palms secondary market and Dubai real estate activity could have pushed the premium beyond 300% or even as much as 400% he said" The Palm Jumeirah is certainly on a roll and anything seems possible these days it`s just knowing when to cash in which is certainly a nice problem to have! At the same time last year, secondary market sales related to the Palm Dubai was absolutely inactive and it did lead to doubts for me. But then came the handover of the residences and shoreline apartments starting in earnest late last year, the scenario changed abruptly. Every month since then has seen a mark up in prices being quoted by real estate agents in Dubai to seal a deal. " In this context , I would still the content with the 200% hike I got - that is still an exceptional sum of money by anyone's standards.

This investor is just one of thousands that were among the first when sales opened at Nakheel on the Palm Jumeriah way way back in 2002. The going price for a villa then was just Dhs 4.6 Million, can you believe it! You cant even get an Arabian Ranches for that these days. Now, it would be difficult to find the same villa for anything less than Dhs 14,000,000.

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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