Dubai: Palm Jebel Ali gains interest from long-term investors
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Zawya
- Published on
14
It was the top-performing area in the emirate in terms of last year’s fourth-quarter sales
Palm Jebel Ali is increasingly gaining interest from long-term investors, standing out as the top-performing area in Dubai in terms of last year’s fourth-quarter sales.
Industry executives say that investors are selling their units at premiums of up to 10 per cent to cash in on the gains following the three-year rally in the local property market. Following the success of Palm Jumeirah, Palm Jebel Ali is billed to be one of the next big destinations sought after by millionaires and billionaires in Dubai.
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Zawya
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