Watch: Over 500 property brokers queue up overnight in Dubai to buy Palm Jebel Ali villas

Nakheel Properties launched the second phase of Palm Jebel Ali villas on Wednesday, which again saw a massive demand from real estate brokers and investors, with hundreds of people turning up a night before the launch.

Dubai’s master developer said on its social media account on Tuesday that it would release “a limited collection of Phase 2 villas” on the upcoming Palm Jebel Ali on Wednesday.

Farooq Syed : CEO of Springfield Properties

The first phase of the villas was rolled out a week ago, which saw hundreds of real estate brokers crowding the developer’s sales office ahead of its launch. The properties were sold out within a few hours of the launch, and soon, they were trading in the secondary market at a much higher premium.