Why the rich are lining up to own property on Dubai's Palm Jebel Ali

  • Khaleej Times
570

Long queues of property agents at the launch of villas by Nakheel at Palm Jebel Ali last week reminded us of similar queues that used to be formed during the first property boom in Dubai in the pre-global financial crisis of 2008-09. This proves that Dubai’s property market has not lost its steam and the ongoing rally will go a long way.

 

It is not just a high return on investment or capital appreciation that is attracting the richest of the rich, but owning property on Palm Jebel Ali carries a certain prestige, too, due to its association with luxury and exclusivity and large sizes of plots. Therefore, it is a win-win game for investors and end-users in the short and long terms.

 

 

Earlier this year, the Dubai government revealed a masterplan for the Palm Jebel Ali which would add 110km of coastline and house more than 80 hotels and resorts. It would be double the size of Palm Jumeirah.

  • Khaleej Times

You can go to the source of the publication and read it in full

Recent media posts

Compare Listings

Get in Touch

Download Brochure of Why the rich are lining up to own property on Dubai's Palm Jebel Ali
Please enable JavaScript in your browser to complete this form.

* By Submitting you confirm that you’ve read and accepted the privacy policy and terms and conditions.

Thank you for your submission

Get Brochure/Floorplan