Palm Jumeirah Apartments Demand & Selling Prices — Q1 2016
The drop of the demand for apartments in Palm Jumeirah in the Q2 to Q3 of 2015 is very similar to the drop that this area faced in the Q2 to Q3 of 2014. Even the slow increase in the Q4 2014 reached similar numbers as the last quarter of 2015. Palm Jumeirah Apartments price rate has been up and down in the last two years. Since Q3 to Q4 2015 we saw a slow increase in the price rate. For the last few years, the market for Palm Jumeirah has been slowly shifting its buyers from investors to end users.
Palm Jumeirah is one of the biggest man made island developed by Nakheel with a surrounding crescent. Palm Jumeirah is a residential and tourism destination providing thousands of luxury villas and apartments, with many retail elements and amazing hotels. The area of Palm Jumeirah offers wonderful views and outdoor entertainment. Palm Jumeirah looks like a palm tree from above and it was the first development of its kind. Many touring companies provides speedboats or yachts for anybody who wants to sail around the Palm. Shortline, Oceana, Golden Mile, Fairmount are some of the most popular apartments in Palm Jumeirah.
Palm Jumeirah Sales Transactions