Palm Jumeirah Villas Demand & Selling Prices — Q1 2016
In the third quarter we witnessed a slowdown in the number of transactions for the villas on Palm Jumeirah, Dubai. This was mainly due to a lower demand for high-end properties, in comparison to mid-end villas, leading as well to lower average sale rates. That being said, we can see in the last quarter how demand was steadily increasing as well as the average sale rate. Palm Jumeirah has always been a unique project in terms of statistics and numbers. Our graph indicates a general study, however to be able to provide more accurate statistics and numbers, this area will require a more in depth analysis. The reason for this would be that two typical villas with the same layout and size could vary in the price range of up to 50% difference, merely because of the location distinction, view or upgraded features that one might have.
Palm Jumeirah is one of the biggest man made island develped 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.
Palm Jumeirah Sales Transactions