Trading on Dubai Palm probably fared strongest through the crash in the Dubai Property market, Very much properties prices tumbled and many property investor saw the chance to purchase once unobtainable villas and apartments left most exclusively for the rich and famous.
Having a villa or apartment with a beach front location as always been very popular and demanded a premium whilst Dubai as many exclusive and luxury Villas only Palm Jumeirah can supply true beachfront properties.
Villas Prices peaked in 2008 and then proceeded to plummet by approximately 50% in the early months of 2009, whilst trading remained active many distressed properties were appearing with Garden Homes selling for as low as 6m aed and Signature villas as low as 9.8m aed all villas were all low number within the fronds which are less desirable and some were lacking in landscaping and often recently been tenanted and required re-instatement to a suitable property standard.
Now the distress sales have gone and property investors or residential property purchaser are looking for properties with a longer term approach. Garden homes have now rising in price in a little over 6 months to 8m aed for a Garden Home Villa and around 14m aed for a Signature Villas still a very tidy property investment for the individual who looked with foresight to investing in the longer term vision.
Still properties remain good value and property prices will rise very much linked to the availability of financing as banks regain confidence and mortgages criteria becomes more lenient
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