Palm Jebel Ali

[Billa007]

Im looking to buy a garden home on Jebel Ali. Now im coming to complete ive been told there is a 726,000AED build cost on a Med villa to pay?

Is this correct? Is now right time to invest in Palm Jebel Ali or have prices peaked for at least a year.

Id like to hear all experiences of Palm Jebel Ali. Completion by end 2010?

[bclague]

Hi Billa007

I have owned a Signature Villa on Palm Jebel Ali since 2003.. We have now paid 30% to Nakheel with expected completion in 2010/11..

My plan is to take it all the way to completion and then sell or rent it - hopefully prices at that point will be similar to what we've seen on palm jumerah.

I'm interest to hear from anyone who can inform on whether the global credit crunch is likely to have an impact on this kind of property or has info on current values - projected values etc...

Thanks

[Hamidss]

I have a 4Bed Townhouse in Frond P front row of Palm Jebel Ali.
Direct access to Beach. Good Price quick Sale
Interested? send email to hamidss at hotmail
Contact 00447710540730

[pinky]

The prices have dropped. I should know I am selling one of two water homes, I have dropped its price by about 20% in the last 4 weeks.

Like Bclague I want to take one all the way. IMHO it will outperform PJ. It has more to offer as a holiday destination and holiday lets always get better returns than long term rental.

I beleive that prices will start to rise after the december payment. Currently alot of stretched investors are trying to offload before parting with more money

[Doobedoo]

Originally Posted by pinky

The prices have dropped. I should know I am selling one of two water homes, I have dropped its price by about 20% in the last 4 weeks.

Like Bclague I want to take one all the way. IMHO it will outperform PJ. It has more to offer as a holiday destination and holiday lets always get better returns than long term rental.

I beleive that prices will start to rise after the december payment. Currently alot of stretched investors are trying to offload before parting with more money

Hi Pinky, can you give me an idea of the current price for the water homes and how location effects price?

Thanks

[pinky]

Hi Doobedo

As I understand. Crescent A is likely to be the most superior of the 2 crescents because of the proximity to the new waterfront. I guess its down to personal preference but I have routinely seen water homes on Crescent E at a cheaper price. Particularly the inside edge.
IMHO the top outside edge of Crescent A would be a great spot to have. After that anything on the outer edge of crescent A with end homes having an advantage. This is backed up on a you tube video which certainly suggests this side of the crescent to be the most prestigous.

At the moment I think that investors who have been flipping property are less discerning about location. As the completion date becomes more visible I think that this will change and location will be key in obtaining the better price.

[ngn97141]

I have a Palm Jebel Ali Garden Home for Sale
Size 5000 sqft
Gross 6500 sqft
Op 3.15M
Sp 5M
20% paid

NOW THATS THE CHEAPEST VILLA OUT THERE FOR GRABS !! 60% premium if I calculated that right !!

contact me at
ngn97141 at eim dot ae
0506553654

[james8888]

Originally Posted by Billa007

Im looking to buy a garden home on Jebel Ali. Now im coming to complete ive been told there is a 726,000AED build cost on a Med villa to pay?

Is this correct? Is now right time to invest in Palm Jebel Ali or have prices peaked for at least a year.

Id like to hear all experiences of Palm Jebel Ali. Completion by end 2010?

I have been travelling to Dubai for many many years and have myself invested in a property on The Palm Jebel Ali. I have spoken to lots of serious investors about the different developments in Dubai and I am convinced that in the medium term (3-5 years) that the Palm Jebel Ali will represent the best investment of all of the developments for the following reasons:

1-Many mistakes were made on The Palm Jumeirah which have been taken into account during the construction of Jebel Ali palm.

2-The masterplan of the Palm Jebel Ali will have much more to offer holidaymakers and so make rental very easy.

3-Jebel Ali will soon host the worlds largest airport bringing literally millions of people to the doorstep of the Jebel Ali Palm.

4-Development around the arabian canal and Dubai waterfront will be awesome and will again house hundreds of thousands of permanent workers who will need somewhere to live.

5-Dubai traffic is terrible, Jebel Ali does not have any such problems and the infrastructure is being put in place from the very start to keep it that way.

6-The monorail will connect Jebel Ali to Dubai for tourism.


These are my general reasons, but logically any major city in the world has key residential areas, the Palm Isalnds offer a finite area of land for development when they are finished they can will not be developed further and prices have to rise. Where else in the world in a developed country can you buy beach front properties for similar prices? Answer nowhere. Dubai has excellent climate for most of the year, cheap airfares, major sporting tournaments, massive global profile and excellent conditions for business. In my opinion its a real no brainer if you can afford to hang on to your property do so because the prices will raise tenfold over the next 5-10 years.

Thanks and good luck

[james8888]

Also as another issue I think that the Canal Cove townhomes offer the best investment as there are fewer of these properties than any other in the entire development, the beach is shared by a handful of properties and they benefit from a good sized communal pool which is maintained for the owners. They are the only properties that will give a true holiday feel. The prices are also very good at the moment. And I have put my money where my mouth is and have purchased 4 of these properties. I hope this helps.

[ridha]

Originally Posted by Billa007

Im looking to buy a garden home on Jebel Ali. Now im coming to complete ive been told there is a 726,000AED build cost on a Med villa to pay?

Is this correct? Is now right time to invest in Palm Jebel Ali or have prices peaked for at least a year.

Id like to hear all experiences of Palm Jebel Ali. Completion by end 2010?

Dear Billa
I have a Garden Home in Palm Jebel Ali in frond "O" Mid even number, the completion date for frond "O" is in 2010.
It is Medeterian Type 3.
Price 7.1m
30% paid.
Let me know if intrested.
Regards