This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Dubai's Palm Property Values Hit 4 Year Low

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



real estate  Dubai  Dubai Property Prices  United Arab Emirates  Jumeirah Palm 

Dubai's Palm Property Values Hit 4 Year Low

By - Wednesday 06 July 2011

Properties located on Dubai's Jumeirah Palm development have fallen to a four-year low, which could attract those seeking property investments in the emirate. Research conducted by Arabian Business revealed that values now stand at as little as 650 AED (110.4 GBP) per square foot.

Real estate located on the Palm's shoreline has seen its value decline by almost 70 per cent since the height of the housing boom, the organisation revealed. Apartments in the area are currently on the market for as little as 1.7 million AED. The news comes just a week after the government in the United Arab Emirates announced new visa rules for property investors.

Under the new regulations, foreigners with more than one million AED invested will now be entitled to a three-year multiple-entry visa as opposed to a six-month visa. The government is hoping to boost confidence in the Dubai property sector among overseas buyers.
 

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus