Palm Jumeirah Residents,
As a Palm Jumeirah Specialist for the past 7 years we have always kept our database of clients informed with all the Palm developments both in terms of Real Estate and general happenings.
This newsletter looks into all the transactions that have happened in 2016 on the Palm Jumeriah, including a full breakdown which is available on request.
2016 was a challenging year in terms of pricing as prices declined gradually for the first 3 quarters and hitting a plateau for the 4th quarter, we are looking at prices staying steady for 2017 with a potential growth (Gradual) in certain Developments.
The number of transactions in 2016 according to Dubai Government stats were as follows.
- Apartment Transactions : 435 (76.5%)
- Villa Transactions : 83 (14.6%)
- Commercial / Land Transaction : 50 (8.8%)
- Total Palm Jumeriah Transactions : 568
Included are the Percentages in terms of the overall transactions, showing that more than three quarters of the transactions were apartment sales.
Graphs below show the exact apartment breakdown in terms of sale.
We also have a villa / Townhouse breakdown with all the transactions and selling prices which is available on request.
The average price per SqFt for Villas on the Palm was 2,158 Sqft.
As a company we now have a team of 7 people specialising on the Palm Jumeirah, if you are looking at selling or renting your property on the Palm Jumeriah please do get in touch with us.
Please also connect with us on on our social media platforms below.
Palm Jumeirah Specialist
+971 505 054 135
Fine and Country International Realty UAE