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Palm Jumeirah October 2016 Market Update

Palm Jumeirah Owners / Investors,

It has been a longer "summer" than usual this year with Ramadan moving into the June month and as usual we usually mark the end of the this slower summer period with the Citiscape Event which we had in early September.

Its has certainly been interesting 9 months of the year with Property prices dropping a further 5/6% this year in Sales and slightly less for the rentals. The amount of sales transaction within this period has also been low.

In the past few months however sales and rentals have been at a level to keep the prices pretty stable with prices noticeably hitting a “plateau“ with the majority of Palm Jumeirah sales occurring at either Golden Mile, Marina Residences or Shoreline over the last 9 months (as per DLD - Dubai Land Dept statistics)

With prices where they are and rentals not dropping at the same rate it has become more attractive for investors with higher yields and more attractive for end users to enter the market. We anticipate the next 6 months to be more of the same with prices staying stable.

As a company we have now expanded are Palm Jumeirah Team, we have a team of 7 agents all specialising with specific development within the Palm Jumeirah. If you are looking at selling / Renting your Property on the Palm Jumeriah quickly and professionally then please give us a call to come and discuss our marketing plan.

Properties are still Selling / Renting and it fundamentally comes down to a number of factors instructing a professional company exclusively that have a worldwide reach to sell your property is one of them.

The majority of the transactions we have done this year were sellers and landlords that I was working with exclusively.

In order to make the sale of your property as effective as possible, Fine and Country offers a range of award-winning creative marketing and professional services, which can be provided in our Fine and Country Bespoke Pack.

Click here for further details.

Click on the following to see how your property can be marketed with us :

▪ Link to our latest Local Quarterly Print Publication 
▪ Bespoke Individual Property Printed Brochures 
▪ Weekly Gulf News Advert

Besides the normal methods of advertising / marketing we can provide as a professional company, I also give the following added benefits that are unique to myself.

▪ Palm Jumeriah Specialist for over 7 years, with my own branded website and team of 7 brokers working on the Palm Jumeriah 
▪ Owner of the largest Palm Jumeriah Residents group on Facebook, click here to access it. 
▪ Linkedin Leader, with a large number of industry followers and Palm Jumeriah groups, keeping people updated with Palm Jumeriah stories, Real Estate posts Click here to view 
▪ Very Good Social Media Presence (Instagram, Twitter, Facebook, Linkedin, Youtube) 
▪ A very solid Real Estate background with over 12 years industry experience in the UK, Europe and UAE.

Warm Regards

Palm Jumeirah Specialist

Yasin Valimulla 
Associate Director 
+971 505 054 135 
Fine and Country International Realty UAE