Robbies

My wife and I are looking into buying a Garden Villa on the Palm Jumeirah. Does this make good financial sense? Are the prices of these villa's still expected to rise, year on year? Or are the prices inflated, and expected to plateau or fall?

Thoughts would be appreciated.

Blue Cat

http://britishexpats.com/forum/showthread.php?t=445264


read this
BC

expat.brat

..if you want to get the biased opinion of those who will jump at any oppportunity to slag off Dubai.

My personal opinion is I would wait and see before buying on the Palm. The market for villas is much stronger than for apartments, but the Palm villas still haven't been tested. I haven't followed their prices as closely as others, so I would need to see how the market reacts to them before buying. And also, maintenance fees for Palm island villas might turn out to be very expensive.

Confucius

He must be loaded...

Blue Cat

or may not be real??

Confucius

You're such a cynic and a pessimist...

Blue Cat

for a cat

W10

Or the biased opinion of those who want to defend Dubai ;-)

Remember that the average palm villa is going for Dh10m plus. I think the Palm is an interesting one.

Blue Cat

I can't see anyone loosing money to be honest, but then I haven't been following the property thing as closely as you and Gareth.

W10

The problem is the secondary market for a Dh16m villa is a lot smaller than the secondary market for a Dh3m villa.

Personally - having seen them - I wouldn't pay close to that much. And if I'd bought off plan I'd be pretty pissed off at my living space being reduced.

shiva

buy on the palm, hhmmm lets see.

NO

overinflated rabbit hutches which will be a nightmare to get too and from surrounded by stagnant pools of water, na you must be having a laugh

Blue Cat

and there will be water rats I would imagine?? yack and they you could get that horrible disease you can catch from rats.

Border Reiver

In that case everybody will need a cat (blue or otherwise!) and we will have solved the skip-cat problem in Dubai at a stroke. We might even need to start importing them!

NorthernLad

In salt water?

shiva

was just about to say that