Eeyore

But Nakheel says they won't. That's as good as decades of proper scientific analysis. If not better.

Ahem.

If seawater started leaking in in 5-10 years' time, I could kind of understand it. But already?

Miss Eck

You should see the build quality of the villas ... leaves a lot to be desired and don't get me started on their diamond garden 'service'.

expat.brat

tell us about the villas eck..

Norm_uk

Political reasons mostly...oil producer that promotes solar power...wouldn't look good (would make perfect long term sense though of course)

N.

Norm_uk

Any sane "investor" would sell up or make sure they have small liabilities on any property they have hear.

Makes me cringe when I hear of people selling up everything they have back home to buy their home in the sand...usually the same people who don't have time to listen to things like capital guarentee investments!

Funny old world.

N.

Norm_uk

You weren't here during that storm a few years back then were workers were literally swept off the Palm...

N.

shiva

not quite true anymore

www.masdar.ae

Desert Dweller

Dubai produces a lot more hot air than it does oil!

Miss Eck

It's Miss Eck to you!

The villas, what can I say ... they are large with lovely views

meerkat21

I live in a tropical Island and here only fisherman and foreigners buy property adjoining the beach. I would personally would not buy any property near the beach for the following reasons - 1. Windows mist up with salt water spray and needs cleaning everyday 2. Salt water spray damages everything from windows to washing machines( corrosion).Most electrical items will need replacing every few years. 4. very unappealing and noisy during the stormy season.5. Security is a bid problem. Any one with a boat can have access to your property

There are other disadvantages . With changing in global weather patterns an underwater earthquake or a Tsunami is a distinct possibility. Rising water levels also is a concern.

With the Palm Islands there are additional considerations. The ' Island formation' engineering is far from perfect. Maintenance cost will be extremely high.

Three things the property buyer has to find out before signing for a property

1. Who is going to manage the project long term- government, project developer or Home owners association? The latter can have grave implications when it comes to management control.
2. The maintenance cost and how it is going to be calculated

3. By laws( covenants, conditions and restrictions) regulating what the owner can and cannot do, especially when it comes to selling

My guess is that the cost of maintenance of Palm Island properties will be passed on to the owners in the future and the cost maybe beyond the scope of most property owners due to the problems of sea erosion and flooding during stormy seasons.
My advice - better buy near a lake!