British Expats - Joe Cole then...

British Expats (https://britishexpats.com/forum/)

- The Sand Pit (https://britishexpats.com/forum/sand-pit-116/)

- - Joe Cole then... (https://britishexpats.com/forum/sand-pit-116/joe-cole-then-600718/)

Spugsy

Mar 30th 2009 8:24 am

Joe Cole then...

Chelsea's Cole outdoes England teammates over Dubai villa sale

Chelsea midfielder Joe Cole has proved himself a shrewd operator in the property market.

The Mirror says Cole made £2.5million profit by selling his luxury villa in Dubai before prices halved.

The Chelsea ace was one of nine England stars heading to the World Cup in Japan in 2002 who paid about £1million each for properties in the oil-rich Gulf state.

But while most have held on to their pads, Cole sold his last summer for £3.5million.

Homes costing £3.2million last October are now for sale for £1.6million and some are dropping £80,000 a week.

Players who also bought on Dubai’s Palm Jumeirah – the world’s largest man-made island – included David Beckham, David James, Gary Neville and Michael Owen.

Inselaffen

Mar 30th 2009 8:28 am

Re: Joe Cole then...

Quote:

Originally Posted by Spugsy (Post 7434184)

they can afford to keep hold of them. Prices wil go back up at some point in the future.

rowell

Mar 30th 2009 9:17 am

Re: Joe Cole then...

I don't think so Inse, and if they do then by the time that happens the buildings will be well past their best.

Inselaffen

Mar 30th 2009 9:25 am

Re: Joe Cole then...

Quote:

Originally Posted by rowell (Post 7434300)

I don't think so Inse, and if they do then by the time that happens the buildings will be well past their best.

you mean in 6 months time ?

Blue Cat

Mar 30th 2009 12:28 pm

Re: Joe Cole then...

Quote:

Originally Posted by Inselaffen (Post 7434318)

you mean in 6 months time ?

prices won't go up for ages :(

All times are GMT. The time now is 2:37 pm.