REVEALED: How the crash hit Palm property prices

1,634 sq ft, two bedroom apartment with sea view and one car parking space.

2008 sale price: AED4.92m

2012 sale price: AED1.49m

Price decrease: 69.7 percent

Thursday, 5 Apr 2012 10:33 AM

Read Comments | Add Your Comment

Tools: Share • Email

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Read All 6 Comments

Posted by: Expat Sunday, 7 April 2013 8:56 AM[UAE] - USA

Another piece of irresponsible journalism from the clowns at AB. You can't quote prices for an entire development without providing details of the building, location on the Palm, floor, etc. This article belongs in the likes of the National Enquirer, as do most of the "journalists" who work for AB.

Reply to this comment.

Posted by: vlad Monday, 8 October 2012 2:17 PM[UAE] - UAE

These guy can't be serious, shows no market awareness whatsoever

Reply to this comment.

Posted by: Rasha Thursday, 27 September 2012 3:39 PM[UAE] - UAE

What are your sources? We need more details and proof of these prices.

Reply to this comment.

Posted by: Paul Tuesday, 24 July 2012 9:30 AM[UAE] - Dubai

What absolute nonsense... I bought various properties on the palm from 2005 through 2010 and none of the prices varied as much as this suggests. They are quoting a high floor full sea view price at it's peak in 2008 and the lowest price ground floor apartment with no views! Hardly a fair comparison....

Reply to this comment.

Posted by: Dani Sunday, 8 April 2012 12:05 PM[UAE] - UAE

yup, where are the villa prices?

Reply to this comment.

Read All 6 Comments

More Photo Galleries

This Week's Magazine »

Cover Story

The world according to Badr Jafar

Just about everything Badr Jafar touches turns to golD, formed just seven years ago, his crescent enterprises is raking in over a billion dollars in revenues and is highly profitable. But the young Emirati insists profits are just part of the plan.

Also in this issue

Subscribe Now

Photos »