REVEALED: How the crash hit Palm property prices

Last Updated: Thu, Jun 20 2013 | 9:26 AM |

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

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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.

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

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

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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.

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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....

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

yup, where are the villa prices?

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