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Thu 5 Apr 2012 10:33 AM

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REVEALED: How the crash hit Palm property prices

Property prices on one Palm Jumeirah development have plummeted by as much as 75 percent in four years

REVEALED: How the crash hit Palm property prices
1,634 sq ft, two bedroom apartment with sea view and one car parking space.

\n\n2008 sale price: AED4.92m

\n2012 sale price: AED1.49m

\n\nPrice decrease: 69.7 percent

REVEALED: How the crash hit Palm property prices
2,271 sq ft, three bedroom apartment with sea view and two car parking spaces.

\n\n2008 sale price: AED7.27m

\n2012 sale price: AED1.87m

\n\nPrice decrease: 74.3 percent

REVEALED: How the crash hit Palm property prices
2,223 sq ft, three bedroom apartment with sea and garden views and two car parking spaces.

\n\n2008 sale price: AED6.84m

\n2012 sale price: AED1.78m

\n\nPrice decrease: 74 percent

REVEALED: How the crash hit Palm property prices
1,173 sq ft, one bedroom apartment with sea and garden view.

\n\n2008 sale price: AED3.53m

\n2012 sale price: AED996,719

\n\nPrice decrease: 71.8 percent

REVEALED: How the crash hit Palm property prices
1,589 sq ft, two bedroom apartment with sea and garden view.

\n\n2008 sale price: AED4.59m

\n2012 sale price: AED1.47m

\n\nPrice decrease: 68 percent

REVEALED: How the crash hit Palm property prices
2,224 sq ft, three bedroom apartment with sea and garden view and two parking spaces.

\n\n2008 sale price: AED6.85m

\n2012 sale price: AED1.78m

\n\nPrice decrease: 74 percent

REVEALED: How the crash hit Palm property prices
2,272 sq ft, three bedroom apartment with sea view and 2 car parking spaces.

\n\n2008 sale price: AED7.56m

\n2012 sale price: AED1.87m

\n\nPrice decrease: 75.3 percent

REVEALED: How the crash hit Palm property prices
1,634 sq ft, two bedroom apartment with sea view and one parking space.

\n\n2008 sale price: AED4.99m

\n2012 sale price: AED1.49m

\n\nPrice decrease: 70.1 percent

REVEALED: How the crash hit Palm property prices
1,634 sq ft, two bedroom apartment with sea view and one parking space.

\n\n2008 sale price: AED5.04m

\n2012 sale price: AED1.51m

\n\nPrice decrease: 70.3 percent

REVEALED: How the crash hit Palm property prices
2,272 sq ft, three bedroom apartment with sea view and two car parking spaces.

\n\n2008 sale price: AED7.5m

\n2012 sale price: AED1.98m

\n\nPrice decrease: 73.6 percent

REVEALED: How the crash hit Palm property prices
2,224 sq ft, three bedroom apartment with sea and garden view and two parking spaces.

\n\n2008 sale price: AED7.04m

\n2012 sale price: AED1.82m

\n\nPrice decrease: 74.1 percent

REVEALED: How the crash hit Palm property prices
1,588 sq ft, two bedroom apartment with sea and garden view and one parking space.

\n\n2008 sale price: AED4.7m

\n2012 sale price: AED1.49m

\n\nPrice decrease: 68.3 percent

REVEALED: How the crash hit Palm property prices
1,589 sq ft, two bedroom apartment with garden view and one parking space.

\n\n2008 sale price: AED4.5m

\n2012 sale price: AED1.49m

\n\nPrice decrease: 66.9 percent

REVEALED: How the crash hit Palm property prices
2,223 sq ft, three bedroom apartment with sea and garden view and two car parking spaces.

\n\n2008 sale price: AED6.9m

\n2012 sale price: AED1.82m

\n\nPrice decrease: 73.6 percent

REVEALED: How the crash hit Palm property prices
2,272 sq ft, three bedroom apartment with sea view and two car parking spaces.

\n\n2008 sale price: AED7.62m

\n2012 sale price: AED1.98m

\n\nPrice decrease: 74 percent

REVEALED: How the crash hit Palm property prices
1,634 sq ft, two bedroom apartment with sea view and one car parking space.

\n\n2008 sale price: AED5.04m

\n2012 sale price: AED1.51m

\n\nPrice decrease: 70.4 percent

REVEALED: How the crash hit Palm property prices
1,634 sq ft, two bedroom apartment with sea view and one car parking space.

\n\n2008 sale price: AED5.08m

\n2012 sale price: AED1.53m

\n\nPrice decrease: 69.9 percent

REVEALED: How the crash hit Palm property prices
2,271 sq ft, three bedroom apartment with sea view and two car parking spaces.

\n\n2008 sale price: AED7.54m

\n2012 sale price: AED2.07m

\n\nPrice decrease: 72.5 percent

REVEALED: How the crash hit Palm property prices
2,223 sq ft, three bedroom apartment with sea and garden view and two car parking spaces.

\n\n2008 sale price: AED7.1m

\n2012 sale price: AED1.87m

\n\nPrice decrease: 73.7 percent

REVEALED: How the crash hit Palm property prices
1,589 sq ft, two bedroom apartment with garden view and one car parking space.

\n\n2008 sale price: AED4.53m

\n2012 sale price: AED1.51m

\n\nPrice decrease: 66.7 percent