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| Shoreline Palm Jumeriah |
Shoreline and Palm Jumeirah Investors
are ready to buy with attractive Rental yields
As your Palm Specialist I am pleased to give you our latest update on the Dubai property market and more specifically the activity on the Shoreline apartments.
As many of you know we are located in the Clubhouse 5 of the
Shorelines and have been very active on the Palm since 2006.
This year the property market is reacting to all the other
Economic factors out there and with Oil prices and Currency fluctuations being
dominant we are seeing a quiet period for property trades in general.
That said I have been around long enough (13 years) to know
that property always sells at any time of the year and at any part of a
property cycle. So long as the price is right I guarantee that the property
will sell.
It is true that property sales prices have and probably are
still softening but conversely the rental prices are holding up. There is very
little rental stock on the market at the
moment which bodes well in a time when we are hearing of job losses. I
personally think that the Oil and Gas redundancies are hitting the villa rental
market more than the apartments as their housing allowances were often put
towards areas like Arabian Ranches and Jumeirah Golf Estates etc. The shorelines
are in high rental demand even now.
The Shoreline rental market has held up extremely well this
year at a time when the sales prices are falling. Therefore the rental yields
are looking very attractive and the investors are starting to look at the Shoreline
apartments with interest again. Yields
of 7% for a quality location is considered a good investment return and if you
are confident we are near the bottom of the cycle then the risk is minimal.
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| F type Shoreline Apartment |
Palm Jumeirah D Type and F Type
apartments are proving popular!
I have included a few well priced sales for your interest in this e mail and also some Shoreline rentals. January and February saw some sales which included a few D types on the left hand side and a couple of E types on the right hand side. There seems to be a buying demand, at the moment, for D type and F type sea facing apartments from investors but as you would expect their offers are a little lower than most sellers would like to achieve.
If anybody would like specific advice on their own apartment
as to whether or not they should sell, rent or even put on the Holiday Home
market I would be very pleased to talk to you. I can also send by request the
latest sales and rental prices for specific types on the Shoreline.
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| New Developments Palm Jumeriah |
New Developments still affecting Palm
Jumeirah buyer appetite!
There are two main apartment blocks affected by development and construction at the moment. These are Al Habool and Al Basri.
Al Basri, Palm Jumeirah,
has the new development of Azure being built and we have experienced a
number of complaints from tenants about the noise this is creating. I think
this will be short lived as the majority of the construction is complete now
and Azure does not look far off being finished. Once the landscaping is
complete the Al Basri Shoreline apartments are going to benefit enormously from
this new fresh looking residential and retail location.
Al Habool is a slightly longer wait as this is located next
to the new Nakheel Mall, Palm Jumeirah. This is a major development adding 1
million sq ft of retail space to the Palm Jumeirah. In the medium term it is
affecting traffic and producing noise pollution but on completion will be a
superb neighbour for the AL Habool residents.
Progress often comes at a price but both the Nakheel Mall,
Palm Jumeirah and Azure Residence are well worth waiting for and will boost the
Shoreline apartment developments.
We have been selling Palm Jumeirah properties for over a
decade now and with our large dedicated Palm Jumeirah sales and rental agents
we are known as the Palm Specialists.
Please check our dedicated websites for more information on
Palm Jumeirah.
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