Keys in the Palm of their hands for Dubai residents

Property in Dubai, in fact the World, doesn’t come much more exclusive than the Palm Jumeirah, and the developers Nakheel have started to hand over nearly completed homes.

The entire construction is nearly complete and has 12,000 residents already. In the latest phase, 2000 more are taking possession of their dream homes.

The value of real estate in the UAE has seen a dramatic fall of around 50%,although a spokesman from Nakheel described the prices at the Palm as being stable and maintaining their value. This could be gesturing of course, but Colliers International have noted residential price rises of 7% over the last quarter.

Once again, although the ground seems shaky in the real estate market, Dubai continues to aim for the stars, and so far looks as though it’s going to make it.

The market seems to be stabilising in the emirate & as confidence grows with easier mortgage lending, & greater perceived job security, now is a great time to consider buying property in Dubai.