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Homes on Palm Jumeirah Island
It’s not news that Dubai’s property market is expected to experience corrections next year and according to Morgan Stanley gradually decline by up to 10 percent by 2010. However, a real bombshell was dropped last Thursday when Arabian Business reported that Palm Jebel Ali’s island prices have depreciated some 40 percent in the last two months.
Tuesday, October 7th, 2008 
Posted by Overseas Property Mall in Billionaire Homes, Dubai Property, Jebel Ali, New Development Alert
As Dubai developer’s, Emaar approach the completion of the construction world’s tallest building - the Burj Dubai, their chief competitor’s; Nakheel another Dubai based developer, announced plans on Sunday to build an even more ambitious skyscraper that is to soar a kilometre high.
Following our Jebel Ali property market overview post, we have hand-picked these four off-plan property developments in Downtown Jebel Ali, Dubai. The first two are residential, followed by two commercial/office space developments.
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Downtown Jebel Ali, is a 200 hectare urban development zone south of the Jebel Ali Port Trade Freezone (the world’s largest man-made harbour ), north of the soon to be largest airport in the world - Jebel Ali International Airport (JXB) and 11 kilometres along Sheikh Zayed Road (or E 11), the longest highway in the United Arab Emirates. With the current trend of property prices in Dubai, Jebel Ali’s relatively low prices and strategic location has put it on our property investment radar as a promising area to watch in Dubai. As construction in Downtown Jebel Ali continues, it is considered to be the heart and soul of logistics in Dubai as it is to be the residential district for workers in the trade freezone port & airport.
Thursday, June 12th, 2008 Posted by OP-Mall in Dubai, Dubai Property, Jebel Ali, Property Reviews, UAE Property
Al Furjan in translation means a collection of houses or a small village. The first phase of the project which was launched in September 2007 sold out in its first week of launch. Once finished, Al Furjan will boast more than 4,000 homes within 560 hectares, sheltering, employing and entertaining some 90,000 people every day.
The project is designed to be made up of four villages facing East, South, West and North.
Developed by Nakheel, one of the world’s largest privately held property developers, the project is planned in two phases.
Phase one will be comprised of the South and East villages, while phase two will be facing North and West. Al Furjan’s latest launch was an outstanding success middle last month when the release (which included the architectural styles of Dubai, Quortaj and the newly released Al Hejaz) sold 800 terraced houses and villas within days.
