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Beckham, Gary Neville, Ashley Cole & Co make a fortune in Dubai Property

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DAVID Beckham and six other England footballers have each made £1.9million on luxury villas they have never seen.

They splashed out £600,000 on the six – bedroomed, eye-popping properties off Dubai four years ago.

Now, with the site still under construction, their holiday homes are worth £2.5million.

Stars Joe Cole, Ashley Cole, Kieren Dyer, David James, Wayne Bridge and Gary Neville joined England captain Becks in buying retreats on the stunning Palm Jumeirah development.

England goalkeeping coach Ray Clemence and other backroom staff also got in on the act and have now made a killing.

The England squad visited Dubai for a pre-World Cup get-together in 2002.

They were shown detailed plans of the project, a vast man-made reef in the shape of a palm that is being built off the coast, and offered a discount price on properties there.

Aaron Richardson, of project developers Nakheel said: “Many of the players were immediately impressed and bought signatory villas at our discount £600,000 price.

“Now they are laughing because they are worth up to £2.5million before they are even finished.

“I know that those players who did not take advantage of the initial offer are pig sick. The properties are now sold out.”

The villas, only accessible by boat, are patrolled by security staff 24 hours a day.

Other celebrities who have bought a Palm property include Italian striker Francesco Totti, Formula One driver Michael Schumacher and Bollywood actor Shah Ruhk Khan.

Some of them were attracted by Dubai’s strict privacy laws which ban intrusive photography.

Source: TheDailyRecord

Les Calvert is the owner of overseaspropertymall.com and many other property and travel related websites. Les writes news and articles on the overseas property market for leading websites, trade magazines and newspapers.