Nakheel Properties triggers real estate frenzy in Palm Jebel Ali

Nakheel Properties has shaken up the Dubai real estate market with the launch of the second phase of the Palm Jebel Ali villas. Demand reached record levels, with over 500 real estate brokers and investors queuing up on the eve of the launch.

First phase over in a few hours

When the first phase of villas was launched, they sold out in just a few hours. Investors and real estate brokers were attracted by the competitive prices compared with similar properties in Palm Jumeirah.

New Phase, New Summits

Despite a launch price almost 10% higher than the first phase, strong demand suggests that all Phase 2 stock will be sold out in record time.

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