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Van Dort declares real estate prices have bottomed out on Dubai Palm Jumeirah
With prices of real estate assets falling in various parts of the world, few developments have leveled off in terms of value and demand more that the man made island in the shape of a palm tree that has become the icon of Dubai, the Palm Jumeirah.
By: Questar Media
The Palm Jumeirah hosts some of the most spectacular properties in the region, from luxury private apartments to personalized Signature Villas with its star attraction, the Atlantis Hotel at the tip of the island set as the jewel in the crown on the crescent.
Despite the turmoil that many markets around the world have experienced, the Dubai based Van Dort Real Estate agency has grown more than 50 % in the last 6 months alone.
“There are many factors that contribute to this growth, apart from our 5 years of experience as Palm specialists, we have had the good fortune of building great relationships with developers, Investors, and a commitment to transparency for all concerned. This has led us to be one of the most trusted and referred agencies to market and sell Palm properties”, said Tim Van Dort, co-founder and partner of Van Dort Real Estate in Dubai. Van Dort believes in educating their clients in order to assist them in making the right selection for their investment requirements and goals, specializing on sales and rentals, residential and commercial opportunities on the Palm.
Throughout the past 24 months, many owners of Palm properties had seen their values dip, however, we have seen the bottom of the market in this respect, and bargain hunting investors are snapping up the properties we have in our portfolio. As more projects are delivered, more lifestyle amenities are added at the same time, making this community a truly enviable address. We would not consider living anywhere else if someone paid us, we have everything we need at our finger tips, from shopping to spas, and a lifestyle that includes tuxedos to flip flops on the beach, says co-partner Jodie Smith. “ We literally never need to leave the island, everything we want or require is provided for brilliantly at your doorstep”, she added. In fact, the Van Dort partners have adopted the ‘At your doorstep’ convenience on the Palm into their lifestyle campaign to new investors.
It is a great place for families to live on the Palm, they can enjoy all the many beach clubs, pools , private beaches, restaurants, activities for children are boundless, she said. Nine months out of the year, the weather is amazing, even though many residents live year round on the Palm during the summer months when tourism actually remains healthy albeit the humidity is an acquired taste” she winks.
“If the Palm Jumeirah was on the board game Monopoly, it could be compared to Park Lane, Beverly Hills, Palm Beach, and even rival these, says Smith. Our investors know how and when these valuations will re-climb beyond their original peaks.” she added. These are, after all, world class assets, says Smith.
Van Dort is one of the few property agencies in Dubai that do not advertise their services in classical print media anymore. According to Tim Van Dort, who has also been referred to as one of the most successful agents in property consolidation for Nakheel, “ We have built superb relationships with our clients over the years to the point where our advertising is virtually in our clients hands, providing 90 % of all new business just on recommending the service that we provide and hence repeat business is our forte, and our insurance for continuous success in the years ahead”, he added.
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Page Updated Last on: Nov 29, 2010