Investors in the long-awaited Palm Jebel Ali are expected to hit the jackpot as the luxury residential properties on the island are set to generate an impressive 85 percent return on investment over a five-year period – the highest return among recently launched real estate projects in Dubai.
Even in the short term, investors in the project can expect a minimum return of 25 percent in the first year after launch, based on an AI-based forecast by a proptech company in Dubai. In contrast, Realiste, a leading real estate investment advisory firm, predicts that some other high-profile projects unveiled this month, such as “The Oasis” by Emaar and “Seahaven” by Sobha Developers, will generate returns of over 20 percent and 10 percent, respectively, over a three-year or even shorter period.
Significant increases in value are forecast. “Based on the expected market dynamics and the remarkable development of the island, our AI-based analysis forecasts an impressive return on investment (ROI) of 85 percent over the next five years [in Palm Jebel Ali]with a minimum ROI of 25 percent in the first year after the start of the project,” Realiste said in a report provided to Arabian Business. However, Arabian Business has not conducted an independent study to confirm Realiste’s projected return figures for these projects.
“With the recent release of this remarkable development by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Realiste foresees exceptional growth and returns for investors,” the report states.
Palm Jebel Ali, which is twice the size of Palm Jumeirah, offers investors the opportunity to hit the jackpot as the luxury residential properties on the island are expected to generate an impressive 85 percent return on investment over a five-year period – the highest return among recently launched or announced real estate projects in Dubai. Even in the short term, investors can expect a minimum return of 25 percent in the first year after the project’s launch, based on an AI-based forecast by a proptech company in Dubai. In contrast, Realiste, a leading real estate investment advisory firm, predicts that some other high-profile projects unveiled this month, such as “The Oasis” by Emaar
Source: www.arabianbusiness.com
