Sunday, 20 March 2016

Shoreline Apartments on Palm Jumeirah are producing attractive yields!

Shoreline Apartments Palm Jumeriah
Shoreline Palm Jumeriah

Shoreline and Palm Jumeirah Investors are ready to buy with attractive Rental yields 

As your Palm Specialist I am pleased to give you our latest update on the Dubai property market and more specifically the activity on the Shoreline apartments.
As many of you know we are located in the Clubhouse 5 of the Shorelines and have been very active on the Palm since 2006.
This year the property market is reacting to all the other Economic factors out there and with Oil prices and Currency fluctuations being dominant we are seeing a quiet period for property trades in general.
That said I have been around long enough (13 years) to know that property always sells at any time of the year and at any part of a property cycle. So long as the price is right I guarantee that the property will sell.
It is true that property sales prices have and probably are still softening but conversely the rental prices are holding up. There is very little  rental stock on the market at the moment which bodes well in a time when we are hearing of job losses. I personally think that the Oil and Gas redundancies are hitting the villa rental market more than the apartments as their housing allowances were often put towards areas like Arabian Ranches and Jumeirah Golf Estates etc. The shorelines are in high rental demand even now.
The Shoreline rental market has held up extremely well this year at a time when the sales prices are falling. Therefore the rental yields are looking very attractive and the investors are starting to look at the Shoreline apartments  with interest again. Yields of 7% for a quality location is considered a good investment return and if you are confident we are near the bottom of the cycle then the risk is minimal.

Shoreline Apartments Palm Jumeriah
F type Shoreline Apartment

Palm Jumeirah D Type and F Type apartments are proving popular!

I have included a few well priced sales for your interest in this e mail and also some Shoreline rentals. January and February saw some sales which included a few D types on the left hand side and a couple of E types on the right hand side. There seems to be a buying demand, at the moment, for D type and F type sea facing apartments from investors but as you would expect their offers are a little lower than most sellers would like to achieve.
If anybody would like specific advice on their own apartment as to whether or not they should sell, rent or even put on the Holiday Home market I would be very pleased to talk to you. I can also send by request the latest sales and rental prices for specific types on the Shoreline.

Palm Jumeriah Dubai
New Developments Palm Jumeriah


New Developments still affecting Palm Jumeirah buyer appetite!

There are two main apartment blocks affected by development and construction at the moment. These are Al Habool and Al Basri.
Al Basri, Palm Jumeirah,  has the new development of Azure being built and we have experienced a number of complaints from tenants about the noise this is creating. I think this will be short lived as the majority of the construction is complete now and Azure does not look far off being finished. Once the landscaping is complete the Al Basri Shoreline apartments are going to benefit enormously from this new fresh looking residential and retail location.
Al Habool is a slightly longer wait as this is located next to the new Nakheel Mall, Palm Jumeirah. This is a major development adding 1 million sq ft of retail space to the Palm Jumeirah. In the medium term it is affecting traffic and producing noise pollution but on completion will be a superb neighbour for the AL Habool residents.
Progress often comes at a price but both the Nakheel Mall, Palm Jumeirah and Azure Residence are well worth waiting for and will boost the Shoreline apartment developments.
We have been selling Palm Jumeirah properties for over a decade now and with our large dedicated Palm Jumeirah sales and rental agents we are known as the Palm Specialists.
Please check our dedicated websites for more information on Palm Jumeirah.

Thursday, 25 February 2016

Palm Jumeirah Villa and Apartment Sales in the last week of February!

As we come to the end of February 2016 it is pleasing to see that the Palm Jumeirah team of Edwards and Towers were busy closing deals on both apartments and villas.

We have closed on three Garden Home villas this month and a handful of apartments in the Shoreline development and Marina Residence.

This is particularly pleasing as it is a tough environment at the moment with the dollar gaining strength this week making it even less likely that people will send money to our little Emirate. The exchange rate is currently working against us so we have to rely on local sales or at the very least sales from within the region.

With a softening of the asking prices it is fair to point out that there is an increase in finance led end users looking. Rents have not been affected too much and as the  yields are strengthen I believe the investors will now also have an eye on some good deals.

There is of course plenty of world wide volatility economically speaking and for this reason I can't see a glut of investors putting their hands in their pockets just yet but with yields creeping to 8% in good areas I am sure we will see the longer term player start to play.

Garden Home on Palm Jumeirah SOLD in February 2016

Palm Jumeirah Garden Home For Sale

This is one of the Garden Home sales this week on Palm Jumeirah which does prove that regardless of the world wide situation life does go on and local business men need somewhere to live.

You can find all our properties for sale at

For advice on Palm Jumeirah feel free to call Mark Towers and find out what really is going on!

Saturday, 20 February 2016

Palm Jumeriah Signature Villa for sale


Follow us on Instagram for updates and pictures of Dubai... you may see something you like!


Thursday, 18 February 2016

In Pictures: No, this isn't London, this is City Walk Dubai - What's On Dubai

Edwards and Towers loving this new addition to Dubai Retail... beats Dubai Mall all day long... get down for a lovely walk and pick up some knick knacks..

City Walk Dubai
City Walk Jumeriah Dubai

In Pictures: No, this isn't London, this is City Walk Dubai - What's On Dubai: No, this isn't Mayfair trussed up with UAE-themed bunting - it's actually the new City Walk development in the heart of Jumeirah. Details here...

Tuesday, 16 February 2016

Edwards and Towers on Pinterest!

A little late to the show but we are now on Pinterest! A great platform to show our properties and share a little about the place we call home..

Get pinning!

            Visit Edwards & Towers Real Estate 's profile on Pinterest.   

Monday, 15 February 2016

Time to get away from it all?

February is the perfect time to holiday in Dubai - the weather is a beautiful 25 degrees, the sun is shining and where else can you find amazing 'home from homes' right on the waterfront!

Perhaps with it being Valentines day yesterday or maybe you are just feeling romantic, book a luxury week and come and visit us, whats not to love - sun, sea, top notch restaurants and world-class shopping... we have it all!

Fairmont Palm Jumeriah
The Fairmont Palm Jumeriah
Visit our website to find your perfect getaway...

Sunday, 14 February 2016

Nakheel’s Palm Promenade on parade at Cityscape Global

8th September 2015

Developer to transform Palm Jumeirah trunk into pedestrian-friendly beach, park, retail and café complex
Nakheel will transform the entire trunk of Palm Jumeirah into a walkable beach, park, retail and café complex under a new project announced at Dubai’s Cityscape Global exhibition today. 
The Palm Promenade will stretch 1.5 kilometres along the island’s trunk, with new walkways and road crossings connecting the area’s 30 apartment buildings with Al Ittihad Park, Palm West Beach and the growing number of retail, dining  and entertainment facilities on The Palm.
Unveiling the project at Cityscape Global Dubai, Nakheel Chairman Ali Rashid Lootah said: “The Palm Promenade is all about connectivity, walkability and accessibility, and yet another example of our continued delivery of new, innovative projects at the world-famous Palm Jumeirah.
“This exciting new pedestrian-friendly facility is set to dramatically enhance the lives of thousands of people who live along Palm Jumeirah’s trunk.  The project promotes a healthy lifestyle and social, environmental and economic sustainability by encouraging people to walk, cycle, meet and socialise, and will boost business in the area with easier access to the ever-expanding range of retail facilities there.”
Under the plans for the project, Nakheel will connect all elements of the Palm Jumeirah trunk with one another.  Residents of the 20 Shoreline Apartments buildings and 10 Golden Mile buildings will be able to walk between Al Ittihad Park, Palm West Beach, the Golden Mile Galleria retail complex and the upcoming Nakheel Mall, currently under construction at the heart of the island.  A number of new cafes will line the Shoreline buildings, complementing existing and future retail, dining and entertainment facilities at Golden Mile Galleria and Nakheel Mall.
The Palm Promenade project also includes upgrades to the design of Palm West Beach, Nakheel’s new park, dining and beach club facility for the island. New features include two children’s fountains, retail facilities and parking for 700 vehicles.
The Palm Promenade joins several other new Nakheel projects, including Nakheel Mall, The Palm Tower, The Palm Gateway and The Pointe, coming to Palm Jumeirah.
To find out more, visit the Nakheel stand S2E10 at Cityscape Global, 8-10 September 2015.

Palm Jumeirah Apartment Sales

The beginning of February 2015 has seen a flurry of activity on Palm Jumeirah and this was mainly focused on the apartment sales.

The Shorelines are usually a good barometer for the Palm Sales and this month is no different. The shoreline apartments that back onto the park, aka left hand side shorelines, have seen a number of transfers already this month.

We believe Al Habool has seen a D type contract at AED 2.1m
Al Anbara also at AED 2.1m and Al Khushkar at AED 2.15.

The sea facing Shoreline apartments have also seen an E type sell for AED 2m , and an F type for AED3.55m. Edwards and Towers are advertising a couple of D types on for AED 3.15m which represent good value for money.

Tiara Residence, Palm Jumeirah

Tiara, as usual, is one of our more requested developments but with limited stock we are not seeing many sales.
1 bed Tiara apartments sell for between 2.5m - 3.0m and we have just listed an excellent one in Aquamarine on a high floor. There are rumours of a Diamond selling for 3m last month but as yet we haven't seen it pass through the Lands Department transaction register. 2 Beds are ranging from AED 4.2m but again with little evidence of sales.
The sea facing 3 bed with the magical Burj al Arab views rarely come to market but we are lucky enough to have listed one in Diamond building. For further info on this upgraded apartment check out

Golden Mile, Palm Jumeirah

The Golden Mile has now opened as a retail centre for the Palm and anchor tenant Spinney's is in good company with plenty of food outlets to tempt the Palm Jumeirah residents. As a Palm Jumeirah Specialist I have decided to write a blog next month dedicated to the Golden Mile and I will give a full run down of all the different types of units and their respective prices.

With the real estate market currently going through a minor slow down I am encouraged that sales are happening and sellers looking for a sale I believe can sell quickly if they follow our advice on sensible pricing.

Edwards and Towers have a full team of Palm Jumeirah specialists who are experts in villa and apatments on Palm Island.

Monday, 8 February 2016

Dubai Palm Sales

Edwards and Towers in 2016 have taken on some fabulous villas on the Palm Jumeirah and some very well priced apartments.
Garden Homes villas starting form AED11m and signature villas going all the way up to AED 75m.
A new listing in Tiara offers a one bed apartment with stunning sea views for only AED 3m.

New website

Interested in Palm Jumeirah? Check out this new website