Palmtop Property
Palm Island
Launched in 2001, The Palm Jumeirah is the icon
that captivated the world's attention. The first
chapter of The Palm Trilogy, The Palm Jumeirah
is known as the eighth wonder of the world. Helping
solve Dubai's beach shortage, the island has doubled
Dubai's existing coastline and will also double the
number of beach-front hotels in the city. Along with
world-class residences and hotels, the island features
unprecedented retail, exceptional leisure and premier
entertainment options. It is expected to welcome
20,000 visitors a day. A monorail, the first of its
kind in the region, will transport passengers
conveniently to a variety of island locations.
Fast becoming a reality, The Palm Jumeirah is Dubai's
celebrated landmark and international attraction.
In 2001, Caledonian's first project in Dubai was an investment to acquire and re-sell 14 residential units on the exclusive Palm Jumeirah development in Dubai. Caledonian negotiated the purchase of residential options within this much sought after development.
They comprised of a mix of Garden Villas, Townhouses and Shoreline Apartments. These units were then traded to secondary investors at a premium.
| Sector | Residential |
| Completion Date | December 2004 |
| Price In | AED 270 sq ft |
| Price Out | AED 320 sq ft |
| Timescale | Eighteen months |
| Exit To | Retail |
| Our Opportunity Investment Net Profit Achieved |
14 Units AED 4.9 million AED 3.4 million |
| Return on Investment | 70% |