Nakheel says that their sales have tripled in the last year. People were worried that investors were driving the price in the Dubai property market, but 80% of the owners who bought in Palm Jumeirah since 2002 still own their property.
25% of the buyers are from the UAE, 25% are from nearby Gulf states, 25% are from the UK, and the rest are a mix of 70 nationalities (including the US).
So far 6,100 units have been sold, and Nakheel plans to release another 2,650 units by the end of the year.
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