Monday 3 June 2013

Dubai stocks jump 2.7% as Nakheel sells 350 Jumeriah Park villas in five hours « ArabianMoney

"Fresh evidence of a summer boom in Dubai real estate and stocks came yesterday with a 2.7 per cent surge in the Dubai Financial Market to a new high for the year and long queues to buy 350 villas in Jumeirah Park villas which sold out in five hours.

Readers of the ArabianMoney investment newsletter (subscribe here) will recall Jumeirah Park was our top tip for real estate investment over a year ago. Villa prices have surged by up to 50 per cent since then, the best price advance in any location in Dubai."

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