Tag Archives | Palm Jumeirah

oceana palm jumeriah

Water Crisis in Palm Jumeirah, residents bath in sea and malls

Residents of Oceana, a seven-building complex at Palm Jumeriah have to bath in sea, use shopping malls and other odd spots to relieve themselves. Water supply was apparently cut off by a pipe burst and the property management firm Asteco allegedly waited for four days to fix the problem, XPRESS reported. One resident says that […]

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Foreclosure in Dubai

Foreclosures and Repossessions coming to Dubai

Foreclosures and repossessions of property are coming to crisis-hit, cash-starved Dubai. According to Arabian Business the Palm Jumeirah has witnessed its first property repossession, resulting in a bank selling an apartment for just AED745 per square foot – nearly 35 percent below the current market rate. A three bedroom apartment in Al Shala, on the […]

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