LONDON, September 19 /PRNewswire/ --

- Peter Penhall, CEO of Gowealthy Holdings Gives a Rundown to the Palm 
Jumeriah and its New Residents

Where just a decade ago few Britons would have known much
about Dubai, now the emirate is the favourite Christmas getaway destination.
Annual tourist numbers are more than six million a year and expected to top
15 million by 2010, with many coming to visit the world class projects that
are currently under construction, such as the 8th wonder of the world, The
Palm Jumeirah.

Aside from the physical size of the project that measures
approximately 800 football pitches, there are a number of other factors that
we can attribute to the 'wonder' of the UAE's original Palm. Most notably the
fact that since customers have been taking delivery of their villas, there
continues to be a huge uplift in capital appreciation. Scheduled to continue
throughout this year, the programme will see the handing over of 1,400 villas
and 2,500 apartments. All residents have much to look forward to as there are
plans to bring the legendary Cirque du Soleil to a permanent home on the Palm
and the cruise liner Queen Elizabeth II is to be berthed there as a luxury
hotel.

Though there was indeed some pressure around six to eight
months back due to late delivery of villas, quality stocks are almost
impossible to obtain today. In the short period following hand-overs, the
signature villas have appreciated by up to 67%, so considering the uniqueness
of the project, it is not surprising people are willing to pay premium rates.
In comparison, Emirates Hills, the highest valued property till recently has
not seen such steep short-term growth and has been overtaken by Palm Jumeirah
properties in value terms.

For the middle man, purchasing on The Palm Jumeirah has been a
smart investment due to the large capital growth the project has witnessed
and is continuing to do so. Additionally, we can expect the properties to
retain their value due to the fact that they are largely all waterfront
properties situated in the heart of 'New Dubai'.

Acquiring properties on the Palm Jumeirah from the UK was also
deemed to be cheaper, which is not the case anymore.

The infrastructure of The Palm covers all bases with the new
six lane feeder road and ample network roads ensuring smooth flow in and
around the The Palm and to mainland Dubai, accompanied by the rail system
running the length of The Palm offering an alternative mode of
transportation. The canal originally penned to accompany the rail system
through the centre of The Palm has been replaced by a greenbelt project which
will inevitably prove to be the better decision appealing more to residents
and visitors alike. The added bonus of a 'Water Zone' around The Palm offers
activities such as scuba diving in a protected environment, a huge plus for
diving enthusiasts.

Being flanked by high end resorts and beach palaces, The Palm
Jumeirah enhances the adage of location, location, location and spurring on
added value. That and being surrounded by top notch hotels and resorts on the
crescent of The Palm, what more could one ask for in terms of premium
services and opulence.

For further information on the Dubai property market and the
array of properties on offer please contact Gowealthy's UK office on 
+44-(0)207-887-6288 or visit http://www.gowealthy.com, 
Dubai's leading property experts and award winning real estate portal.