Hi Trixi,

I too purchased a 2 bed on Palm Springs in Jan 04. However, since the announcement from Damac that the project will be delayed until 2010 I decided to sell. I registered with a few agents, but finally managed to find a prospective buyer myself. Unfortunately, that was in Feb 07, since then I have completed all the paperwork and sent across the transfer fees to Damac who have yet to send the new purchase contract to the new buyer. I have recently approached Damac in London to see if they can help, and I have been told that the delay is due to some issue with car parking. As you can appreciate, I’m very frustrated with the whole process!! However, I’m still pretty optimistic and hoping that the resale will be completed very soon.

As far as prices go, if you want a quick sale, I would probably go for around 1,200 AED per Sq Ft. If you can wait for a good few months to find a buyer, perhaps try anything from 1,300 AED per Sq Ft.

Note, these prices are still very low and very attractive. The main reason is that there is currently a very low resale market for Palm Springs as its still some time off completion.

Hope this helps.

Shawaz