A high price seldom assures you about quality living and the opposite is just as trueIn fact, if one were to look at the Dubai Palm Jumeirah apartments, it would simply be tough to believe that these are so inexpensive and at the same time, ultra luxurious.

In fact, you can try looking around, but for the same price range, you would really find it hard to come across something that is going to be as good as these particular apartments are. Don’t be alarmed though, because the price range is quite flexible.

In fact, you might be able to take your pick from quite a vast price range. Regardless of what your budget might actually be, you should be able to find something worthwhile around here. Prices are quite impressive and start from as low as little over a million dirham’s to even over 10 million dirham’s. If you have the time to look around, you should see the different options, before settling on something, even if your budget is big.  

The purpose of the congress is to address a number of strategic and vital issues concerning water resources. Desalination is the process used to turn sea water into potable water. The UAE processes 8.4 million cubic meters of seawater each day and 95% of that is consumed locally. The UAE is the second largest provider of desalinated water in the world. This congress is set to promote the exchange of expertise in order to secure water resources and help prevent any water crisis around the world.

More than 1,800 attendees are expected, including governments, researchers, consultants, manufacturers, investors, and academic institutions. There will be roundtable discussions, lectures, technical sessions, as well as 27 workshops and interactive sessions that will discuss over 350 scientific papers. An exhibit will also be available that will showcase 70 companies from 20 different countries.

The Palm Jumeirah had the highest turnover by value: Dh58.1 million. Right behind Palm Jumeirah was Jebel Ali, Dh57.73. Al Barsha came in third at Dh51.61 million.

There were also Dh574.5 million in 61 mortgages registered. One was for Dh300 million in Jumeirah. The Trade Center area also had one for Dh84 million. 290 sales transactions were registered in freehold areas. Two hundred and seventy eight were for apartments and 12 were for villas. Thirty-six mortgages were also registered on apartments and villas.

Is this a sign that the economic crisis is dwindling? Many experts believe this is only a slight reprieve and that many sales and mortgage values will continue to drop in the next few months. However, apartment and office rents appear to have stabilized, but this is also a result of a greater supply.

The precursor for the layoffs seems to be the global financial crisis. With Dubai property values falling over 50 percent in the last year, Nakheel stated that they are evaluating its current projects, as well as its commitments. The company is also evaluating its costs.

Standard & Poor’s, a ratings agency, said another $10 billion is needed by Dubai. This funding is needed to help the area’s economic support fund, as well as to help government related companies

The job losses are expected to hit hard, especially since short term housing numbers are already on the rise. Many people are turning to these short term properties because of recent job loss or because their current jobs are uncertain.