Dubai Real Estate

DUBAI (Zawya Dow Jones)–Dubai real-estate developer Nakheel said Thursday a special tribunal relating to Dubai World dismissed a contempt case against the real-estate developer.

Commercial Real Estate Dubai will be more cheerful for the investors. With the freehold property law getting initiated we get more housing deals which encountered an impetus in recent times. For the interest of investors, observers believe that the future looks promising for the Commercial Real Estate Dubai. People with ready cash or those who[…]

Dubai’s Real Estate Regulatory Authority (RERA) has approved more than 150 home owners associations, the head of the real estate watchdog has said. “We have registered more than 150 home owners associations,” Marwan Bin Ghalaita, CEO of RERA, told Arabian Business.

The Dubai Electricity and Water Authority (DEWA) has confirmed that it will complete the major Substation M Project at Jebel Ali this year. Designed to add 2000 MW of electricity power and 140 million gallons of desalinated water to DEWA’s generation capacity, the substation is one of the authority’s biggest projects, with costs expected to[…]

DUBAI – Emaar Properties, the developer of the world’s tallest building, plans to issue a benchmark dollar bond and pricing is expected to be announced on Thursday (today), according to sources. Last week, the developer announced that the company had hired top three global banks to arrange fixed-income meetings ahead of a possible bond issue.

Dubai: Nakheel, the Dubai-based real estate developer, is on track to issue a $1.63 billion Islamic bond, or sukuk, by the end of the first quarter, the company’s chairman said yesterday.

While working on a documentary with San Jose State’s journalism program earlier this month, I got a firsthand look at how Dubai and the other United Arab Emirates are taking an approach that has been debated by California for luring in businesses. And, for the most part, it seems to be working. What the UAE[…]

Dubai Marina has retained its title as the city’s most popular property hotspot for those looking to rent or buy, new data from real estate website propertyfinder.ae has found.

The 10% differential in fourth quarter of 2009 is now up to 15% Dubai: Investors are less likely to try selling their property in Dubai as the gap between asking price and achieved value widened further in the past 12 months. The 10 per cent differential between asking and achieved prices during the fourth quarter[…]

Dubai’s real estate sector will remain under stress in 2011 with occupancy levels dropping further across all asset classes “due to massive new supply,” leading property analysts said on Sunday. Oversupply will continue to impact residential, office, and retail space markets in Dubai in 2011, they said.

DUBAI, Jan. 23 (Xinhua) — Visitors and gourmets who plan to visit Dubai’s newest restaurant “At.mosphere” need a proper budget to dine there, as well as a head for heights. Located on level 122 at the world’s highest tower Burj Khalifa, the At.mosphere offers a luxury lounge and grill, along with a round to-down view[…]

Dubai house prices, already nearly 60 percent off their peak, are set to drop another 10 percent over the next two years as new units are released onto a market awash with supply, a Reuters poll shows. A property boom in Dubai collapsed at the end of 2008 when it was hit by the global[…]

The total value of real estate deals in Dubai plunged 65 percent in 2010 as new supply squeezed market prices, a new report has said. The number of deals fell by more than half during the period as lending in the emirate remained pinched, the latest data from Jones Lang LaSalle showed.

Residential market in Dubai will continue to experience a situation of oversupply with prices not expected to recover before 2012, Jones Lang LaSalle (JLL) said on Sunday.

In 2009, I wrote that The World project in Dubai might be in trouble due to the economic downturn. The ambitious development in the Gulf may have another problem on its plate. Reports came out yesterday stating that the islands shaped like countries are sinking back down into the water.

It exemplified the booming property market and ambition of Dubai’s entrepreneurs. But after the global financial crisis led to the collapse of the emirate’s home-building market, a unique development known as ‘The World’ is reportedly facing Armageddon.

Dubai: Residential property prices in Dubai are likely to recover by 2011 as the market detects continued signs of improved lending from 2009, which is expected to continue until 2011, said Memon Investments, a Dubai-based property developer and part of the international business conglomerate Shaikhani Group.

Dubai’s real-estate industry will remain under stress with occupancy levels dropping because of “massive new supply,” according to CB Richard Ellis Group Inc.

It exemplified the booming property market and ambition of Dubai’s entrepreneurs. But after the global financial crisis led to the collapse of the emirate’s home-building market, a unique development known as ‘The World’ is reportedly facing Armageddon.

The ‘globe’ effect is most impressive when spotted by satellite, but visitors to Dubai who scale the Burg Khalifa – the tallest building in the world – can also see the awe-inducing sight.

The outlook for 2011 is one of correction and consolidation for Sharjah’s real estate sector. The market should slowly start to pick up, though recovery is expected to be modest in the shorter term before gaining momentum, Global Arab Network reports according to OBG.

Dubai house prices, already nearly 60 percent off their peak, are set to drop another 10 percent over the next two years as new units are released onto a market awash with supply, a Reuters poll shows. A property boom in Dubai collapsed at the end of 2008 when it was hit by the global[…]

DUBAI (Zawya Dow Jones)–Dubai real-estate developer Nakheel said Thursday a special tribunal relating to Dubai World dismissed a contempt case against the real-estate developer.

The total number of real estate transactions in Dubai reached Dh123 billion in 2010, the Land Department said today. The number includes all sales, mortgages, ijarah (long term lease which is eventually owned after completing its financial obligations), mortgage portfolios, deffered sales, gifted lands and properties.

Dubai: The Dubai Roads and Transport Authority has not abandoned any of its public transport expansion projects, said as senior official. “Construction of the third line of Dubai Metro called ‘the Purple Line’ to connect Dubai International Airport and Al Maktoum Airport in Jebel Ali and completion of Al Sufouh Tram project are all still part[…]