Dubai working on 220 property projects in 2011
The emirate of Dubai is pushing ahead with 220 residential projects this year, the head of the emirate’s real estate watchdog said on Wednesday.
Nakheel sells off range of cars
On a barren, sandy plot wedged between two luxury hotel developments on the Palm Jumeirah, about 50 men scramble in front of a line of 4x4s. They yell out their bids, hoping to snap up a Nissan Patrol or a Range Rover at bargain-basement prices.
Survey lets residents compare Dubai property service charges
DUBAI: Property owners will soon be able to compare the service charges they pay with an emirate-wide average, following the publication of a survey into benchmark fees that is set to boost transparency in the market.
Dubai Property Prices Fall in February as Supply Grows, Deutsche Bank Says
Dubai property prices declined at a monthly rate of 1.7 percent in February, driven mainly by new supply, Deutsche Bank AG said.
Increasing number of UAE nationals move to Dubai
It has been widely reported that as Dubai’s property market is maturing, hot spots have emerged where growing demand has caused prices to stabilise and in some places increase. This was initially caused by Dubai tenants taking advantage of the market and upgrading their lifestyles to better areas such as Dubai Marina. However it now[…]
Dubai real estate supply to slide by a third in 2011
The supply of fresh real estate in Dubai will tumble by nearly a third this year as developers hold back units in a bid to manage the city’s saturated property market, Jones Lang LaSalle said Sunday.
UAE hosts ‘Arab Real Estate Environment Post Global Economic Downturn’Conference
Dubai, March 14, 2011 -Under the Patronage of His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC, the United Arab Emirates will host the 3rd Arab Real Estate& Urban Development Conference on March 16 and 17 at the Grand Hyatt Hotel in Dubai. The Conference is[…]
Work begins on $140m Dubai project
An Irish property developer who moved to Dubai in 2009 has broken ground on a $140 million office block that will be a regional base for Standard Chartered Bank in the United Arab Emirates.
Rents to slide as property bottoms out within a year: JLL
Dubai Marina, Palm Jumeirah and Burj Downtown are showing signs of stability Dubai’s real estate market is likely to bottom out in the next one year, while peer Abu Dhabi will at least a much longer time, according to Jones Lang LaSalle (JLL) experts.
Dubai real estate supply to slide by a third in 2011
The supply of fresh real estate in Dubai will tumble by nearly a third this year as developers hold back units in a bid to manage the city’s saturated property market, Jones Lang LaSalle said Sunday. The supply of residential, retail and hotel real estate is expected to be 32.2 percent lower than in 2010,[…]