Landmark Advisory, a leading real estate consultancy companies in the Middle East has stated in its Quarterly Report for Q4 2010, that capital values across all segments of the market in both Dubai and Abu Dhabi continued to decline during this period.

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.

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.

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 declined at a monthly rate of 1.7 percent in February, driven mainly by new supply, Deutsche Bank AG said.

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[…]

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.

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[…]

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.

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.