Learn, Share & Grow
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,[…]
Might it be time to consider buying Dubai property again? I only ask because the oil price, as I type, is $116 a barrel, and no one thinks that’s absurd. Certainly, it is unlikely to decline against a backdrop of the worst and most widespread unrest in the Middle East in living memory. The madness[…]
DUBAI: House prices in the United Arab Emirates may drop an additional 25 percent to 30 percent as population growth stagnates and more properties are put onto the market, according to Dubai investment bank Rasmala.
Rents in some of Dubai’s most popular areas have fallen by about 30 percent in the past year, according to the latest data published by the emirate’s property regulator. Apartment rents in Dubai Marina, Palm Jumeirah, Discovery Gardens, and Jumeirah Beach Residences have all seen significant declines, according to the Real Estate Regulatory Agency.
A new report forecasts further declines in the UAE’s property market. Home prices are likely to drop an average 25 to 30 per cent before bottoming out, concludes a report released yesterday by the investment bank Rasmala. The market will be buffeted by “depopulation risk, deleveraging and heavy pipeline-delivery schedules leading to demand-supply imbalances”, said[…]
Real estate prices in Dubai’s battered property market are bottoming out more than two years after the financial crisis sparked a slump that devastated values, an analyst has said. Fifteen months on from the Dubai World debt crisis, which saw the state-owned conglomerate seek to alter terms on $24.9bn of debt, investor appetite is picking[…]
Overseas property investors are looking back at Dubai according to industry experts. Enquires for property in Dubai increased last year following reported price growth in some of the emirates more exclusive residential areas such as Dubai Marina and The Palm. However since the beginning of 2011, there has been significant interest in Dubai property with[…]
DUBAI, MARCH 10: Dubai’s property market has witnessed a rise in the number of overseas investors three months into 2011 even as the construction work has picked up on the previously announced projects. Although some delays are likely, it has been said that no major cancellations are expected to happen to the projects targeted for[…]
Landmark Properties says emirate is back on the agenda for many overseas investors Overseas investors are looking to invest in Dubai’s residential and industrial property sector once again, according to Landmark Properties. Michael Michael, Director of Sales at Landmark Properties, said: “From the end of last year onwards, we have seen a definite increase in[…]
(Reuters) – Dubai will be able to meet all debt obligations due in 2011, including a $4 billion loan owed by its investment fund, a member of the Gulf Arab emirate’s top fiscal body said on Tuesday.
DUBAI (Reuters) — Dubai inflation edged up to 0.4 percent on an annual basis in January, but living costs in the emirate fell slightly from the previous month due to a drop in food prices, data showed on Monday.
Payback date will be December 31, 2015; offer is one of three consolidation options on the table. Nakheel, the Dubai-based master developer, has restarted offering consolidation options to investors in Palm Jebel Ali projects, including the option of full reimbursement.
Political unrest and instability in nations such as Tunisia and Libya is expected to act as a boost to the property market in the UAE. The chief investment officer and acting general manager of private banking at Emirates NBD has commented on how situations in MENA countries will positively impact property investment in Dubai.
Deals were driven by tourism, energy and construction with financial services and infrastructure growing too Dubai: Investments between Turkey and the UAE reached $10 billion (Dh36.78 billion) in 2010, driven by tourism, energy and construction, according to the Turkish Ambassador to the UAE.
The developers of Dubai’s Dynamic Tower, where each of the 80 floors will be able to rotate independently, are keen to put the project back on track. The British firm is also working on unveiling similar towers across the Gulf countries, Emirates 24|7 has learnt.
DUBAI (Reuters) – Private sector business activity in the United Arab Emirates hit a series record high in February as new orders and output rose sharply, a purchasing managers’ survey showed on Thursday. The HSBC UAE Purchasing Managers’ Index (PMI), which measures the performance of the OPEC member’s manufacturing and services sectors, rose to 54.3[…]
Hop-on/hop-off will allow easy sightseeing Dubai The iconic attractions in Downtown Dubai, described as The Centre of Now, can now be accessed by visitors using luxury trolley buses, Emaar Malls Group announced yesterday.
nvestors looking to offload properties they have bought here in the UAE are known to use inventive schemes to lure buyers. However, one investor has now opted to offer her property on auction site ebay.
Dubai Maritime City, part of Maritime World, is participating at the 19th Dubai International Boat Show that is being organized at the Dubai International Marine Club from 1 to 5 March 2011, to showcase its multitude of capabilities. Dubai Maritime City is a multi-purpose development constituted to address the diverse range of maritime interests in[…]
DUBAI—Persian Gulf stock markets tumbled again Monday, hitting multi-month lows, as fast-spreading unrest in the Arab world threatened to disrupt the region’s oil monarchies. “Investors are now pricing in bigger political risk premiums as unrest spreads in the region. There was evidence of more foreign selling today,” said an equities trader in Dubai at investment[…]
Abu Dhabi: The government is calling upon private firms and government agencies that are planning to establish operations in Abu Dhabi to encourage their staff to stay in the capital, according to the latest report published by Jones Lang Lasalle. The move is aimed at reducing the level of commuting from Dubai and also supporting[…]
Dubai: Forget the five per cent commission. A real estate agent has now been offered a 2008 Cadillac Escalade with just 11,000km on the clock as an incentive to sell an apartment on the Palm Jumeirah. Though all agents demand from clients these days is a well thought-out, competitive price, a few sellers are offering[…]
Dubai, UAE; March 1, 2011: The iconic attractions in Downtown Dubai, described as ‘The Centre of Now,’ can now be accessed by visitors with a new convenient addition – the luxury Trolley Buses. Emaar Malls Group, the shopping malls and leisure subsidiary of Emaar Properties, has introduced air-conditioned Trolley Buses, each with a capacity of[…]
Why compromise on size and location when your money goes so much further now? The year 2008 may have seen Dubai’s property market at its peak but it is better known for the buzzing market that, at that point of time, was ruled by speculators who mastered the art of flipping properties and making millions[…]
The development and creativity of the real estate industry will be showcased for the fifth consecutive year at the Cityscape Awards for Real Estate in Middle East and North Africa. After what has been a challenging year for global markets, the opportunity to boost morale and positivity within the industry could not be more poignant.
