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6 new property laws that will impact you

Parag Deulganokar Emirates 247 06.01.2011
Real estate industry and property investors expect some major government initiatives to be launched this year. (GETTY IMAGES)

From an investor protection law in Dubai, to a mortgage law for Abu Dhabi, 2011 will be a watershed year for property legislation

New Year celebrations at iconic Dubai property

Millions of people around the world watched fireworks displays at The London Eye, Sydney Harbour Bridge, Times Square in New York, along with the Burj Khalifa in Dubai last weekend.

Six new property laws that will impact your investment

Parag Deulganokar Emirates 247 05.01.2011

Luxury redefined at villa development in Dubai

Binesh Panicker Gulf News 02.01.2011
Real estate industry and property investors expect some major government initiatives to be launched this year. (GETTY IMAGES)

From an investor protection law in Dubai, to a mortgage law for Abu Dhabi, 2011 will be a watershed year for property legislation

Luxury redefined at villa development in Dubai

Dubai is not alien to luxury residential communities, with themed developments that contain high-end villas, townhouses and apartments; the luxury market in Dubai has plenty to offer. Interestingly, while Dubai's overall residential sector is adversely affected by oversupply, the luxury segment seems to be confronting an entirely different challenge — that of undersupply.

Demand soars for bank loans against property

Priya Nair The Hindu Business Line 02.01.2011

Bankruptcy filing highlights stress

Daniel Thomas Gulf News 02.01.2011
Demand soars for bank loans against property

Encouraged by the growing demand for loans against property as collateral, banks are trying to revive this business. But they are guarded, want to avoid the risk of over-valuation.

An artist's impression of Al Murjan's White Bay development in Umm Al Quwain

Dubai It was one of the most recent visible signs of the cash flow constraints faced by the local property market when Al Murjan Real Estate, the company behind a $3-billion stalled residential development in Umm Al Quwain, filed for insolvency in November. This episode attracted attention not just because it was the first court-mandated bankruptcy of a distressed property project after the financial crisis began, but also because it puts the spotlight back on a number of projects put on hold in the country.

Fake distressed sellers cheating property buyers in Dubai

Parag Deulgaonkar Emirates 247 30.12.2010
Picture used for illustrative purposes only. (FILE)

All property transfers need to be done through the Dubai Land Department, a senior government official has said.

A view of buildings is seen in Dubai.

A new report has indicated that nearly half of the newly-built apartments in Dubai are failing to attract buyers, amid growing economic crisis in the United Arab Emirates.

STOCK WATCH: Dubai's Emaar Properties added 0.9 percent in early trade on Tuesday (Getty Images)

Abu Dhabi's Aldar Properties led a rally, climbing 1.8 percent, after falling in the previous two sessions. Aldar gained 1.8 percent. The indebted developer has previously said it expect to receive a government support package by the end of the year.

DAMAC PLANS: Damac is planning to deliver eight projects in Dubai during 2011 (Getty Images)

The CEO of Damac, one of Dubai’s biggest property developers, has said that the real estate sector in the emirate is on track for revival in 2011.

Developers' dilemma on repossessed property

Parag Deulgaonkar Emirates 247 25.12.2010

Foreign investor confidence in UAE property on the rise

Parag Deulgaonkar Emirates 247 23.12.2010
A number of developers admitted they had repossessed properties, but were uncertain on whether to sell them through an auction at a lower price or just put them up for lease till the market recovers. (AFP)

Although developers in Dubai are uncertain on whether to lease or auction the repossessed units, an expert says time is good to lease than sell.

Foreign investor confidence in UAE property on the rise

Confidence of international investors in the Dubai property market has increased, but steps need to be taken to ensure that contractual provisions negotiated by buyers can ultimately be enforced, says a UK-based law firm.

Potential setback for Dubai property market

A Place in the Sun 21.12.2010

Nakheel deal with lenders by Jan

Emirates 247 17.12.2010
Potential setback for Dubai property market

Despite various claims that the Dubai property market is on the road to recovery, Dubai property experts project that residential prices will continue to fall across many parts of the emirate if more new home in Dubai are released onto the market.

Nakheel deal with lenders by Jan

Nakheel real estate company expects to reach a final debt restructuring deal with its creditors in January before it starts issuing Dh6 billion bonds in the first quarter of 2011, its chairman was reported on Thursday as saying.

Abu Dhabi changes property rules

Eva Fernandes Kipp Report 10.12.2010
STOCK WATCH: Kuwait's Zain hit a three-week high and other bluechips also rose

Dubai shares retreated to the lowest in almost three months after Standard Chartered forecast home prices in the emirate will fall in 2011 and on concern gains in the second half have outpaced earnings prospects.

Abu Dhabi changes property rules

A new expat property ownership law in the capital says expats can own property… but only in investment zones. Kipp takes a closer look.

A motorcyclist enters the premises of Emirati property developers Nakheel

DUBAI — Dubai's real estate regulatory body on Thursday accused the Gulf emirate's state-backed master developers of damaging its ailing property market by continuing to build despite a rampant oversupply.

Property developers to expand real estate business in UAE

General Shaikh Mohammed bin Zayed Al Nahyan who is believed to be the Crown Prince of Abu Dhabi and the Deputy Supreme Commander of the UAE Armed Forces has jointly signed up a treaty/contract in relation to real estate.

 
PROPERTY GAIN: Property stocks helped Dubai to its largest gain in 3 weeks, while Kuwait and Qatar indexes slumped

Property stocks helped Dubai's index make its largest gain in three weeks, with renewed confidence on European markets helping convince investors to hold open positions over the long UAE weekend.

 
 

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