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Property market stronger in Dubai than Abu Dhabi

Construction Weekonline 02.10.2012
Property market stronger in Dubai than Abu Dhabi

Dubai’s real estate market recovery is more robust than that of neighbouring Abu Dhabi, with steady rent increases and price growth for prime assets across the hotel, retail and residential sectors, Jones Lang LaSalle (JLL) said in its Q3 report.

UAE investors keen on luxury real estate in Malaysia

UAE-based Tasweek Real Estate Development and Marketing is forging into the Malaysian real estate market with its joint venture with Casabrina Vacation Villas. The aim is to development, own, operate and market luxury properties in Malaysia to potential investors from the Middle East.

The UAE is among the top 20 countries on the Global Retail Development Index. — AFP

Emerging real estate market dynamics, long-term return on investment and a robust regional retail sector will be on the agenda at Cityscape Global 2012 next month, as it gets set to host a series of conferences identifying new ventures for those attending the show.

Damac praises Emaar's plan to build ‘The BLVD’

The Downtown Burj Dubai area is fast becoming one of the most desirable addresses in the world, according to a private luxury developer.

Mr. Arif Amiri, Chief Executive Officer, Emaar Retail and Head of Sales, Emaar Properties in front of the newly launched The Address the BLVD.

Dubai: Emaar Properties will build the sixth addition to its The Address Hotels — The Address The BLVD, a five star premium hotel and serviced residences, the property developer announced Sunday.

Property scams unearthed in Dubai

Property owners have turned to the police following failed attempts to recoup owed rental funds from at least two Dubai property firms they hired to rent and manage leased property units.

Total bank exposure to the property market stood at Dh232 billion, the Central Bank said in a report released yesterday. Christopher Pike / The National

Total bank exposure to the property market stood at Dh232 billion (US$63.16bn), the Central Bank said in a report released yesterday.

Dubai Silicon Oasis (DSO) is a free zone in Dubai with special benefits to companies operating within it. And providing various infrastructure services.

Dubai: Dubai’s Real Estate Regulatory Agency (Rera) will be issuing a service fee index next month, top Rera official told Gulf News.

Indians fear property bubble burst back home, find Dubai safe

A few years ago buying a property in Dubai was a sign of affluence for Indians back home, but that’s not the case anymore.

Mumbai's real estate crashes, suburbs turn attractive

Skyrocketing real estate prices in Mumbai and global economic conditions have badly hit Mumbai's real estate sector with sales falling by nearly 70 per cent.

According to the Real Estate Investment Promotion and Management Centre at the Dubai Land Department, Indian investors have bought a total of 2,153 properties valued at Rs 5,670 crore.

DUBAI: Foreign investor purchases in freehold projects in Dubai are still dominated by Indians who have retained the number one spot since foreign ownership regulations were applied, a new research has revealed.

Dubai real estate recovers on safe haven status, Indians main buyers

DUBAI/LONDON: For a key to the recovery of Dubai's real estate market, one need look no further than the Burj Khalifa, the world's tallest tower, which rises out of the desert floor of the city's gleaming downtown area.

Dubai property market shrinks as Iranian investors quit

Iranian investment in the Dubai property market slipped by nearly a quarter to Dh1.5 billion (US$408.3 million) in the first six months of the year from a year earlier as sanctions squeeze buyers.

Abu Dhabi property prices to drop further this year

Property prices in Abu Dhabi are set to fall further as 11,000 apartments and villas are completed before the end of the year.

Dubai Marina skyscrapers tower over the costline in Dubai. (DENNIS B. MALLARI)

Dubai residential property market, previously envisaged to suffer from supply-demand mismatch, will benefit the most as the population is likely to more than double over the next decade and more jobs are being created, says Bank of America Merrill Lynch.

Real estate in Dubai rising rents and property prices

The latest report from a leading property consultancy has found that the residential property market in Dubai is recovering after some difficult years. Sales prices and apartment rents have both risen sharply in the last quarter, making the emirate once again a great choice for overseas property investors.

Real Estate Regulatory Agency in Dubai crackdown on broker violations

Dubai’s Real Estate Regulatory Agency (RERA) is considering fining individual property brokers for violations rather than the firms they work for, it has been confirmed.

UAE's Filipino expats feed building boom

Filipinos across the Emirates are being targeted by big developers at home bidding to build more than 150,000 new units over the next four years.

UAE cheque fraud laws benefit property market recovery: Nakheel chairman

The chairman of property developer Nakheel, Ali Rashid Lootah, accredits the initial financial recovery of Dubai’s property market to a strict enforcement of a policy that criminalizes debt. (Al Arabiya)


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