Real Estate


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.

Dubai real estate a worthwhile investment: Merrill Lynch

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.

Four Seasons to Open Dubai Resort

World Property Chennel 27.06.2012
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.

Four Seasons to Open Dubai Resort

Four Seasons Hotels and Resorts, in collaboration with UAE-based holding company Bright Start L.L.C., recently announced plans for a resort property in the heart of Jumeirah Beach.

Dubai property agents fined $245,000 in H1

Arabian Business 26.06.2012
Dubai property agents fined $245,000 in H1

The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department, said on Tuesday it has imposed fines totalling AED900,000 on 22 real estate companies and brokerage firms during the first half of the year.

Property investors in Dubai can seek refund and damages

Developer’s failure to complete or handover a property within a certain timeframe from date specified in the sales contract, deliberate intention of defrauding an investor or altering the specifications of the unit without obtaining requisite permission will soon allow investors to recover all the amount by them.

Sellers getting greedy as Dubai realty prices soar

Growing demand for good properties in Dubai is resulting in many owners backing out of deals, even after signing a Memorandum of Understanding (MoU), which has legal implications in place.

Dubai property: New Emaar Ranches project

The project will have two and three-bed townhouses, with the likelihood of the current owners of Arabian Ranches being given the first option to buy these properties, market sources said. Emaar had not yet responded to questions at the time of publication of this article. Data from propertyfinder.ae reveals that the average price of townhouses in Al Reem cluster is Dh2.28 million with average price per square feet being Dh807, while the average price for Alma Townhouses is Dh2.59 million and per square feet is Dh935. Real estate agents say that although there is good demand for villas/townhouses in Arabian Ranches, Emaar needs to price the product properly, within the Dh1,000 to Dh1,200 per square feet bracket. In March, the website reported that Emaar was selling the 18 Golf Homes, or luxury villas, located in the Arabian Ranches Golf Course for between Dh7.3 million and Dh11 million.

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