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Union move lifts property in UAE

The National 23.01.2012
Property experts call for clarity on disputes

Property experts in Dubai are calling for more clarity in legal proceedings and quicker resolutions for real estate disputes, as a flurry of investors seek refunds and compensation from developers.

Union move lifts property in UAE

Property and construction stocks edged the Dubai Financial Market (DFM) higher yesterday after Union Properties replaced a key executive.

Dubai property market still weighed down by new supply

Although residential property prices are rising slightly in certain areas of Dubai, most neighbourhoods are still seeing price declines as new supply continues to impact the market, according to two recent reports.

Figures reveal over 200 cancelled property projects in Dubai

Over 200 real estate projects in Dubai have been cancelled in the last two years as the emirate’s real estate sector slumped as a result of the global economic downturn, official figures show.

Property buyers face improper fees

The National 02.06.2011
More gloom for Dubai property market as prices keep falling

Hopes that political turmoil in the Middle East might boost the property market in Dubai have faded as the latest real estate report shows that prices are still falling.

Property buyers face improper fees

Developers in Dubai are routinely overcharging home buyers thousands of dirhams in registration fees and for service charges, property experts say. The practice is "massively widespread", said Michael Lunjevich, a partner in the law firm Hadef & Partners.

New code for Dubai property market to increase transparency

A new code for corporate governance in Dubai's real estate market is being put together in a bid to improve the property market’s transparency, it has been confirmed.

Dubai property market is improving

Dubai property prices are falling at a slower pace and in some parts of the emirate are even showing further signs of stabilisation, according to the Asteco Q1 2011 report.

Knight Frank: Dubai the worst performing housing market in the world, Hong Kong the best

Over the past six months, the desperately tumultuous housing markets of Greece, Spain and Portugal have all successfully surpassed Dubai’s rock bottom real estate sector, according to a survey published by property consultancy Knight Frank.

Foreign investors back in hunt for Dubai property

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 interest from overseas clients. Such investors are mainly from countries within the GCC or Eastern Europe, indicating a growing sentiment that Dubai’s property market is now offering investors greater value for money”.


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