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Dubai Continues Building on Lower Construction Prices

Chris Hartley Financial Feed 25.02.2011
Dubai Continues Building on Lower Construction Prices

Dubai’s property market collapse has not stopped developers from continuing with construction instead of dealing with legal obligation to give advance payments back to customers. Also, construction sites are active because of a drop in construction costs by 40%. So, projects are being completed at the lowest cost instead of waiting for upturn.

Dubai Marina tops the enquiry list for property buyers in Dubai

Dubai Marina is one of the most popular developments in the emirates to buy property along with Palm Jumeirah and Jumeirah Lake Towers, a report suggests.

6 new property laws that will impact you

Parag Deulganokar Emirates 247 06.01.2011
6 new property laws that will impact you

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.

Luxury redefined at villa development in Dubai

Binesh Panicker Gulf News 02.01.2011

Demand soars for bank loans against property

Priya Nair The Hindu Business Line 02.01.2011
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

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.

Bankruptcy filing highlights stress

Daniel Thomas Gulf News 02.01.2011

Fake distressed sellers cheating property buyers in Dubai

Parag Deulgaonkar Emirates 247 30.12.2010
Bankruptcy filing highlights stress

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

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

Buyers shying away from Dubai property

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.

Aldar lifts Abu Dhabi index, Dubai flat

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.


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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.