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Developers' dilemma on repossessed property

Parag Deulgaonkar Emirates 247 25.12.2010
Property to be one of Dubai’s best sectors in 2011 – Damac MD

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

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.

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.

Dubai shares slump to 3-month low on property, earnings concern

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.

Big developers accused of hurting Dubai property

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.

Dubai Islamic Bank to launch property investment trust

Gregor Hunter The National 26.11.2010
Dubai sees biggest gain in 3 weeks; property up

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.

Dubai Islamic Bank to launch property investment trust

Dubai Islamic Bank (DIB) plans to launch the UAE's first real estate investment trust in a move the bank hopes will rekindle the Dubai property market. Real estate investment trusts, commonly called REITs, allow investors to buy into a portfolio of properties, which pay income from rents and sales in much the same way as a mutual fund profits from equities.

Dubai to restart property auctions this month

Parag Deulgaonkar Emirates 247 09.11.2010

Long property visa to aid recovery

Parag Deulgaonkar Emirates 247 09.11.2010
Dubai to restart property auctions this month

The Dubai Land Department (DLD) is likely to restart property auctions, including foreclosed properties, from this month, according to a law firm.

Long property visa to aid recovery

As most of the respondents of Hadef and Partners have sought removal of criminal liability for cheques issued in good faith between private parties, 88 per cent say long-term residence visa options are likely to aid in the recovery of Dubai’s realty market.


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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.