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Dubai Property Market to Stabilise by Year-end

DUBAI — The Dubai property market is likely to start stabilising before the end of the year, but property prices will remin flat in the next two to three years as demand will still take time to pick up pace even after the economy recovers, said an executive of Reef Real Estate Investment LLC.

UAE developers in ‘race to gain supremacy’

UAE real estate developers are in a race to establish their standing, according to a report which analyses PR activities of the UAE’s top eight developers and the real estate sector in the UAE media.

Residential properties see 24% fall in Q2 prices

Emirates Business 247 17.08.2009
Dubai house prices plunge into uncharted territory

DUBAI — Just one year ago, property prices in Dubai were surging to record peaks undeterred by a real estate slump in major markets, but they have since gone into free fall and have yet to find the bottom.

Residential properties see 24% fall in Q2 prices

Average prices of residential properties in Dubai fell by 24 per cent in the second quarter of 2009, with the rate of decline now slowing, according to Jones Lang LaSalle Mena.

Dubai property prices down 20% in Q2

Soren Billing Arabian Business 10.08.2009

Dubai Real Estate Down 50% From Peak

STEFANIA BIANCHI The Wall Street Journal 04.08.2009
Dubai property prices down 20% in Q2

Dubai apartment prices fell 17 percent in the second quarter, while villa prices plunged 24 percent, Landmark Advisory said on Sunday.

Dubai Real Estate Down 50% From Peak

DUBAI -- Home values in Dubai have fallen by about half from their peak late last year in the wake of the global real-estate slowdown, a widely watched index of Dubai property prices showed Monday.

Dubai Festival City launches ghostly mega project

Sarah Blackman Construction Week Online 27.07.2009
Dubai's Jumeirah to manage new resort in China

DUBAI, (Reuters) - Dubai luxury hotelier Jumeirah Group said on Monday it had been appointed by Hong Kong's Agile Property Holdings (3383.HK) to manage a beach resort in China.

Dubai Festival City launches ghostly mega project

Dubai Festival City has announced the launch of Casper Theme Park today, adding that it is scheduled to open in the first quarter of next year.

Dubai, Abu Dhabi real estate markets set to strengthen

Tom Arnold Arabian Business 23.07.2009
Dubai, Abu Dhabi real estate markets set to strengthen

The real estate market in Dubai and Abu Dhabi could become stronger by the end of the year as availability of finance improves, the president of developer Tameer Holding Investment said on Wednesday.

Dubai real estate industry to pick up in early 2010: Harbour Report

According to the quarterly Harbor Report, which will be issued at the end of July, the real estate industry will start to pick up in early 2010.


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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.