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Recovery hope keeping South Asians invested in UAE property market

Anjana Kumar Emirates Business 24/7 11.05.2009
Recovery hope keeping South Asians invested in UAE property market

Expats from the Indian Subcontinent are still upbeat about their property investments in the UAE and say they will continue to stay invested in the country despite the slowdown in the realty sector and the drop in prices.

The Jumeirah Group will manage a Dh800 million worth luxury hotel in the garden city of Al Ain, being developed by Abu Dhabi based Al Farida Investments Company.

Abu Dhabi villa rental prices fall by 20%

While rental prices in Abu Dhabi have held steady for apartments, with pent up demand holding the market firm, villas have seen a fall of 20%, as the plummeting prices in Dubai and Al Ain provide prospective tenants with alternative choices.

Property Insight from Dubai: Q1 2009 Market Review

Overview Dubai real estate market is witnessing a major correctional phase with sale and lease rates witnessing a significant drop for the first time since the property market was opened for foreign investment. Over the last 5 months lease rates, sale prices and demand of all the real estate components has dropped considerably.

Prices in Dubai reaching bottom

Property Wire 10.05.2009

Downturn reshapes Dubai’s property landscape

Wayne Arnold The National 10.05.2009
Prices in Dubai reaching bottom

The property market in Dubai has undergone a substantial drop in the last few months offering excellent investment possibilities, according to the latest research.

Downturn reshapes Dubai’s property landscape

There is a two-bedroom apartment on the 25th floor of Jumeirah Beach Residence with an excellent view of Dubai’s property market; where it has been and where it is heading.

Arabtec, partner win $436m contract

Emirates Business 24/7 10.05.2009
The first 2 Centro's by Rotana are coming up.

Rotana announces the opening of the first two Centro Hotels by Rotana in September 2009, introducing a modern, stylish and affordable business hotel brand.

Arabtec, partner win $436m contract

Dubai contractor Arabtec said on Sunday it was part of a joint venture awarded a Dh1.6 billion ($435.6 million) contract in Abu Dhabi.

Dubai layoffs continue; real estate hardest hit

DALIAH MERZABAN Manila Bulletin 06.05.2009
Dubai layoffs continue; real estate hardest hit

Companies across Dubai are cutting fewer jobs than they were earlier this year but new hiring is likely to remain slow until employers are sure the worst of the economic downturn has passed, recruitment executives said.

Emaar Leads U.A.E. Property Shares Lower as Profit Declines

United Arab Emirates real-estate shares declined after Emaar Properties PJSC, the country’s biggest developer, said first-quarter profit dropped 74 percent as the global financial crisis hurt home sales.


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