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Palm Jumeirah still attracting high demand and prices

Offplan Property Exchange 17.03.2009

Project costs fall as land, raw material prices drop

Anjana Kumar Emirates Business 17.03.2009
Palm Jumeirah still attracting high demand and prices

Developers behind some of the most luxurious property in Dubai on the iconic Palm Jumeirah say it is still attracting high demand and prices.

Project costs fall as land, raw material prices drop

Decline in land prices has led to a fall in construction costs while speculators avoid investing in plots due to new regulations from Dubai's Real Estate Regulatory Agency (Rera), said experts.

UAE inflation of 3% predicted

AME Info 17.03.2009

Vision Hotels to Launch Eight Projects in Three Years

T Ramavarman Khaleej Times 16.03.2009
UAE inflation of 3% predicted

Standard Chartered is predicting inflation levels will fall to 2-3% this year in the UAE, but warned that the market was still suffering from a lack of liquidity of around Dhs110bn. While 2009 will be a tough year, the bank believes that the Middle East, Africa and Asia will start to recover next year, earlier than markets in western nations such as the US and UK.

Vision Hotels to Launch Eight Projects in Three Years

Vision Hotels will be launching eight new hotel projects worth Dh600 million in the three-year period between 2009 and 2011, it announced on Saturday.

35 big hotels to open in UAE by 2010

Shakir Husain Gulf News 16.03.2009
35 big hotels to open in UAE by 2010

More than half of the dozens of planned hotel openings in the Gulf over the next two years will be in the UAE, creating thousands of new hotel rooms that will put pressure on rates amid a global travel business decline.

Abu Dhabi's freehold areas 'must be extended'

Abu Dhabi should think about extending the freehold areas in which expatriates can purchase properties in the city beyond the upcoming waterfront and island-living luxury developments, according to Dr Hani Shammah, CEO of developer Bloom Properties.

Consigned to the dustbin of property sector history

Remember the first time you heard the word “BlackBerry”? A fruit, surely. And Wii? That’s got to be something babies do. Until recently, you might have been similarly perplexed in Dubai by the word “premium”.

Dubai property market shows signs of bottoming

Enquiries for properties in Dubai have picked up markedly in recent weeks, according to a survey of local real estate agents.

Property enquiries up but not sales

Cleofe Maceda Gulf News 14.03.2009
Property enquiries up but not sales

An apartment at The Lofts in Downtown Burj Dubai, one of the most desirable locations in town, was selling at Dh2.2 million last June.

Dubai developers now openly acknowledge extent of real estate downturn

A new attitude of honesty is creeping into the Dubai property market as developers begin to open up publicly about the devastating effects of the real estate downturn.


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