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Visa issue key to boosting UAE market - experts

Alex Delmar-Morgan Arabian business 03.06.2009
Visa issue key to boosting UAE market - experts

Property industry experts on Tuesday said the UAE’s visa plan for expatriate homeowners was key to kick-starting the real estate market.

UAE real estate consultancy firm’s advisory a good reference point for prospective buyers

Leading real estate consultancy firm in the UAE capital city, Landmark Advisory in its first sales price map for Abu Dhabi has unveiled rates pertaining to residential properties in the various areas of the UAE capital city. It is for reference of prospective buyers looking to invest in the property sector of Abu Dhabi.

Pricing is priority for UAE's second property auction

Alex Delmar-Morgan Arabianbusiness.com 29.05.2009
UPDATE 1-UAE property market starting to bottom out -HSBC

DUBAI, (Reuters) - The real estate market in the United Arab Emirates is beginning to bottom out as prices stabilise, but values could still fall further as more property comes onto the market, HSBC said in a report released on Sunday.

Pricing is priority for UAE's second property auction

Property consultant Sherwoods, which is to hold a public real estate auction next week, may whittle down the number of lots from 50 to 20 as it looks to beat down reserve prices to attract buyers.

Influx of new foreign capital crucial for UAE real estate sector

Business Intelligence Middle East 28.05.2009
Why was UAE’s first property auction a flop?

None of the four properties up for bidding made their reserve price at Dubai’s first property auction held by Madania Real Estate, on Tuesday, reports Zawya.

Influx of new foreign capital crucial for UAE real estate sector

UAE. The Real Estate Specialists, a complete real estate solutions provider with over 20 years experience in the Gulf region, has recently announced that it is leveraging its extensive global network of partners and customers to support an ongoing campaign to boost consumer confidence in the UAE's real estate market.

Current realities in property market force UAE real estate firms to realign business model

UAE's leading property consultants strengthens its bouquet of offering to look into the high jump in re-sale transactions within the UAE real estate sector. Firm indicated that re-sales accounted for an estimated 95 per cent of property transactions in the first quarter of 2009, a complete turnaround from just around 30 per cent in the previous year.

AME Info, Abu Dhabi, United Arab Emirates, Real Estate Briefs

May 25--RENTS FALL 40 PERCENT IN DIFC: A new report by property consultancy CB Richard Ellis finds that commercial rents at the Dubai International Finance Centre (DIFC) have fallen 40 percent in the past six months, from a peak of Dhs750 ($204) a square foot to Dhs450 a square foot, with some private landlords offering further reductions. Other areas that have been hard hit by declines in occupancy and lease rates are Jumeirah Lake Towers and 'Site C', an area developed by TECOM close to The Greens.

No more property market speculation for a generation

Jonathan Howell-Jones kippreport 27.05.2009

Analysts divided on UAE mortgage crisis

Nadim Kawach Emirate Business 247 26.05.2009
No more property market speculation for a generation

The property market speculation that fueled growth in Dubai and around the world is unlikely to return for at least a generation, according to Nobel economist Paul Krugman. Speaking at the Megatrends conference in Abu Dhabi, he said, “If we wait a couple of generations, we might have it happen. I think this has been one hell of a lesson for people who thought that real estate prices only go up.”

Analysts divided on UAE mortgage crisis

A sharp decline in the UAE real estate market over the past few months after rapid growth in the previous two years has underscored fears about a possible mortgage crisis in the country.


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