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Tameer Delivers Its Second Residential Tower In DubaiMonday, August 27, 2012 Tameer, a renowned real estate developer, said that it has delivered its second residential tower in Dubai. Located in Dubai Marina, the Elite Residence tower, a 91 storey building that is 381 metres tall, is the world’s third tallest residential building and stands among the world’s top 20 tallest buildings of all kinds.
Elite Residence is situated closer to Tameer’s another landmark project Pr ... more |
Dubai Property Valuations Fell By A Over Quarter In First Half Of 2012Friday, August 24, 2012 As per sources, the official government agency which is responsible for reporting property valuations has revealed that Dubai property valuations have fallen by 26% in H1. REAC (Real Estate Appraisal Centre) at Dubai Land Department at the request of property owners valued 1,090 properties at AED42bn in first half of the year.
Head of REAC, Mohammed Al Dah, says that net value of assessed proper ... more |
Finally UAE Real Estate Market Is Showing Signs Of Slow RecoveryFriday, August 17, 2012 It is now around 4 years when the UAE realty sector was hit hard by the worst economic crises back in 2008. This economic crisis stopped the development activities in Dubai but now conditions have been improved to a significant extent and the UAE real estate is showing signs of recovery.
As per market experts, the sector is expected to bounce back slowly due to careful re-engineering of major de ... more |
CBRE Reports A Decline Of 24% In Abu Dhabi Residential RentsThursday, August 16, 2012 As per the report of real estate consultant, CBRE, rents of residential property in Abu Dhabi fell by nearly a quarter in last year. The declining trend of Abu Dhabi property is likely to ease by new visa regulations which were announced earlier this year.
The report also highlights, compared to previous quarter, rental rates of residential property in Abu Dhabi declined by 4% in second quarter. ... more |
Asteco To Set Up A Site To Auction PropertiesThursday, August 16, 2012 UAE based real estate consultant company Asteco is about to launch an online property auction website just to entice international investors for the Gulf state’s property market. According to company’s spokesperson, the company has signed a deal with US based LFC International Real Estate Brokerage firm to offer these services. Both institutional and individual investors from overseas are particul ... more |
Apartment Sales Revenue Doubled For EmaarWednesday, August 15, 2012 |
Dubai Real Estate Attracted $5.9 BN Foreign Investment In H1Wednesday, August 15, 2012 As per Dubai Land Department (DLD), Dubai real estate market remained successful in attracting foreign investment worth AED 22 bn in the first half of 2012. The Real Estate Investment Promotion and Management Centre reveals 12,875 properties have been purchased by foreign investors having various nationalities during the first six months of the year. The properties purchased by them include land, ... more |
Damac Reports Strong Growth In Dubai Real EstateMonday, August 13, 2012 According to reports issued by Damac, Dubai property market has experienced a 5.6% increase in the serviced apartment section over the last six months. The developer has further revealed that they are experiencing greater interest of known investors from India, Russia, and Saudi Arab in Dubai properties and they find the local market quite sound and stable for investment.
As per reports issued b ... more |
Nakheel Sold Palm Jumeirah Plot For AED 400mMonday, August 13, 2012 Nakheel reveals on Sunday that it has sold a plot in Palm for $109 m (AED 400 m). The piece of land had an area of 305,704 sq foot and has been bought by some local investor. Nakheel also says that this sale indicates quality products such as property on Palm are more in demand. This sale also indicates the renewed signs of investor confidence on Dubai property sector.
Nakheel says that since i ... more |
Dubai Real Estate Becomes A Safe Haven For Asian InvestorsFriday, August 10, 2012 According to news, the safe heaven status of Dubai real estate market is aiding recovery of the sector. For that, take the example of the tallest skyscraper in the World, Burj Khalifa, in which Indian citizens remained the largest buyers of commercial space and luxury apartments during the first six months of 2012. Indians spent US$222 m while Iranians remained the second largest buyers of Burj Kh ... more |
Abu Dhabi Residents Will Be Fined For Drying Laundry OutsideThursday, August 09, 2012 |
Eastern Mangroves Units Are Up For Lease In Abu DhabiWednesday, August 08, 2012 Tourism Development and Investment Company (TDIC) has put forward residential units at the Eastern Mangroves for lease before handing over properties in the first phase of the development that is due in September.
There will be 48 three bedroom apartments and 2 four bedroom penthouses in the development and annual rent starts at AED 260,000. The development also includes 5 star Eastern Mangroves ... more |
Iranians Snapped Up Property Worth $128 M In Burj Khalifa During H1Wednesday, August 08, 2012 As per data from Dubai’s government, during the first six months of this year Iranians investors purchased property worth $128 m in Burj Khalifa. Since the sanctions on Iran stopped Iranians investors to access banks, in many cases they used cash to purchase property in the world’s tallest tower, the Burj Khalifa.
Dubai’s Land Department said on Tuesday that after Indians, Iranians remained the ... more |
Nakheel Reports A Slash In Its Trade Claims By 85%Tuesday, August 07, 2012 |
H1 Report Shows The Volume Of Dubai Land Transaction Is Going UpTuesday, August 07, 2012 A senior official associated with Dubai real estate sector reveals that the volume of land transactions in Dubai has reached AED 636 billion in the first half of 2012. It is 21 percent more than the transactions conducted in the same period in 2011.
Overall in the emirates, a total of 18,953 transactions have taken place by the end of June at an average of 133 per day. This number includes eve ... more |
Dubai Property Prices Predicted To Hit 2008 LevelMonday, August 06, 2012 A prominent real estate chief in Dubai predicts that property prices in Dubai can roar back to their 2008 highs. He says particular assets in Dubai property market are undervalued right now but property prices can return to their 2008 levels. According to the CEO of Wasl Asset Management, Hesham Al Qassim, current prices indicate that now is the best time to invest in Dubai property market. Hesham ... more |
New Supply, New Problems - Abu Dhabi Rents Expected To Fall FurtherWednesday, August 01, 2012 Jones Lang LaSalle highlights in its recent report that future additions to property supply is expected to further lower rents in Abu Dhabi during the followings year. Due to delivery of high quality projects across all the sectors in Abu Dhabi, the property sector of federal capital is becoming competitive and tenant friendly.
The report also highlights that during the period of tight economic ... more |
