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Two Residential Developments Of Aldar Properties Are In Their Final Stages Of CompletionFriday, March 30, 2012 The director of estates in Aldar Properties, Mohammad Al Za’abi says that the two beachfront residential developments of the company namely, Al Zeina and Al Muneera, are in their final stages of completion. These residential developments are expected to be ready for handover by the end of the second quarter of 2012.
Al Muneera consists of 1455 units out of which 11 are villas, 148 are townhou ... more |
Supply Of New Units Elicits A Decline In Abu Dhabi RentsFriday, March 30, 2012 At the end of first quarter of 2012, the performance report of the UAE real estate is published. The report shows that rental rates in Abu Dhabi in the first quarter of year 2012 dropped right after the new supply hit the market.
According to report, the rental amounts of both apartments and villas in Abu Dhabi fell around 5 percent during the first three months as compared to rental values of ... more |
Property Search Trends Tool LaunchedThursday, March 29, 2012I would like to take this opportunity to thank all of you for the outstanding response to our fantastic 4 features which we launched just last week. It is appreciation and encouragement like this which inspire us to bring more and better services for our invaluable members. March has been nothing short of magnificent for Bayut and its wide spre ... more |
Dubai Rental Market Reports 1% Rise In Rents During Q1Tuesday, March 27, 2012 Asteco reports that the prices rents of Dubai villas and apartments mainly stagnant with an average rise of one percent in Q1 of 2012. It says in a report that the occupancy rates of the premium developments are rising slowly especially for the residences which are low in number. Number of listings of certain types of units is quite low in The Greens and Downtown Dubai community and this low avail ... more |
Investors Prefer Emaar Properties’ Villas Over ApartmentsTuesday, March 27, 2012 According to an official at Emaar Properties, for reliable developers in Dubai, revenue generation for apartments has dropped by 85 percent in year 2011 whereas villas sale rose to 85 percent during the same year. The official gave this statement while disclosing the annual financial statement of Emaar Properties for the year 2011.
The revenue from apartment sales fell to Dh1.11 billion from Dh7 ... more |
Dubai To Establish A Cultural District For The VisitorsMonday, March 26, 2012 Like Abu Dhabi, Dubai has also planned to build a cultural district to attract tourists. The plan was announced on Wednesday 21st March according to which the district would include a museum, an opera house and two art hotels. As per the vice president of the UAE and prime minister, Sheikh Mohammed, Opera House District, and Modern Art Museum would be located in Downtown Dubai.
According to ne ... more |
Dubai Agents Report That Home Sales Are Increasing In DubaiThursday, March 22, 2012 As per the data of Emirate Land Department, mortgage lending has increased by 59% in Dubai as compared to the previous year. Property prices increased by 12% during 2011 and the market is about to hit the bottom. Dubai property market is mainly attracting those buyers who are interested in villas. The data also showed that home sales during the Q4 of 2011 increased by 67% as compared to the previo ... more |
Dubai Sports City Developers Plans To Complete Six Projects In 2012Thursday, March 22, 2012 The master developer of Dubai Sports City, which was launched in 2003 as a mixed used project, has declared in response to a question from Arabian Business that it has plans to deliver between six to ten projects during this year. The developer also highlighted that it has further plans to deliver other projects in the next three to five years.
The developments and sub-developers’ developments ... more |
Manazel Real Estate Plans To List On Abu Dhabi Stock ExchangeWednesday, March 21, 2012 A well-known Abu Dhabi developer, Manazel Real Estate has recently planned its listing for Abu Dhabi Stock exchange. Its chairman has declared that the company has initiated the process with UAE’S market regulator owing to the fact that market is expected to perform better during this year. With the total assets of $ 1.39 bn and around 3000 shares, Manazel Real Estate aims to provide mid income ho ... more |
Things To Consider Before Buying Residential Property In DubaiWednesday, March 21, 2012 According to James Garbutt, the joint managing partner of real estate consultancy Realpoint, homebuyers are not familiar with the potential problems, which can occur while hunting residential property in Dubai. If buyers want to get most out of their investment, they must avoid making assumptions about the real estate market.
Garbutts’ firm provide multiple real estate services including consu ... more |
Dubai Offices Ranked 12th For World’s Most Expensive Office RentsTuesday, March 20, 2012 In a new research of Knight Frank, Dubai has ranked on 12th number with respect to the highest prime office rents in the world. In Dubai, rents of $76.22 are charged per square foot, which are double the rents charged in Saudi Arabia and Riyadh. Last year, Riyadh was on 43rd number on the list owing to the fact that the rental values of prime offices in Saudi Arabia reached $40.88 per square foot. ... more |
Zenith Of Luxury: Dubai’s 20 Finest PropertiesTuesday, March 20, 2012 Dubai real estate has not been doing great since economic crunch 2008 in general but for any wealthy guy willing to buy a luxury villa in an elite town of Dubai such as Palm Jumeirah, the city has no lack of options. The rich ones can get the best by paying a handsome amount of around AED 172 million for Palm Jumeirah’s most expensive and the priciest property recently listed for sales in the UAE. ... more |
Fantastic 4 New Features LaunchedMonday, March 19, 20122011 has been a spectacular year for Dubai real estate which has evidently reflected on the performance of Bayut as well. Your favourite Dubai real estate portal is continuing to expand at a marvelous pace. Not only are the site's members increasing with every passing week but it is also showing a sharp spike in the numb ... more |
The Possible Merger Sparks Consolidation Among Other UAE CompaniesMonday, March 19, 2012 According to the news, the possible merger between Aldar and Sorouh is expected to spark consolidation among other companies in the UAE and would add to the value of the real estate shares in the short term. The (possible) merger is positive for the real estate sector as well as many other sectors of Abu Dhabi as well. Since a lot of activity is expected to take place in Dubai and Abu Dhabi with t ... more |
More Mergers Are Expected Since Abu Dhabi Real Estate Has Slowed DownMonday, March 19, 2012 The recent planning of a possible merger between two of Abu Dhabi’s property developers, Aldar and Sorouh, is leading the experts to think that the real estate sector of Abu Dhabi is going through a market cycle. Owing to the fact that after experiencing the peak, now the Abu Dhabi real estate has slowed down, experts predict that more mergers can be expected during the following year. This is bec ... more |
Dubai Homes Show A 2.3% Rise In Value During The Last Three MonthsWednesday, March 14, 2012 |
The Finalised Dubai Property Agreements Are Appended At The Last Minute By The Property OwnersWednesday, March 14, 2012 One of the disgruntled buyers of Dubai property has reported that he finalized the property deal for Dh 2.5 million but the seller withdrew the offer and sold it to another buyer for 2.9 million. The buyer also attempted to peruse the issue through legal channels by asking the RERA to intervene but no action was taken.
This incident goes to show the need of protecting the rights of buyers in Du ... more |
Aldar And Sorouh To Go Into a Dh12.61 Billion MergerWednesday, March 14, 2012 Sorouh Real Estate and Aldar properties, two renowned developers, are planning a possible merger. As of 31st December, 2011, the combined value of the assets of both the firms was Dh 13.61 billions.
Before making the final decision, a team would be set up to consider all the legal and commercial aspects of the merger, see the options and make recommendations to the both developers. The decision ... more |
UK Authorities Are Seizing Dubai Homes Owned By FraudstersMonday, March 12, 2012 |
Poorly Constructed Buildings Of Dubai Are A Greater Problem Than OversupplyFriday, March 09, 2012 According to James Garbutt, the joint managing partner of a local real estate consultancy, poorly constructed developments in Dubai are a greater issue as compared to oversupply. He said that the global investors are of the same opinion and if this issue is not addressed soon, it can hamper the investment decisions of the foreign investors in Dubai real estate.
He added that Dubai real estate is ... more |
Dubai Experiences 84% Increase In Its Property TransactionsWednesday, March 07, 2012 Dubai Land Department’s recently released data shows that the total number of property transactions have increased by 84% during the first two months of 2012 compared to the same period in 2011. Property sales worth US$96 million in the month of January have helped the sales value to increase by 33% in comparison to its performance last year.
The real estate performance during the first two ... more |
Premium Property In Dubai Is Expected To Remain Immune From The New SupplyWednesday, March 07, 2012 Cluttons said, the sale of the residential properties in Dubai is rising, since the residential market is now more transparent and secure than ever. Though the new supply has been scheduled to be added to the market in the following year but this supply would not make any difference on the prices of the premium property in Dubai.
Data from the Dubai Land Department shows that the performance o ... more |
27% Rise In Construction Contracts Expected In The UAEMonday, March 05, 2012 According to a few predictions and speculations, the real estate industry has begun treaded the path towards recovery and stability. The UAE construction sector has started showing signs of recovery that have also begun to reflect on its statistics. In 2012, the construction sector is predicted to move out of crisis with the help of new projects estimated at $15.068 billion. This figure is 26.57% ... more |
Extension In Grace Period For Old Tenancy Contract Registrations Granted To Landowners And Tenants In SharjahFriday, March 02, 2012 |
