Dubai’s real estate market has started the new year with a bang, generating Dh12 billion ($3.26 billion) transactions in just 15 days, said a report from Dubai Land Department (DLD).
The land plots recorded 520 transactions
The current market conditions in Dubai are conducive to sustained investment, with real estate prices almost 25 per cent below the 2008 peak, according to a recent report in the Financial Times.
Yields of 7 per cent gross are now
Propertyfinder.ae, a leading property website in the UAE, recently hosted the region’s first ever real estate awards in Dubai, UAE, to celebrate achievements in listing quality, customer service and marketing.
Dubai’s real estate sector is expected to emerge as one of the principal beneficiaries of the development of Al Maktoum International Airport at Dubai World Central (DWC), a masterplanned aerotropolis, said an industry expert.
Dubai real estate developers may issue bonds to fund a growing pipeline of new projects - and market movements suggest they would attract strong investor demand, despite the sector's crisis just a few years ago.
In the past, m
Dubai World's property arm Nakheel said its planned Islamic bond, part of its $10.9 billion debt repayment proposal, has been delayed due to administrative reasons.
The developer, which overstretched itself w
Better times are ahead for Dubai real estate sector as investors regain confidence with the re-emergence of key lenders onto the marketplace, while Abu Dhabi faces a downward pressure on commercial and residential rental prices, said a recent
The Dubai real estate industry will continue to be stressed in 2010 and the emirate's economy will be reliant upon other forms of revenue generating activities as its economic model is re-configured in response to the new realities, said a new
Asset management group wasl has announced that work on its Dh645 million ($175.6 million) Ras Al Khor project is on track to meet the handover scheduled between April and September.
The project will bring on line 1,732 leasehold resid
A marked increase in volatility combined with seasonally low liquidity, led to a loss in the equity markets across the region in August 2008.
These factors, along with a spate of negative publicity on the Dubai real estate market and forei