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DubaiFocus to offer Dubai property data

Dubai, February 23, 2009

A comprehensive collection of reports on real estate deals and transactions within Dubai is being offered by reidin.com through its product DubaiFocus, said a statement.

 

With a comprehensive database dating back to 1973, DubaiFocus provides daily information on all types of land, villa and flat deals, including sales, mortgage, lease, grant, inheritance that transpire within the emirate, with aims of addressing the unique requirements of real estate market professionals. As a testament to the credibility of its information, reidin.com’s exclusive partner and primary data source for this first-of-its-kind information service includes the Real Estate Regulatory Authority (RERA) and the Dubai Land Department.

 

“The real estate market is facing unique challenges today, with issues on liquidity and investor confidence posing significant threats to development progress and investment return promised by development companies to their customers,” said Ahmet Kayhan, CEO, reidin.com. “However, based on the trends, which we have established by looking into the extensive bank of market information at our disposal, we are positive that the Dubai property market will still be the busiest, as transactions and investments will remain comparatively high.

 

“With the USA and Europe reeling over the repercussions of the economic crisis, we predict a considerable rise in foreign investments who will be heading towards more stable regions such as the GCC, especially Dubai.”

 

Investments from across the GCC into the Dubai real estate market have crossed Dh5 billion ($1.35 billion) in 2008, thereby underlining the emirate’s strong pull among regional real estate players and its role in driving the UAE’s position in global land sales rankings, where it currently holds the fourth highest spot.

 

In 2008, the UAE has accounted for 5.8 per cent of worldwide land sales, which also reflected an increase of 1.348 per cent since 2007, according to FutureBrand, a reidin.com information partner. The highest total GCC investment into Dubai c


Tags: Construction | Dubai | GCC | FutureBrand | DubaiFocus | Reidin |

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