Middle East Real Estate
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A rapid succession of interest rates in the US and UK is taking its toll on real estate.
First, property sales slowed markedly and then sellers started to become ‘more realistic’ in their expectations. If …Read full article » United Arab Emirates: Saturday, December 11 - 2004 @ 15:25
One house in the Meadows villa compound was recently advertised as ‘premium upgraded’.
A visit to the villa revealed that the owner had installed marble floors throughout, four marble bathrooms with gold taps, new kitchen …Read full article » United Arab Emirates: Thursday, December 02 - 2004 @ 10:14
Last week Amlak Finance announced an important development in the local finance market. Amlak will now lend against independent property valuations, rather than restricting finance to the original selling price of a new property.
At …Read full article » United Arab Emirates: Saturday, November 20 - 2004 @ 09:05
Those who could have bought Dubai property two years ago, and did not are already kicking themselves.
Of course not everyone would have seen the price of their villa double as on The Palm, Jumeirah …Read full article » United Arab Emirates: Monday, November 15 - 2004 @ 10:44
Dubai estate agents employed extra staff in anticipation of a rush of sales this Ramadan with the extra time off work for nationals and expatriates allowing more time for shopping for property.
In the event the …Read full article » United Arab Emirates: Monday, November 08 - 2004 @ 12:06
The leading Dubai property developers are tightening up their act to prevent speculation getting out of hand. Some will now not allow the re-sale of partly-paid apartments for two years, and transfer fees can be …Read full article » United Arab Emirates: Saturday, October 23 - 2004 @ 10:40
The arrival of some big speculators, the like of whom buy up 250 villas in one go, has spooked some potential average investors in Dubai property. However, the investment case for the average buyer who …Read full article » United Arab Emirates: Sunday, October 17 - 2004 @ 11:01
The Dubai property market is booming with headline sales of thousands of units in one day. But caveat emptor, that means thousands of deposits. Most of the ‘buyers’ are looking to sell their deposit at …Read full article » United Arab Emirates: Sunday, October 10 - 2004 @ 17:12
It is always instructive to examine the pages of the Gulf News property section for the nuts-and-bolts of the market, and in particular the re-sale market.
At present the re-sale market looks very hot. It does …Read full article » United Arab Emirates: Monday, October 04 - 2004 @ 08:36
To say the Dubai real estate market is hot may be an understatement judging from last week’s sale of 7,000 upscale villas on Nakheel’s new Jumeirah Village project in the Emirates Hills district. The previous …Read full article » United Arab Emirates: Saturday, September 25 - 2004 @ 08:39