ArabianBusiness.com - Middle East Business News
Thursday, 12 December 2019 21:43 UAE time
Real Estate Special Report

Value of Dubai land deals reaches $512m

Real Estate
Value of land transactions in Dubai last week reached AED1.88bn - Dubai Land Dept.

  1. Cityscape Dubai deal rooms' demand plummets
  2. Real Estate Special Report

Credit crunch frustrates investors in Dubai hotels
Travel & Hospitality
More foreign buyers eyeing Dubai hotel properties; face problems to get loans.

Nakheel to focus on project completion this year
Real Estate
Statement says it will also focus on "managing customer collections", "debt maturitues".

New visa law 'soon' for Dubai property buyers
Real Estate
Business leader says new regulations will clarify the rules for real estate investors.


Talking Real Estate

Are estate agents the smartest guys in town?
Years of sitting by the phone simply taking sales orders has left Dubai's estate agents with no idea of how to be estate agents, says Anil Bhoyrul.

Anil Bhoyrul  

Waiting on RERA’s reality check
These are tricky times for Dubai's RERA which is coming under heavy fire from some industry experts, says Andrew White.

Andrew White

Have Your Say

"When do you think the real estate sector will recover in the Middle East, and what will be the most important catalyst?"

Air Your Views

RELATED STORIES

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    Aldar says Abu Dhabi still key market for future

    UAE capital's largest developer also set to move more into asset management.


    Sorouh set to build more affordable housing

    Senior Abu Dhabi company official says more cheaper home for Emiratis on agenda.


    Nakheel says on target with Al Furjan project

    Master developer set to deliver phase one of Dubai community scheme in Q4 2010.


    Abu Dhabi rents up to 40% higher than Dubai

    Jones Lang Lasalle says Dubai is now the cheap option for workers in UAE capital.


    One cheque rent demands set to relax in Abu Dhabi

    More flexibility in terms of cheques to come next year as demand relaxes - broker.


    RERA announces house price index plan for 2010

    Dubai's real estate watchdog to introduce new initiative to benchmark prices.


    Tanmiyat says investor defaults could hit 50%

    Saudi developer adds that it is offering string of concessions to keep rate low.


    Emerging markets under threat from mature ones - Trump

    Property developer says days of foreign buyers turning up with cash-filled briefcases over.


    Emaar sees merger taking 'reasonable time'

    Merger would be one of the biggest in the Middle East, regulators looking into the deal.


    Waha Capital eyes aquisitions of up to $1bn

    Abu Dhabi-based firm is looking at the maritime, financial and leasing services sectors - CEO.


    Union Properties expects 'remarkable' Q3 profits

    UPDATE 1: New general manager says firm open to merger proposals but no talks yet.


    Trump Tower will not happen 'any time soon'

    Donald Trump Jr hopes work on cancelled hotel and tower will begin in two years.


    Cityscape Day 1 - as it happened

    Find out who made the news during the first day of four at Dubai's premier property show, Cityscape 2009.


    Mideast real estate execs earn average of $10,340 a month

    Survey of propery professionals also reveals that 24% have lost jobs in last year.


    61% unhappy with UAE estate agents - survey

    Only 12% of home buyers praised their broker in poll highlighting short-comings.


    Exhibition space falls 30% at Cityscape Dubai

    On eve of show, organisers also say number of participants set to drop by 20%.


    Dubai house prices seen rising 4-6% until 2015

    Property broker Chestertons says real estate market showing signs of recovery.


    Abu Dhabi, Saudi, Qatar to lead real estate rebound

    Jones Lang Lasalle investor poll adds that over-supply worries will slow Dubai recovery.


    Cityscape 2009 - a reality check

    After the A-list celebs of last year, Dubai's property show is set to be a low key affair, says Damian Reilly.


    No discounts offered to Emaar, Nakheel - Cityscape

    Show chiefs say no cheap rates are being offered, talks continue with other developers.


    Nakheel, Emaar u-turn on Cityscape Dubai

    UPDATE 1: Property giants will take part in show after all following talks with organisers.


    Limitless joins big name Cityscape absentees

    Developer says it is not attending event due to global downturn.


    Cityscape Dubai keeps it real

    Rohan Marwaha, managing director of Cityscape speaks about this year’s property event.


    Emaar, Nakheel both no shows at Cityscape

    UPDATE 1: Property giants say focus is on project completion amid downturn.


    Cityscape Dubai expects 30% fall in visitors

    EXCLUSIVE: MD predicts major impact of global downturn on real estate show.


    Cityscape Dubai rates rise despite crisis

    EXCLUSIVE: Cost of exhibiting at Dubai real estate show rises by up to 15%.


    Cityscape Dubai deal rooms' demand plummets

    Hotel popular with developers to seal property deals sees big drop in bookings.


    UAE gov't to recapitalise Tamweel, Amlak

    UPDATE 1:Tamweel chairman believes UAE's proeprty market has bottomed out. 


FEATURES
  1. Views from the top
  2. Testing Times
  3. Recovery Position
  4. Opportunity in a downturn

SPOT POLL

Will the easing of rules on property loans by banks encourage you to buy?

Yes - moves to offer 70% mortgages have encouraged me to think about buying.
Yes - better mortgage deals have encouraged me to think about buying, but I am waiting for prices to drop further.
No - mortgages will have to be around 80% to 90% for me to be able to buy.
No - I will never buy a property in the Gulf after the real estate problems of the past six months.

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