The outlook for Dubai’s property market is not expected to improve any time soon, according to a gloomy prediction from ratings agency Moody’s, who think a price recovery will not begin until 2016. Dubai first opened its doors to overseas investors in 2002, granting them freehold ownership rights at a number of developments, and this
Rental Rates in Dubai’s International City Set to Be Squeezed Even More
October 12, 2011 by
The state backed developer Nakheel is set to release another 26 buildings to buyers in Dubai’s International City, totaling around 1,663 units, and this is likely to push rents in the beleaguered development even lower, according to a report in Arabianbusiness.com. International City is a project aimed at low and middle income groups, and
Real Estate in Dubai Rumored to Be Recovering, Again
October 3, 2011 by
Apparently the real estate market in Dubai could be on the verge of a recovery as property prices in prime locations have shown their first increase since the beginning of the recession. Prices of villas located in various luxury developments such as the Meadows, Arabian Ranches and Palm Jumeirah have increased by around 1% since
Kuwaiti Investors Buying Dubai Real Estate
August 9, 2011 by
Kuwaiti investors currently account for nearly 60% of Dubai property purchases by GCC nationals, according to figures just released by the UAE Ministry of Finance. These findings have been backed up by DAMAC Properties who are a luxury Dubai-based developer who confirm they have noticed an increase in inquiries from Kuwaiti nationals over the last
Property Experts Divided Over Worth of Three-Year UAE Visas
August 3, 2011 by
The recent news that some UAE home purchases will be able to obtain three-year property visas has divided real estate experts, as some believe it will have little effect on Dubai’s ailing real estate market while others think it could increase foreign sales. In June the government decided to offer extended visas to those who
Dubai Real Estate – Not Dried Up Yet
June 14, 2011 by
Just when you thought the American real estate industry was in trouble, news from Dubai suggests things are not much better there. IN the past two years some 200 plus real estate projects have been canceled according to the Real Estate Regulatory Authority there. RERA reviewed some 450 projects, only 237 of which seem destined for completion.
