Dubai Property
7% rent cap strikes a note of realism for 2007
- The announcement of a seven per cent cap on rental increases in Dubai during 2007, and a ban on any rise at all on new rentals taken in 2006, was greeted enthusiastically by tenants. However, it is not such good news for landlords, investors and developers who will have to work harder to make their business plans stand up.
- United Arab Emirates: Wednesday, January 03 - 2007 at 08:24 |
EFG Hermes points to 2008 as crunch time for Dubai realty
- Investment banker EFG Hermes has just published a 45-page analysis of the Dubai real estate market with a new assessment of supply and demand. Dubai has a demand for 40,000-50,000 residential units per year, says this study and 69,000 units are to be delivered in 2007. But 2008 is the real problem.
- United Arab Emirates: Sunday, December 24 - 2006 at 08:23 |
Will Dubai become the next Hong Kong for real estate?
- Hong Kong is the most densely populated city on earth with some of the most highly priced real estate. This reflects the high rolling economy of this special economic zone of China, and the sheer amount of money stored in property. Could Dubai become a similar location for high value real estate in Arabia?
- United Arab Emirates: Sunday, December 17 - 2006 at 09:14 |
Is Dubai property really two distinct markets?
- So long as the supply of completed property in Dubai falls short of the demand from existing and arriving residents then there will be pressure on rental prices and the cost of homes. At present contractors are falling behind their schedules which delays the onset of new supply, contributing to this supply shortage.
- United Arab Emirates: Sunday, December 10 - 2006 at 10:00 |
Time for greater caution on Dubai real estate
- Those that bought early in the Dubai property market made a very good investment, and the doom merchants missed the opportunity of a lifetime. But that does not mean that later comers will enjoy the same success, or that early winners who are now loading up on property again will be a winner for a second time.
- United Arab Emirates: Sunday, December 03 - 2006 at 08:03 |
Lower cost mortgages now essential to sustain Dubai boom
- The high cost of local mortgages in Dubai leaves room for lower rates to follow that could sustain Dubai house prices even in a market downturn. For as this start-up real estate market moves to greater maturity the mortgage sector is the key to reaching international real estate price levels and sustaining them.
- United Arab Emirates: Saturday, November 25 - 2006 at 10:17 |
Endless new real estate projects ought to raise eyebrows!
- Are all the new real estate development projects now being announced in Dubai on an almost daily basis actually going to get built? Or will investors be handed back their checks later, or worse still end up losing their money with the developers going under? This is certainly a time for greater skepticism by buyers.
- United Arab Emirates: Sunday, November 19 - 2006 at 08:25 |
Which parts of the property market are most vulnerable to a Dubai downturn?
- It is almost accepted wisdom that the Dubai property market will undergo a correction, with debate mainly over the timing and extent of a downturn. Therefore, it seems realistic to begin looking at which parts of the market are most likely to be affected and which are most protected from a slowdown.
- United Arab Emirates: Monday, November 13 - 2006 at 12:31 |
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