Dubai Property
Where will the $36 billion in IPO refunds go?
- Over the past two weeks a colossal $184 billion chased two IPOs in the UAE. Now admittedly that money was not real, but even allowing for notional bank gearing of five-times that still leaves $36 billion. By mid-April all that money will be back in a bank account somewhere, and still looking for a home.
- United Arab Emirates: Tuesday, March 21 - 2006 at 08:34 |
New property law, falling share prices: double bonus for realty
- With stock prices tumbling on Tuesday this week, the Dubai Government has issued its long-awaited property law which experts predict will mean a strong uptick in real estate prices that are well below those of comparable cities around the world. Plus former stock market investors now have cash to invest in property.
- United Arab Emirates: Wednesday, March 15 - 2006 at 08:29 |
High rental yields likely to support Dubai property prices
- In the global search for investment returns the pricing of major asset classes has increased to reflect much lower interest rate levels. Interest rates are now on the way back up again but this has so far had little impact on asset pricing. So the search is still on for assets with a good yield like Dubai property.
- United Arab Emirates: Monday, March 13 - 2006 at 10:48 |
Have you noticed Dubai property prices are still going up?
- Academic discussions about the future of Dubai property are one thing. But have you noticed how prices are moving in 2006? So far there is no sign of supply catching up with demand and house prices are still on the way up.
- United Arab Emirates: Sunday, March 05 - 2006 at 12:07 |
New draft property law as expected, no surprises
- Lawyers who have seen the latest draft of the Dubai Property Law are impressed. Dubai residents looking to buy a new home will be granted outright ownership of both the property and the land. There will be no back-peddling from freehold to leasehold.
- United Arab Emirates: Sunday, February 26 - 2006 at 14:07 |
Dubai property now a long-term savings plan
- From being a vehicle to get rich quick, the Dubai property market has matured into a classic long-term savings plan for local residents and nationals. And banks report strong growth in their mortgage business creating a true end-user market. But the days of the speculator are over, at least until the next boom.
- United Arab Emirates: Monday, February 20 - 2006 at 10:47 |
Will the Dubai Financial Market slump fund a second property boom?
- Big investors have been selling off their shares in the Dubai Financial Market. Ironically the company whose shares have been most heavily traded, Emaar Properties, could also be one of the biggest gainers if investors decide to move their cash into local real estate.
- United Arab Emirates: Tuesday, February 14 - 2006 at 10:03 |
Standard Chartered’s positive view of Dubai property
- The economic bulletin published by Standard Chartered Bank last week, which featured Dubai property, has been misquoted in some articles as negative for the sector. Here we review what the bulletin actually said, namely that those waiting for a dramatic price correction were likely to be disappointed.
- United Arab Emirates: Monday, February 06 - 2006 at 11:36 |
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