Dubai Property
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 |
Market for Dubai villas remains strong
- The slowdown reported in apartment sales in Dubai has not been apparent for villas. Even off-plan villa sales are still going strong, and the re-sale market remains a seller's market. This new dynamic to the market has been developing for some time.
- United Arab Emirates: Tuesday, January 31 - 2006 at 14:48 |
Will Abu Dhabi's real estate plans impact on Dubai?
- This week Aldar Properties advisor Christopher Sims told the City Expansion conference in Abu Dhabi that the emirate plans Dhs1 trillion, or $270 billion, in new construction projects. So how will this huge explosion of real estate development in neighboring Abu Dhabi affect Dubai?
- United Arab Emirates: Wednesday, January 25 - 2006 at 10:24 |
Dubai apartment prices rebound, villa prices up by 31%
- The Dubai property market is so youthful it has a few solid statistical indicators. But the Investment Boutique Housing Price Index established in July last year is an exception. It shows villa prices per up 31% in 2005, and apartment prices virtually unchanged after a summer slump.
- United Arab Emirates: Thursday, January 19 - 2006 at 09:10 |
Should you rent or buy in Dubai in 2006?
- Three years ago this column argued that the case for buying was overwhelming, both for investment and living. Prices have soared and rentals too; those who bought look happy. But for buyers today prices are higher and the rental outlook less sure. So what to do?
- United Arab Emirates: Thursday, January 12 - 2006 at 08:48 |
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