Dubai Property

HSBC guaranteed note offers low-cost home finance
In May HSBC will launch a new Shariah compliant, capital guaranteed note denominated in dirhams. Investors in this note can use it as security for 5% home loans, the latest example of lower US interest rates finding a way into the UAE home loan market where typical mortgage rates are a high 7.5%.
United Arab Emirates: Sunday, March 30 - 2008 at 10:36 |

Yield compression to drive Dubai property prices higher
Dubai rental yields have remained stubbornly high in recent years at 7% to 10% depending on the property. But in the coming four years it is likely that rentals will flatten while property values will continue to rise, according to a study from Al Mar Capital.
United Arab Emirates: Thursday, March 27 - 2008 at 15:31 |

Why middle class families should buy in Dubai
High rental inflation and falling real interest rates are the main reasons why any middle class family that plans to stay in Dubai for more than three years should be buying a home. This is exactly the same formula that has turned millions of middle class home owners into millionaires around the world.
United Arab Emirates: Wednesday, March 19 - 2008 at 00:16 |

Dubai property: Average price index
Property prices in Dubai are rising rapidly, but for those planning to buy, it can be difficult to know how much properties in different developments cost. The property index outlines prices for villas, apartments and office space throughout Dubai.
United Arab Emirates: Monday, March 17 - 2008 at 10:41 |

LloydsTSB offers US dollar mortgages on Dubai property
One clever way to position your personal finances to benefit from a possible revaluation of the UAE dirham is to take out a US dollar mortgage on UAE real estate. That way after revaluation the value of your debt will drop in local currency terms and so will your monthly repayments. Meanwhile, the value of your house in US dollars will go up by whatever the amount of the revaluation, and economists are arguing for 3-20%.
United Arab Emirates: Tuesday, March 11 - 2008 at 00:16 |

400 queue for 180 villas released by Emaar
In a scene remarkably reminiscent of the first releases of villas in Dubai six years ago, 400 would-be villa owners were patiently queuing by 9am last Saturday to buy a release of 180 villas in The Lakes and Arabian Ranches, even though some of these properties will not be ready until later next year.
United Arab Emirates: Sunday, March 09 - 2008 at 10:25 |

Commercial Bank of Dubai challenges UAE home loan rates
The 23 mortgage lenders in the UAE have been slow to adjust to falling central bank discount rates, and profit margins on home loans have never been higher. But the Commercial Bank of Dubai has emerged as an unlikely consumer champion with loans from 5% against the lowest general market rate of 7.5%.
United Arab Emirates: Thursday, March 06 - 2008 at 00:05 |

Dubai house prices to top UK property prices in 2008?
A combination of falling UK house prices, the devaluation of the pound sterling and another strong year for Dubai property could result in the previously unthinkable before the end of the year: homes in the UAE worth more per square metre than homes in the UK. It looks a landmark year for UAE real estate.
United Arab Emirates: Sunday, March 02 - 2008 at 09:37 |