Dubai Property

Will supply and demand burst the Dubai real estate bubble?
The arrival of a Korean developer and the promotion of rotating towers are surely separate symptoms of a bubble in Dubai real estate. Foreign firms are usually the last to arrive, and outlandish proposals are only taken seriously during the most bullish of times. But supply and demand is the issue of greater concern.
United Arab Emirates: Sunday, April 15 - 2007 at 11:58 |

Dubai is a safe haven from crime and regional instability but not traffic
One big source of buyers in the Dubai real estate boom is wealthy people fearful of the future of their own country. There is also solid evidence to support the low-crime status of Dubai. But the rising accident toll on the Dubai roads, which are among the most dangerous in the world, is only now being seriously tackled.
United Arab Emirates: Monday, April 09 - 2007 at 08:47 |

DCCI population figures highlight demand shortfall
A new official forecast says the Dubai population is set to increase by 432,000 by 2010. With an estimated 70 per cent of this number comprising laborers, maids and low-paid workers this translates into a demand for 13,000 mid-to-upper level units per annum to house an additional new 129,600 higher income residents.
United Arab Emirates: Monday, April 02 - 2007 at 08:35 |

6,916 JBR apartments to test supply and demand theories
This week starts the delivery of the first of 6,916 apartments in the Jumeirah Beach Residence which will be completed by June. The sudden introduction of such a large number of similar apartments in one place has long been seen as a test case for the capacity of the Dubai property market to absorb new supply.
United Arab Emirates: Wednesday, March 28 - 2007 at 08:32 |

Could Dubai prices ever reach Hong Kong levels?
The gap between house prices in Hong Kong and Dubai has narrowed. But the Chinese city still boasts some of the most expensive real estate in the world, costing up to three times more than comparable Dubai property. And yet income and wealth in Hong Kong is not so different from Dubai these days.
United Arab Emirates: Sunday, March 25 - 2007 at 08:59 |

Why Dubai condos are not like Miami and will avoid a real crisis
The overbuilding of Miami condominium buildings is worrying realtors. They point to 10,000 completions this year and 10,000 next year, while only 11,000 units were absorbed by the market in the previous decade. Importantly the developers are highly leveraged and so are the off plan buyers of many of these units.
United Arab Emirates: Thursday, March 15 - 2007 at 09:15 |

Beware of realty prices that are too good to be true!
The sudden wave of cut-price off-plan real estate sales in Dubai should set alarm bells ringing. Have developers suddenly found a way to build a cheaper product to meet customer demand, or are they desperately trying to pull in the last punters because they are getting short of cash?
United Arab Emirates: Thursday, March 08 - 2007 at 09:23 |

How long will a Dubai real estate correction last?
Experts largely agree that with the property completions coming up in Dubai over the next six months that a correction in the market is almost inevitable next year. However, whether this proves to be a short-term phenomenon, and buying opportunity, or a long-term shift towards lower rentals and valuations is still a matter for debate.
United Arab Emirates: Monday, March 05 - 2007 at 10:03 |