Dubai Property

Early repayment penalties cost Dubai home finance groups customers
In the year to September 2006 total home loans granted in the UAE stood at only $7.4 billion and represented just 7.7 per cent of total private sector lending, according to the latest Central Bank data. But the home loans sector is poised for massive growth over the next couple of years as Dubai real estate projects are completed and end-users take up loans to buy them.
Sunday, February 25 - 2007 at 10:47 |

Optimistic report challenges the correction consensus on Dubai real estate
Several blue-chip reports on Dubai real estate have established a consensus view that the market is heading for a significant correction next year after a transition during 2007. But the recently formed Richville Advisory Group has published its own optimistic assessment which challenges this gloomy conclusion. Who is right?
United Arab Emirates: Sunday, February 18 - 2007 at 08:36 |

How will the Dubai 2007 rent cap impact on house prices?
Last week the Dubai Property Group held a breakfast briefing on the 2007 rent cap legislation which imposes a seven per cent limit on rises this year. But on the margins of the meeting realtors fretted about the impact on investors and prices, and hoped that the market mechanism would reappear as soon as practical to set rents.
United Arab Emirates: Sunday, February 11 - 2007 at 10:22 |

Dubai real estate transactions up 88% to $17.8bn in 2006
Commendably fast publication of 2006 data by the Dubai Land Department has shown that real estate transactions hit a new peak of $17.8 billion, up by 88 per cent on 2005.
United Arab Emirates: Sunday, February 04 - 2007 at 10:05 |

Would a Dubai real estate correction be a threat or opportunity for the UAE banks?
The Deutsche Bank report on the UAE banking sector published this week highlighted the $9.4 billion in loans still outstanding from the recent stock market crash. These loans have yet to turn bad and so no write-offs have been made as the borrowers are mainly super high net worth clients. But what if realty crashed?
United Arab Emirates: Tuesday, January 30 - 2007 at 10:39 |

A second report explores the supply and demand imbalance
The EFG Hermes report on Dubai property has been followed by a new study by Shuaa Capital and Colliers International. It claims that 71,800 new units will be handed over in 2007 and 43,000 in 2008, leading to a supply and demand shortfall that will soften the rental market by up to 25 per cent in some projects.
United Arab Emirates: Wednesday, January 24 - 2007 at 13:27 |

Does Dubai face a Singapore or Hong Kong style correction?
EFG Hermes excellent report on Dubai property published last month concluded that 2007 would be a year of transition in the local market with a downturn thereafter. It highlighted the pattern of gentle decline seen in Singapore from 2000-2003 as the most likely future scenario, but Hong Kong offers another model.
United Arab Emirates: Monday, January 15 - 2007 at 10:52 |

Oil prices, liquidity and Dubai real estate
The falling oil price has kept Dubai real estate share prices under pressure since the New Year as investors’ reason that lower levels of liquidity in the Gulf countries will be bad for property developers. But how much of a concern should declining oil prices be for the local real estate market?
United Arab Emirates: Thursday, January 11 - 2007 at 10:26 |