On location at Dubai's Ibn Battuta Gate development Andrew Chambers, MD, Asteco Property Management reflects back on the 26 year old company with Phil Blizzard. He then talks about the highs of 2007, the current state of the market, where leasing prices in Dubai has seen drops of between 30% and 50%, and looks ahead to what we can expect 12 months down the road.
In part two of this property report, Ian Ohan, Head of Investment Transactions, Jones Lang Lasalle, tells Edward Poultney why the reduction in Abu Dhabi's housing prices is a very positive step, why real estate funds are beginning to come under pressure to invest, and which asset classes they will be concentrating on.
Ian Ohan, Head of Investment Transactions, Jones Lang Lasalle, tells Edward Poultney where the region's property markets currently stand, why investors may be starting to look at Dubai again and when funds are expected to return to investing in the sector.
In part two of this property report interview, Heather Wipperman-Amiji, CEO of Investment Boutique, tells Edward Poultney what developer consolidations mean for Dubai's real estate sector, where the market can go from here, and why the fundamentals mean that the emirate will recover in the medium term.
With agencies reporting an increase in property transactions over April and May, Heather Wipperman-Amiji, CEO of real estate advisory firm Investment Boutique, tells Edward Poultney why she thinks that the Dubai real estate sector has further to fall before bottoming out, and what effect unit differentiation is having on the market.
A development in a picturesque setting, linked to a 5 star beach resort and with villas providing a fixed rental income sounds an attractive prospect. Phil Blizzard reports on the project and also talks to Ashraf Al-Agamawi, Resident Project manager, The Cove, Ras al Khaimah.
Edward Poultney takes a look at the progress of Abu Dhabi's Yas Island Formula One track and the infrastructure that is being put into place to ensure that the master developer meets the November 1 deadline.
Bargain basement prices due to foreclosures offer good buying opportunities in these recession hit times, says Mike Bridge. Also in this segment of Property Talk, presented by Phil Blizzard, we look at UAE property auctions and some useful tips on the procedures involved in buying property.
Numerous indicators show that Dubai's real estate market will take a further hit this summer with people relocating out of Dubai due to shifts in the job market. Phil Blizzard and Mike Bridge at the Worldwide Property Show, Dubai, discuss this and take a look at some value for money propositions, mortgages and exchange rates.
Adel Lootah, Executive Director of Dubai Property Society, tells Edward Poultney why developers in the emirate should ignore negative international press reports, and why the Real Estate Regulatory Authority (Rera) must continue in its drive for greater transparency.
A sweeping look at one of Dubai's most fascinating developments which encompasses contemporary designs and old world style. Phil Blizzard takes a 180 degree look at Downtown Burj Dubai - sweeping from the Palace Hotel to Burj Dubai, including the fountains, through to Dubai Mall and across to the Address Hotel.
RERA rental index, the new regulations on residential visas for property owners are just a couple of topics looked at by Phil Blizzard and Mike Bridge in this edition of Property Talk, which comes from the Arabian Travel Market, Dubai.
Property Talk comes from Cityscape Abu Dhabi with Phil Blizzard and Mike Bridge looking at some recently published real estate surveys and previewing The Mansions by Nakheel at Jumeirah Islands, Dubai.
Phil Blizzard and Mike Bridge talking property at Cityscape Abu Dhabi, looking at the state of this real estate exhibition by reviewing the first major property show in the region since the start of the economic slowdown
Falcon City of Wonders, Dubailand aims to provide 'The World in One Place' for both visitors and investors. Although dogged by delays, Phil Blizzard found himself looking down on an imposing model of the project showing global icons such as the Taj Mahal and the Eiffel Tower whilst talking to CEO Salem Al Moosa at Cityscape, Abu Dhabi.
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Experts say the persistence of a thriving grey market for business jets in the Middle East remains the biggest hurdle to the growth of the sector in the region.
The 13th Congress of the Middle East Society for Organ Transplantation (MESOT) was inaugurated by H.E. Sheikh Nahayan Mubarak Al Nahayan, Minister of Higher...
Saudi Arabia occupies four-fifths of the Arabian peninsula. Jordan, Iraq, Kuwait, the Gulf of Oman, Qatar, the United Arab Emirates, Oman and Yemen border it. To the west lies the Red Sea.