August 28, 2008
- Fire in Dubai Kills Eleven Indian Laborers
Another fire in Dubai has killed at least ten, possibly eleven Indian laborers
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India’s consul in Dubai, Venn Rajamony has said that 10 Indians are among those killed in a fire that broke out in a building packed with foreign labourers. (…)
August 26, 2008
- Guaranteed Residence Visas in Dubai removed
The Master Developers in Dubai have removed the clause that guarantees a residence visa for property buyers from contracts they enter into with sub-developers
[caption id="attachment_640" align="aligncenter" width="500" caption="Dubai Skyline Pushes through the clouds"][/caption]
“There was a clause in our previous contracts that assured us that master developers will guarantee residence visa. (…)
August 19, 2008
- Dubai Introduces new Mortgage Law
The Dubai government introduces new mortgage laws to try and regulate the market
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Another new law has just been introduced in Dubai, covering mortgages, and is expected to help better regulate the market and boost investor confidence, officials and analysts said on Tuesday. (…)
August 10, 2008
- Dubai to take steps to curb property boom
After years of rampant growth and short-term speculation, it appears the authorities are going to take measures to discourage this continued growth and are looking into ways to slow things down
A recent report by Standard Chartered Bank suggested that a 50% capital gains tax would be one way to stop the short term speculators from entering the market. (…)
August 4, 2008
- Soaring construction costs in Dubai
The prices of building materials are expected to rise by approximately five per cent during the third quarter of 2008 due to record oil prices, rising freight overheads and soaring demand. (…)
July 30, 2008
- Investing in Property in Dubai - No shortage of new developments
The volume of property sales in Dubai is poised to rise as more global investors enter the Gulf markets, said Blair Hagkull, MD of Jones Lang LaSalle, a real estate investment and advisory firm. (…)
July 26, 2008
- Dubai property investing – goodbye to the speculators?
According to Standard Chartered Bank, real estate speculators need to be rooted out of Dubai’s housing market, and introducing a fifty per cent capital gains tax on properties bought and sold within a period of twelve months could be the best way to discourage short-term flippers
Curbs against speculators would reduce house prices and improve the stability of the market, the bank stated in a recent research paper. (…)
July 17, 2008
- Investing in Dubai Property – Seasonal slowdown seen
A report released yesterday said Dubai Real Estate is witnessing a seasonal slowing in price appreciation. (…)
July 14, 2008
- Dubai Arab UAE Properties – $600 million contract awarded
Dubai (UAE) real estate developer Sweet Homes has awarded a six hundred million dollar contract to Sweet Homes General Contracting for the construction of its flagship project - Ajman Uptown
SHGC is a new division of the Sweet Homes Group (SHG) launched during the groundbreaking ceremony to commemorate the start of construction work on the Dh3 billion township in Ajman. (…)
July 10, 2008
- New Regulations to Protect Buyers in Dubai
New regulations covering off-plan sales of real estate are to be issued soon to prevent developers from charging registration fees
The Dubai Lands Department said the rules would set out clear mechanisms and procedures - and officials hope they will reduce the number of disputes between developers and buyers. (…)
July 7, 2008
- Dubai is Still an Attractive Investment Market and News of Another Super-Tower in Dubai
The Gulf property market still has attractive opportunities for investors seeking to escape a global fall in property investment transactions according to a leading real estate consultancy
Robin Williamson, managing director of DTZ’s Middle East operations, said although the worst of the first phase of the sub-prime crisis appears to have passed, the credit crunch has further to go and will continue well into 2009, particularly across the European and US property markets. (…)
June 27, 2008
- Dubai Urban Development Continues to grow and Asian Investors get a Preview of New Developments
Between now and 2015, Dubai will witness nearly 15 square miles added to its urban area from a single development. (…)
June 24, 2008
- Dubai to Introduce Short Term Visas for Foreign Investors
Dubai is to introduce a set of short-term visas for foreign investors in the real estate sector. Be warned. (…)
June 1, 2008
- Tamweel Launch Property Investment Company
Tamweel Properties & Investments LLC to focus on property investment and brokerage services
Move in line with resolutions approved at recent EGM
Abdulla Nasser Abdulla named CEO of Tamweel Properties & Investments LLC
Dubai, June 1, 2008:Â Tamweel, the largest provider of real estate finance in the UAE, announced today the establishment of Tamweel Properties & Investments LLC, a fully owned subsidiary that will focus on real estate investment and also offer brokerage services. (…)
May 29, 2008
- Dubai Up, Mumbai Down- CBRE Office Rents Report
CB Richard Ellis’ semi-annual Global Market Rents survey puts Dubai in the top ten most expensive office markets for the first time. Mumbai has slipped down to fourth place. (…)
May 19, 2008
- New Real Estate Development Company Launched in Dubai
New Real Estate Development Company Plans to Attract US$600 Million from International Investors by December
Property House, an ambitious US$1 billion real estate and property management company, was launched today by Muhammad Nazir, a leading businessman with diverse investment interests in the UAE, Pakistan and Turkey. (…)
May 5, 2008
- Deyaar Development Sells Out Latest Offering Oakwood Residency
Despite many’s worries over the astounding number of new developments in Dubai(including our own), Deyaar, showing an impressive level of investor confidence, has managed to sell out their latest offering on the opening day of the launch - a $123 million tower- Oakwood Residency. (…)
April 30, 2008
- Green Development in Dubai
Is it just me, or does there seem an inexhaustible supply of new property developments coming out of Dubai? (…)
April 24, 2008
- Dubai Investor Survey Highlights Worries
Security and Trust are the greatest concern for more than half of respondents
The results of a recent survey on the Dubai real estate sector have highlighted the main areas of concern for those buying property in Dubai as; security & trust and construction delays. (…)
March 17, 2008
- CTBUH 8TH World Congress Highlights Dubai as a Model of Sustainable Urban Future
According to the UN: 50 percent of the world’s population resides in urban cities, growing to two-thirds in 25 years; by 2015, 23 ‘mega cities’ will exist with nineteen of them located in developing countries
Dubai - Tuesday, March 11th 2008: The Council on Tall Buildings & Urban Habitat (CBTUH) ended its 8th World Congress with participants agreeing that Dubai is well suited to lead the world in creating sustainable dense cities, if it followed new radical fundamental planning and sustainable designing strategies. (…)
