International Property Investment » Dubai properties

Dubai Property Investment :: Dubai Holding Gets $555 Million Credit Extension

admin — Fri, 16 Jul 2010 07:07:57 +0000

Things in Dubai seem as dire as ever, the crash continues to take its toll with the amount of foreclosures in Dubai still climbing and developers struggling to stay afloat. The latest news fro Dubai concerns Dubai Holdings subsidiary, the Dubai Holding Commercial Operations Group, which has just been granted a two month extension to their revolving credit facility of $555 million.

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The Next Steps for Dubai’s Property Market

admin — Mon, 26 Apr 2010 11:40:13 +0000

Abu Dhabi Finance has recently announced that they are reducing their interest rates to a minimum of 5.5%. This has been seen as a positive move by many of Dubai’s property agents who believe that if the Dubai banks follow suit it could lead to an increase in market activity. It is obvious that the key factor in business is cash flow and if the cost of a mortgage and maintenance is higher for the landlord than the rent he is receiving for the property, it undoubtedly causes inequality and restrictions for the market place. Furthermore it does not encourage future buyers to enter the Dubai real estate market. Currently the lowest available interest rate in Dubai is 7.5% which may not be allowing existing and new landlords to maintain or grow their business.

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Dubai properties Sama Dubai and Tatweer merge

admin — Tue, 25 Aug 2009 09:07:03 +0000

Dubai Properties, Sama Dubai and Tatweer have merged in an attempt to lessen the impact of the financial crisis. Dubai holding now consists of just 4 divisions instead of the previous 7 - investments, hospitality, property and business parks. there is also talk of merging Emaar properties into this new vehicle.

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