UAE Property News

Quailty and amenities will drive demand in property market, claims report

Residential property markets in the United Arab Emirates will continue to mature this year, with quality and amenities driving demand, according to a new report from real estate consultants Cluttons.

Cluttons also anticipates an improvement in occupier demand in the commercial sector where rents are expected to bottom out in 2012 with minimal further reductions. [click to continue…]

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Thumbnail image for Banks, investment firms and researchers expect further steep falls in UAE prices

Banks, investment firms and researchers expect further steep falls in UAE prices

April 22, 2011

Residential property prices in Dubai are set to fall another 10% before they stabilise, while prices in Abu Dhabi will drop another 20%, according to a new poll. Dubai, famous for the world’s tallest building and man made islands in the shape of palms, is also famous for its spectacular drop in property prices and [...]

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Thumbnail image for Villa rents still falling in Abu Dhabi, latest property report shows

Villa rents still falling in Abu Dhabi, latest property report shows

April 12, 2011

Villa rents in Abu Dhabi have fallen 8% in the first three months of 2011 with lower quality properties suffering the most, according to the latest real estate report from management company Asteco. This is on top of a 5% decrease in the last quarter of 2010 and according to Asteco, the high volume of [...]

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Thumbnail image for Analysts expect property prices in Dubai and Abu Dhabi to fall further

Analysts expect property prices in Dubai and Abu Dhabi to fall further

February 23, 2011

The fall in property prices in Dubai is slowing analysts are not expecting any sudden improvement in the emirate’s real estate market. Sale prices fell 1.9% and rents were down 0.7% in January, according to figures from Deutsche Bank. ‘We still do not see any improvement in fundamentals that could trigger a recovery,’ said analysts [...]

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Thumbnail image for New property index shows property sales and values falling in Abu Dhabi

New property index shows property sales and values falling in Abu Dhabi

February 11, 2011

Residential property sales in Abu Dhabi fell during the last three months of 2010 and prices are down by up to 12%, according to a new real estate index for the emirate. The Abu Dhabi Property Index, launched by real estate specialists Cluttons who have had a dedicated Middle East presence since 1976, will benchmark [...]

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Thumbnail image for UAE property agency launches help scheme for real estate investors

UAE property agency launches help scheme for real estate investors

July 28, 2010

A property agency has launched a service to help investors of off plan property in the United Arab Emirates recover the value of their purchases. The Smith and Ken agency said its Real Estate Recovery Scheme works via a like for like credit note to the value of what they have already paid against one [...]

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Thumbnail image for Analysts expect further 10% plus price falls in residential property in Dubai and Abu Dhabi

Analysts expect further 10% plus price falls in residential property in Dubai and Abu Dhabi

July 12, 2010

Residential property prices in Dubai are set to fall another 10% and those in neighbouring Abu Dhabi by 13% in 2010 as supply expands in both markets, according to a new survey. Dubai’s once booming property market has been hit hard as a result of the global financial downturn and the Gulf state’s debt crisis [...]

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Thumbnail image for New real estate laws in the UAE offer more protection for the property industry

New real estate laws in the UAE offer more protection for the property industry

March 12, 2010

Two new real estate laws in the United Arab Emirates will improve protection for buyers, investors and landlords. A new decree by the Dubai Executive Council will provide more protection to home buyers as well as increasing the Land Department’s role as mediator in property disputes.

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Thumbnail image for Demand steady for luxury holiday villas on the German island in iconic Dubai project The World

Demand steady for luxury holiday villas on the German island in iconic Dubai project The World

February 22, 2010

Demand for real estate in Dubai has moved from an over supplied onshore market to exclusive holiday homes particularly offshore projects on the manmade The World, it is claimed. Kleindienst Group, the developer of The Heart of Europe project on The World islands development, launched sales of 20 villas on its Germany island in December and has [...]

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Thumbnail image for Surge in high paid workers looking for property abroad, report shows

Surge in high paid workers looking for property abroad, report shows

February 10, 2010

Anticipation of end-of-year bonuses has resulted in a 23% surge in interest in international property as confidence returns against a backdrop of improved global economic prospects, it is claimed. The Primelocation International Search Index recorded more than 1.8 million foreign property searches in December and an annual increase of more than 200%. Spain and Turkey saw the highest monthly [...]

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Thumbnail image for Abu Dhabi prices increasing but next door in Dubai they are plummeting, report shows

Abu Dhabi prices increasing but next door in Dubai they are plummeting, report shows

October 30, 2009

They may be neighbours but the property markets in Dubai and Abu Dhabi appear to be going in opposite directions, according to a new report.The global economic crisis has resulted in an increasing divide between the two real estate markets with property prices falling 53% in Dubai in the last year but rising by 36% in Abu Dhabi, [...]

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