News

Dubai apartment and villa prices keep on falling

Posted on: 06.09.2010, Category: Dubai properties
The price of property in Dubai is continuing to fall, with apartments sliding by 2.25 percent in July in comparison to June, according to a local real estate data firm.
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Housing fee extended to pre-2005 connections

Posted on: 03.09.2010, Category: Dubai properties
A top official from Dubai Municipality said that the municipality would collect the housing fee of 5 per cent of the rent amount by adding it to the Dewa bill.
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'40% complete' rule may cost property defaulters

Posted on: 31.08.2010, Category: Dubai properties
Developers rush to ensure 40% completion as this will enable them to issue notices and repossess properties
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Deadline for house owners body may be extended

Posted on: 31.08.2010, Category: Dubai properties
Although proactive developers in Dubai have started using strata consultants to meet the October deadline for registration of owners' associations, an extension to the cutoff date might be a possibility, according to Strata consultants.
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Sharjah restricts property ownership to UAE and GCC nationals

Posted on: 31.08.2010, Category: UAE properties
The ruler of Sharjah, Dr Shaikh Sultan Bin Mohammad Al Qasimi, has issued a decree restricting foreign ownership of land and properties to UAE and GCC nationals, Gulf News has reported.
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Auction route may not fetch developers the right price

Posted on: 25.08.2010, Category: Dubai properties
Auction may not be the preferred option for developers since it might not fetch them the desired value, legal experts said.
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Dubai real estate sector first to recover

Posted on: 22.08.2010, Category: Dubai properties
Ali Rashid Lootah says rents and property prices stabilizing
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Renting still the best option for most

Posted on: 20.08.2010, Category: UAE properties
Nearly two years after the start of the financial crisis and property slowdown, the vast majority of the UAE’s residents do not own homes here, according to a survey of attitudes about the UAE’s economy.
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Now is the time to invest in commercial property

Posted on: 19.08.2010, Category: Dubai properties
Select assets in strategic locations could generate healthy returns as there is plenty of opportunity when compared to the residential market
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Nakheel to restart six projects

Posted on: 18.08.2010, Category: Dubai properties
Nakheel will resume work on at least six projects by early October as it settles outstanding bills with contractors.
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