Real Estate

Dubai Marina Is the Top Choice for Property Investment

Even after financial collapse, locals and guests prefer Dubai Marina for buying a luxurious apartment. Dubai Marina is one of the famous places to buy and rent properties, even after the economic down fall it continues to be the top choice of people interested in making Dubai property investment. People...
July 30th, 2010 | Dubai Investment | Read More

Debt-laden Dubai World tries to win over creditors

DUBAI, United Arab Emirates — Dubai World formally presented its $23.5 billion restructuring plan to scores of creditor banks Thursday as it seeks closure to its months-old debt crisis, but made clear that wrangling over the deal could grind on for some time. The meeting was the first full gathering...
July 23rd, 2010 | Real Estate | Read More

3 ETFs Impacted by Dubai’s Real Estate Bust

Dubai may boast about the world’s highest building, Burj Khalifa, a rocket-shaped edifice soaring 2,717 feet with views reaching almost 60 miles, but with almost zero occupancy rates in the building and those around Dubai are good enough reasons to see the realities on the ground. One doesn’t...
July 23rd, 2010 | Real Estate | Read More

Lack of Sales Leaves Dubai Property Buyers Guessing on Prices

A lack of Dubai home sales and foreclosure auctions is stalling a recovery because buyers aren’t able to gauge how far prices have fallen during the market’s two-year slump. “There are very few transactions at the moment,” said Craig Plumb, head of Middle East research at broker Jones Lang LaSalle...
July 22nd, 2010 | Real Estate | Read More

Two-Day Summit Set to Reshape Real Estate

Dubai: The Land Department’s regulatory arm, the Real Estate Regulatory Agency (Rera) led a bid to encourage region wide cooperation on regulation is set to take a major step forward with a pivotal summit for the sector to be held in Dubai. The Middle East North Africa Real Estate Society (Menares)...
July 18th, 2010 | Real Estate | Read More

Dubai Developers Face Refinancing Risk

July 18 (Bloomberg) — Dubai’s property companies may face significant refinancing risks as the emirate’s real estate market will likely remain under pressure until at least 2012- 2013, Fitch Ratings said. The property industry “is likely to see a period of stagnant growth at best and a double-dip...
July 18th, 2010 | Dubai Developer | Read More