Real estate consultants Asteco Property Management is to launch an online property auction website in a bid to lure more international investors to the United Arab Emirates.Read full article: [Online property auction launches in UAE to attract foreign buyers]
Land transactions in Dubai increased 21% to reach AED63 billion in the first half of 2012, figures from the emirate’s land department show.Read full article: [Signs of stability and movement revealed in the Dubai property markets]
Dubai’s Real Estate Regulatory Authority is considering introducing a requirement for landlords to declare whether or not they have paid service charges when they set up a new rental agreement with a tenant, according to reports.Read full article: [Dubai considering compelling landlords to make service charge declarations]
Average apartment and villa rents in Dubai rose by 2% in the second quarter of 2012 with the outlook for the rest of the year described as steady.Read full article: [Villa and apartment average prices in Dubai up 2% in the second quarter of 2012]
The number of real estate transactions in the first six months of 2012 in Dubai increased by 24.5% year on year to 12,521, according to the latest figures from the Dubai Land Department.Read full article: [Buyers seeking out smaller properties in Dubai, latest data shows]
Dubai’s Real Estate Regulatory Agency (RERA) is considering fining individual property brokers for violations rather than the firms they work for, it has been confirmed.
Apartment and villa rents in Dubai are showing strong growth as the latest quarterly research from property consultants Asteco shows that the sector is on its way to recovery and prices are also rising.Read full article: [Property rents and prices rising in Dubai in sign that real estate market is in recovery]
The decision by India based developer Pacific Ventures to launch two new real estate projects in Jumeirah Village in Dubai is yet another sign that confidence is returning to the emirate’s real estate market.Read full article: [Indian developer announces two new property projects for Dubai]
Princess Tower in Dubai has been confirmed by Guinness World Records as the tallest residential building in the world.Read full article: [Dubai’s Princess Tower named as tallest residential building in the world]
The price of villas in Dubai increased by 3% in the first quarter of 2012, in a sign that the emirate’s beleaguered real estate market is back on track.Read full article: [Residential property prices up in Dubai in the first quarter of 2012]
Dubai property investors are set to get a full refund if developers default on handover under a proposed new Investor Protection Law that could be in force by the end of June 2012.
The office property sector in Dubai remains highly competitive due to the high levels of supply in the Emirate, touching on 60million square foot, with an additional 10 million anticipated by the end of the 2012, according to the latest analysis report from Cluttons.