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.

Land transactions in Dubai increased 21% to reach AED63 billion in the first half of 2012, figures from the emirate’s land department show.

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.

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.

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.

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.

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.

Princess Tower in Dubai has been confirmed by Guinness World Records as the 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.

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.

 

Up to 80 properties in Dubai are set to be sold by the Dubai Land Department (DLD) this year as banks move to take action to recoup losses from home owners in mortgage default.

Residential sales transactions saw a natural increase in January and February 2012 as mortgage lenders compete to offer the most attractive packages, according to the latest real estate report from Cluttons.

Rents for apartments and villas in Dubai increased in the first quarter of 2012 with an average rise of 1% but some quality locations faring better, according to the latest report from Asteco.

Dubai's office market is forecast to see demand of around 4.5 million square feet over the next year, with rents expected to remain flat, according to the latest analysis from CBRE.

The value of real estate deals registered in Dubai have increased by 33% year on year during the first two months of 2012, while the total number of transactions surged 84%, official figures show.

A five star villa resort located on one of the man made islands on Nakheel’s The World development in Dubai is set to be cancelled by the emirate’s real estate regulator, it is reported.

Dubai’s residential real estate market is now more secure and transparent, enticing investment back to the city, it is claimed.

The value of property transactions in Dubai increased by 20% during 2011 reaching AED143 billion for the year, the latest data from the emirate’s real estate watchdog shows.

The residential property market in Dubai has seen some pockets of stability and growth in recent months but these are still the exception, according to consultants.

Owners of villas in Dubai are failing to match their asking prices to reality, according to a survey of real estate brokers in the emirate.

The slump in property values and sales in Dubai and Abu Dhabi won’t end this year as too A Reuters poll of banks, investment firms and research institutions found that many believe that house prices in Dubai will fall by a median of 5% in 2012 while some expect a fall of 8%.

Property investors in Dubai have managed to negotiate a deal for payments on a stalled project to be refunded without resorting to court action.

The residential property market in the United Arab Emirates is expected to bottom out in 2012 but there won’t by an improvement until 2013, according to real estate consultants.

Major Dubai developer Nakheel has announced plans to start rebuilding on its iconic Palm island development, the first activity since it received a government bailout in 2009.

The row over Dubai master developer Nakheel preventing property owners on its iconic Palm island development from using the beaches, pools and gyms has degenerated into a stand off with the emirate’s real estate regulator.

Dubai based developer Nakheel has no right to deny owners of property on its iconic palm shaped island to use communal facilities such as beaches and swimming pools for free, the emirate’s real estate regulator has decided.