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]
The UK based Royal Institution of Chartered Surveyors, the mark of property professionalism worldwide, is working to introduce international standards, transparency and consumers’ confidence to the Israeli property market.Read full article: [UK based RICS working with Israel to improve real estate standards]
Saudi Arabia has approved a draft law allowing mortgages to be sold in the kingdom for the first time, the state news agency has confirmed.Read full article: [New mortgage law approved in Saudi Arabia]
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]
The value of real estate transactions in Kuwait rose by nearly half, year on year in the first three months of 2012, according to a report from Kuwait International Bank (KIB).Read full article: [Kuwait property sales rise by almost 50% as banks demand to be able to offer mortgages]
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 commercial property sector in Oman has seen some significant developments, particularly in the retail market, according to the Oman quarter one 2012 report from Cluttons which has been operating in the sultanate for 25 years.
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.
There has been an upturn in the number of new expats settling in Bahrain, specifically in the oil and gas industry, which has resulted in companies taking on multiple villas and driving down prices, according to the latest real estate report from Cluttons.Read full article: [Unrest in Bahrain keeping the real estate market subdued in certain locations, it is suggested]
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.Read full article: [Residential property market in Dubai sees stability and growth in some locations]
Residential property rental rates in Abu Dhabi fell by 5% in the first quarter of 2012 as a wave of new supply began to hit the market, according to the latest real estate report from Asteco.Read full article: [Downturn for property rents in Abu Dhabi as market is flooded with new supply]
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.Read full article: [Apartment and villa rents increase in Dubai]
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.Read full article: [Multi million dollar resort on Dubai’s World island project not going ahead]
Dubai’s residential real estate market is now more secure and transparent, enticing investment back to the city, it is claimed.Read full article: [Experts believe that Dubai’s real estate market is more secure and transparent]
The first units on Bahrain’s $1.6 billion Dilmunia Health Island project are expected to be ready to handover by the middle of 2014, the developer behind the project has announced.
A recovery in the real estate sector in Kuwait is expected in 2012 after property sales increased by 35%, in 2011.Read full article: [Kuwait real estate sector set for recovery in 2012, bank report suggests]
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.Read full article: [Villa owners in Dubai asking too high a price for current market conditions, survey suggests]
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%.Read full article: [UAE property slump has further to go, poll suggests]
Property investors in Dubai have managed to negotiate a deal for payments on a stalled project to be refunded without resorting to court action.Read full article: [Property investors get refund deal on stalled Dubai project]
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.Read full article: [Nakheel to start building again on Palm island in Dubai]
Buoyed by high oil prices and a robust economy, the residential property market in Oman is set to remain strong in 2012 but, under the constraints of a continuing oversupplied market, buyers and tenants will very much be governing the sector, according to a new analysis.
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.Read full article: [Dubai beach property row hots up]
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.
Real estate markets in Dubai are stabilising and real estate professionals expect a brisk start to 2012.Read full article: [Dubai looking forward to a more mature real estate market in 2012]
Property sales in Dubai are 70% less than they were at the peak of the market in the middle of 2008 but a small rise in transactions is being hailed as a good sign.Read full article: [Small rise in property sales in Dubai]
The Real Estate Regulatory Authority in Dubai has accredited 18 auditing firms to conduct financial check on property projects in the emirate.Read full article: [Financial check on real estate projects to start in Dubai]
A group buying website is linking up with a major Middle East developer to offer discounts on rental property in Dubai.Read full article: [Property rental sharing launching in Dubai]