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.

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.

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.

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.

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).

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 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.

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.

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.

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.

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 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.

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.

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.

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.

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.

The Real Estate Regulatory Authority in Dubai has accredited 18 auditing firms to conduct financial check on property projects in the emirate.

A group buying website is linking up with a major Middle East developer to offer discounts on rental property in Dubai.