Tag: Real Estate
Dubai Department of Economic Development, Dubai Real Estate Corporation join forces...
The Dubai Department of Economic Development (DED) and the Foreign Investment Office (FIO) have recently signed a Memorandum of Understanding (MoU) with the Dubai...
The Distressed Property Universe
Large number of properties or mortgages are now on hold, rescheduled for completion, defaulted or awaiting reposition globally. Reports of problem loans and distressed...
Property Sales worldwide fell nearly 60 per cent in 2008
The latest comprehensive report Global Capital Trends™, published by Real Capital Analytics, Inc. reveals that as perceived risk increased and lending decreased throughout 2008,...
UAE capital still one of most dynamic real estate markets in...
Organisers report 85% space already sold for Cityscape Abu Dhabi 2009
The economic slowdown and the corrections to global property prices are failing to dampen...
BCS welcomes RERA initiatives
1. Freezing of service charges positive step, says BCS CEO
2. Supports introduction of online registration system for Owners Associations
3. Looks forward to full implementation...
Bailout actions for the Real Estate Sector badly needed
The United Arab Emirates may be preparing a bailout plan for the real estate industry, said EFG- Hermes, according Bloomberg.
After the Government of...
“UAE property prices have fallen off a cliff”
UAE Property - Chill winds rapidly changing landscape
In it's latest report Morgan Stanley summarized what the firm considers are the most important developments in...
Dubai property prices decline
The latest report by HSBC stated that Dubai property prices fell 23% last month from their record high in September. Prices for Dubai villas...
Global property sales for the last three months of 2008 down...
Dubai saw sales volume more than double in 2008
Middle East Q4’08 property sales down 62% over Q4’07
Real Capital Analytics, Inc. (RCA) is an independent...
Property prices in Dubai competitive worldwide
Property prices in Dubai are much lower compared to the other metropolis worldwide like Hong Kong, London, Moscow, Paris and New York.
Data stated by...
DAMAC puts on hold expansion plans
Focus on Dubai Projects
Property developer Damac have announced profits of Dh500 million for the first nine months of this year, reported Gulf News...
New law will regulate Abu Dhabi’s real estate market
Abu Dhabi Department of Municipal Affairs is preparing a new draft law to regulate the real estate market in the emirate, according to Dr...
DAMAC introduses new payment plans
Property Consultant from DAMAC Properties told DubaiChronicle.com that the company is introducing new more flexible and affordable payment plans, along with various discounts....
Financial Stability Unit established by the Central Bank
According Zawya Dow Jones and Emirates Business 24/7, UAE's Central Bank has set up a new task force to help the country’s financial industry...
Mortgage Glossary
MORTGAGE
A written document, in the form of a temporary conditional contract, taken by a lender as security for the repayment of a loan.
PRE-APPROVAL
A commitment...
Permanent property exhibition centre established
Property Outlet a concept of 24 Group
24 GROUP, outdoor media specialists and exhibition stand builders, is establishing a permanent exhibition centre where real estate...
Government takes measures to protect the real estate sector
On Sunday the Dubai Government formed a high-level committee to tackle the impact of the financial crisis on the emirate's property market. The committee...