While some experts are predicting a kick-start to recovery in 2012, others still believe the new supply being scheduled to add to Dubai real estate market will continue to keep the sector in pressure. According to a report, Dubai real estate already has 23000 units and further 16000 units are expected to add to the [...]
Decision of buying or selling your home is one of the most complicated financial decisions that you may make in your life. An individual puts in lot of efforts and money to purchase his dream house and when he thinks of selling it, he gets emotional, since every body loves his home. Just like one [...]
Even those experts who did not believe in the Moody’s predication to kick start recovery in 2016, and had a strong faith that the recovery would initiate in 2012 are also confused since UAE real estate is showing mixed performance. According to a new report, prices of the properties in the UAE have still not [...]
The major reason behind the collapse of Dubai real estate was the lower corporate earnings. The corporations in Dubai witnessed very low profitability in 2008 due to global recession, and as a result, they had no other option then to fire employees and cut short their cost of productions. This unemployment mainly originated from downsizing [...]
You might have read the reports about Dubai real estate highlighting kick-start to recovery in 2012, but I would say, this is merely a predication based on “the feel good factor” of the property stakeholders. I believe property prices in Dubai have not shown any remarkable recovery in 2011, which reports show. These are just [...]
Off plan properties – The basic Concept Off plan properties are basically pre-construction properties that do not exist physically. When Dubai real estate was experiencing boom, the demand of off plan properties was at its peak. Many real estate developers traded off plan properties successfully and made good profits. But when the global recession hitDubai [...]
Since 2008, despite the fact that property prices in few areas have shown good recovery, the condition of Dubaireal estate sector has remained abysmal. One group of experts still believe that better times are quite far because very soon Dubai property prices will experience a double dip. This predication is making experts to think that [...]
If we compare the last three years performance of Dubai property sector with the performance of the current year 2011, we will come to know the performance remained much better in 2011 despite the economic turmoil in other parts of the world. The prices of properties have continued falling in almost all the areas of [...]
Since 2010, Dubai hotel sector has been showing signs of resilience. In 2010, Dubai hotels witnessed 3.3% increase in their revenue. This was mainly because guest’s arrival in Dubai increased to two million in the last year. This spelled as good news to the Dubai real estate stakeholders and they started to expect better times [...]
The boom, which gulf real estate experienced in 2008, hit Abu Dhabi quite late so the glut of supply never remained as big an issue as it is in Dubai. This is the reason that Abu Dhabi witnessed modest declines in property prices and rentals even in bad times. Government of Abu Dhabi is vigilant [...]