‘Real Estate’ Archives
Less than 50,000 units expected to be delivered onto the Dubai market by the end of 2011
According to the periodic Harbor Report, which will be issued on the 16th of June, Dubai property market is expected to receive an estimated number of 50,000 residential units by the end of 2011. The report which is issued by Harbor Real Estate an integrated real estate service provider in Dubai, says the number is down from previous estimates [...]
Dubai Will Make A Mark At IMEX
Dubai is the best city when it comes to MICE industries. Travel and Tourism has been one of the strong points of Dubai. The city always looks for various opportunities that can boost tourism. Different touring facilities, various architectures, lavish hotels and many activities for entertainment makes Dubai one the most favorite tourist [...]
Fundamentals to keep Dubai realty ‘dynamic’
Abu Dhabi-based Tasweek Real Estate Marketing & Development believes Dubai's real estate industry has "strong fundamentals" and expects the sector to remain "dynamic and profitable". In an interview with Emirates Business, Masood Al Awar, CEO, Tasweek Real Estate Marketing & Development, said: "We want to be the first mover in this market and [...]
Property woes weigh on banks’ outlook: Moody’s
UAE banks show strong profitability indicators due to the relatively stable net interest margins and good fee and commission levels, Moody's said in a report yesterday, while continuing to maintain a negative outlook for the country's banks. "UAE banks faced significant asset quality problems in 2009, but their capital levels and good core [...]
Rental prices continue downward spiral in Dubai
Rental prices for residential and commercial units in Dubai have declined again this month due to an increasing supply of property, according to a recent real-estate report. The Dubai lease guide for June, issued by Landmark Advisory real estate consultancy, says that lease rates have plummeted in the last two months, due to an oversupply of [...]
Islamic Banks Should Diversify, Manage Risks, McKinsey Says
Islamic banks should diversify into areas such as asset management after real estate industry investments caused them greater losses during the credit crisis than conventional banks, according to McKinsey & Co Inc. One third of the assets of Islamic banks in Qatar are “directly exposed in some way to real estate” compared with 15 percent [...]
Al-Futtaim reiterates its support for DSS 2010
Al-Futtaim has reiterated its support as key sponsor of this year's edition of Dubai Summer Surprises, thus continuing its commitment to offer visitors memorable experiences with the Group's world class brands at award-winning venues.
Tackling the strata regulations
The process has been set in motion to make developers relinquish their carte blanche over managing jointly owned property in Dubai. The recently announced guidelines to the Jointly Owned Property Law (Law No. 27 of 2007) have put the onus on developers to establish interim owner associations (OAs) and elect an interim board for completed [...]
Rents drop as supply rises in Dubai
Lease rates in Dubai continued to decline in June compared to April, as more housing stock was released into the market, a real estate consultancy said. Landmark Advisory, in its Dubai lease guide, said although the units in lower-quality buildings and less prestigious locations are experiencing the strongest rent declines, the more [...]
Dubai confronts its maturing wall of debt
Dubai World’s debt restructuring looks like it may still turn out to be an unlikely success - given the shock it gave global markets when it was announced last year - and has led to some tentative optimism in some quarters of the emirate. But Moody’s today poured cold water over any Pollyannas that might be left in the Gulf. In a regional [...]
