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Posts Tagged ‘dubai property market’

Dubai Rents ONLY Fell 17% in 2010

by Overseas Property Mall on Thursday, February 24th, 2011 in Dubai Property

During the boom Dubai property became world famous for world firsts; a group of man-made islands in the shape of a palm tree here, the world’s tallest tower there, and a group of man-made islands in the shape of the world somewhere else. However, since then it has become famous for a whole other set of recorded firsts.

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International Property News Beat – How to Buy a Forclosure, Panic in Dubai & Stagnation Fears in the UK

by Overseas Property Mall on Monday, June 7th, 2010 in Property News Summaries

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Dubai Property Prices Dropping As Oversupply Floods The Market

by OP-Mall on Wednesday, October 28th, 2009 in Dubai Property

Property prices in sunny Dubai have already dropped 48% since last year, and they are about to fall another 20% according to research firm Colliers International. The global economic crisis has taken its toll in Dubai as in most other places, and as more completed developments reach the market, prices are falling quickly as demand drops away. This is not predicted to change until demand once again outstrips supply.

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Russians Still Investing in Dubai (Video)

by Overseas Property Mall on Monday, January 5th, 2009 in Dubai Property

We came across this video via YouTube – despite the current downturn in the Dubai property market, it appears some Russians have made Dubai their home and have no intentions of leaving just yet.

[playlist id=0]

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Dubai’s Bubble Has Officially Burst

by OP-Mall on Thursday, December 11th, 2008 in Dubai Property

dubai-marina-skyline

It’s official! Dubai has lost its bubble and investors are scrambling to dump their real estate assets to minimize their losses. The mood is gloom in the emirate as more and more developers are laying off people by the minute.

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Cityscape Dubai Opens Amidst Fears Of Global Property Slowdown

by OP-Mall on Monday, October 6th, 2008 in Dubai Property, Property Exhibitions & Events

Cityscape Dubai Exhibtion Hall 2007
Cityscape 2007 Exhibition Hall (Cityscape)

Cityscape Dubai, the biggest real estate investment and development event in the world has opened its doors today as fears of a new kind strike this emirate. Not so long ago Dubai was celebrated as the golden child of real estate with fortunes being made and a mad building boom attracting thousands of overseas investors to take part in the property stakes.

As the US and European credit crunch turns more worrying by the day, fears are now circulating that Dubai might be next to suffer the consequences. Not much pointed investors to this new turn of events as in the first quarter, Dubai’s housing market was still a very strong performer with a 43% rise.

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International Property News Beat – Trump in Thailand, Cooling Dubai & Russian Investors

by Overseas Property Mall on Monday, September 15th, 2008 in Property News Summaries

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Is it Really Doom in Dubai?

by OP-Mall on Thursday, August 21st, 2008 in Dubai Property, UAE Property

palm-jumeirah-island.jpg Palm Jumeirah Island

Is Dubai heading for a property melt down? Recent reports by Morgan Stanley and the WSJ suggest so but we think otherwise.

According to the WSJ, property flipping has not only become a sport of sorts for investors, but a very profitable one at that.

When the Emirate allowed foreign property ownership for the first time in 2002, real estate transactions were estimated to be around AED38.7 billion Dirhams. Last year, this figure rose to AED462 billion Dirhams which relates to US$125.8 billion roughly.

The RERA (Dubai’s Real Estate Regulatory Authority) is looking to crack down on the practice of property flipping in the emirate.

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