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Posts Tagged ‘dubai real estate’

Dubai Property Still Sinking Amidst Billion Dollar Merger

by Overseas Property Mall on Monday, July 6th, 2009 in Buyers Beware, Dubai Property, UAE Property

buildings-in-dubai-UAE Moves by the Dubai government to inspire confidence in the once booming property market seem to have backfired.

The recession has shown that Dubai’s growth was financed by billions of pounds of debt and this burden is threatening to drag the city under the desert sands.

Several government-backed developers were at the forefront of major residential and commercial buildings in Dubai.

Shares in the largest listed Arab developer Emaar Property had 10% wiped off their price on announcement of the merger with Dubai Properties, Sama Dubai and Tatweer.

These three companies are all subsidiaries of Dubai Holdings, which has the backing of the Dubai royal family and analysts fear in the background assets are just being shuffled on paper to shore up ailing companies.

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Dubai Property Prices Falling

by OP-Mall on Monday, November 10th, 2008 in Dubai Property, Jebel Ali


Homes on Palm Jumeirah Island

It’s not news that Dubai’s property market is expected to experience corrections next year and according to Morgan Stanley gradually decline by up to 10 percent by 2010. However, a real bombshell was dropped last Thursday when Arabian Business reported that Palm Jebel Ali’s island prices have depreciated some 40 percent in the last two months.

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Lago Vista II – High-Spec Luxury Apartments in IMPZ, Dubai

by OP-Mall on Sunday, August 31st, 2008 in Dubai Property, Dubailand, IMPZ, International Properties for Sale | Real Estate Listings

Lago Vista 2 IMPZ (Dubai)

Lago Vista 2 is a mediterranean inspired, 24 storey residential development gracefully designed around a crescent-shaped portico. It is to be a green development offering residents well manicured lawns, breathtaking fountains and spectacular gardens. Unique floor designs offer residents breathtaking picturesque views of Arabian Ranches and the glittering lights of Dubailand.

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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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Dubai to get its first Underwater Nightclub

by OP-Mall on Friday, May 16th, 2008 in Dubai Property

City-D Development has teamed up with some of the world’s renowned companies and Stars Dome Realty in Dubai to develop the Pangkor Laut Luxury Resort, Residence & Spa Village.

The new resort will be located on the prestigious development of The World, which is located just kilometers off Dubai’s luxurious Jumeirah coast.

Pangkor Laut Luxury Resort, Residence & Spa Village will offer a total of 120 deluxe guest rooms and 20 fully equipped luxury beach front villas for travelers who want to explore the five star luxury. The resort will be built over a 1,600,000 square foot island plot in the very heart of The World.

The World’s breakwater foundations were completed on January 10th this year with more than 34 million tons of rock that were used to complete the 27km breakwater that itself surrounds the 300 man made islands who make up The World.

Guests top the The Pangkor Laut Luxury Resort will be able to enjoy shopping, restaurants, an aqua park and an underwater nightclub, which is a first for Dubai.

This concept alone is breathtaking. Imagine that you’ll swing your hips to the sound of droning house while watching fish of all sizes swim by. Who knows, most likely they’ll flood the surrounding underwater landscape with floodlights at night so that the fish too can take part in the swing of things.

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