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Dubai’s real-estate dilemma
There’s a simple axiom — what goes up must surely come down? The real-estate sector in Dubai seems to be defying this logic. The news this week that property prices will peak in 2009 and then decline by at least 15 per cent suggests the market is headed for the nirvana of a soft-landing after [...]
Continue reading...Dubai rents jump 22pc
24. July 2008
Residential rents in Dubai shot up 22 per cent year-on-year, but still lower compared to the previous figure, data released by Asteco Property Management, a property services consultancy firm in the UAE, show. Residential buildings along Shaikh Zayed Road continue to be the most expensive, recording the highest annual rental growth of 51 per cent. Bur [...]
Continue reading...House prices in UAE to climb
27. February 2008
The escalation of material prices and wages will drive construction costs and help propel house prices higher in the UAE, according to a research note by local brokerage EFG-Hermes.With pending supply being delayed, but demand for property buoyant, developers are easily able to pass on higher costs to potential off-plan buyers, the note says. Meanwhile, with [...]
Continue reading...Houses Prices in Dubai
23. February 2008
With the exception of very unique properties, housing prices are set for a fall within the next couple of years. Demand is currently oustripping supply by a fair margin. Hence the ridiculous rental prices. However, the underlying factor is that the actual housing prices are NOT reflective of the current rental [...]
Continue reading...Dubais real estate prices likely to remain high if rent cap stays
7. December 2007
DUBAI CHAMBER SAYS SUPPLY AND DEMAND WILL MATCH ONLY IN 2023 Dubai Dubai’s real estate prices are not likely to stabilise in the next five years if the rent cap is not lifted and the government does not implement measures to add supply to the market, experts said yesterday. A study of the real estate sector by [...]
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29. August 2008
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