May 7, 2013 · Leave a Comment.........
The publication rates the hottest real estate markets for 2012 and it is based on the increase of the average house prices. For Dubai, the average house price last year managed to jump by nearly 20%, or so some say and others report. Read more
April 28, 2013 · Leave a Comment.........
The International Property Show 2013 (IPS), which kicks off in Dubai on April 30, 2013, announces that the exhibiting spaces at the show is now fully booked by local and foreign companies who are keen to be present at the event.
This is yet another clear sign of the full recovery of the show, which enjoys the support and will see the participation of the Government of Dubai Land Department. The International Property Show is sponsored by Diamond Developers, Damac and Falcon City of Wonders as the event’s strategic partner.
April 21, 2013 · Leave a Comment.........
PACE launches The Ritz-Carlton Residences, Bangkok – Thailand’s Tallest Building with House of Patels in Dubai
- Three day event promoting The Ritz-Carlton Residences at MahaNakhon, featuring highest specifications and standards
- First opportunity to purchase the landmark residential property from developer, with special promotion terms, supported by House of Patels
- Targeting clients who wish to invest in Bangkok, demand for high-end residential increasing as Thailand prepares for ASEAN Economic Community (AEC)
PACE Development Corporation PLC., Thailand’s leading high-end property developer behind the landmark AED 2.3 billion (US$630 million) MahaNakhon mixed-use development currently under construction in the center of Bangkok, will launch a three-day roadshow event in Dubai to introduce The Ritz-Carlton Residences, Bangkok at MahaNakhon in conjunction with real estate agent House of Patels, Dubai. Read more
March 19, 2013 · Leave a Comment.........
· Markets started gaining strength during 4Q12
· UAE and Saudi markets continue to lead amongst the GCC
· Upcoming new additions to hurt rental rates
March 12, 2013 · Leave a Comment.........
Real Capital Analytics’ (RCA) deal flow analysis indicates that Europe is starting to make headway in dealing with its distressed real estate loans while the US is over the hump having dealt with over half of its distress.
Of the $394 billion of US mortgages that became troubled over the past cycle, 58% have now been resolved with $164 billion remaining to be worked out. Read more
March 7, 2013 · Leave a Comment.........
Real Capital Analytics’ (RCA) recently released 2012 Global Capital Trends® Year in Review highlighted robustness in global transaction volumes during 2012. While, in Europe and the Americas, the fourth quarter is typically stronger as investors look to complete transactions by year end, Q4 2012 was unusually strong leading to over $870 billion being recorded for the full year. Read more
February 12, 2013 · Leave a Comment.........
Compared to a decade ago, the real estate market today is quite different. Ten years ago it was easier to make quick money by investing in properties. In addition, the profits were sky high. So naturally a question appears – Is real estate investment worth it now? Read more
January 27, 2013 · Leave a Comment.........
The Middle East still remains a property hotspot for global investors, with the UAE, Saudi and Qatar providing choice real estate investment opportunities.
According to research firm Ventures Middle East the current value of infrastructure projects in the GCC is estimated at $408.8bn; driven by strong growth the UAE still holds the lion’s share of infrastructure projects, accounting for $187.2bn. Read more
December 9, 2012 · Leave a Comment.........
Over the last few years, residential real estate hit the bottom worldwide. Many expected the same thing to happen with commercial real estate. However, these predictions proved wrong. While residential housing dropped, commercial property prices skydived. Read more
December 9, 2012 · Leave a Comment.........
In 2012, the residential real estate market worldwide reached one of its lowest points. That is why many market analysts and real estate professionals have high hopes for 2013. Whether the new year will bring light on the market or not, only time will show us.
However, there are already some predictions about the residential real estate market in 2013. Now let’s take a look at the most interesting if them.
Rise in the purchases of second homes
In 2013, developers’ prices are expected to remain competitive with minor exceptions for high-end luxurious projects in hot locations. Mortgage rates are expected to continue to be low. That creates perfect conditions for the purchase of a second home. People will now have better chance to buy a second residential property or to invest in a vacation spot. If you are an expatriate, buying property in your home country will be a smart move.
Building activities revive with a new force
Next year, residential projects are expected to be more in demand. The market is starting to improve, and this tendency will bring back on the tables shelved projects or even add a few new ones. Many investors will finally see some development around their frozen assets, which will make them more optimistic. However, it is not advisable to rush and put a down payment for a new off-plan apartment, because there is plenty of already build up properties that can start netting rental returns instantly.
Renting will continue to be popular
It is true that the market is now seeing some minor improvement. However, the job growth is still not that high as it used to be. Salaries growth is even far behind. As a result, many people won’t feel secure and stable enough to buy their own home. Especially in countries with a large number of expat population, renting a home will remain a logical and common choice.
Rise in demand for custom homes
Custom homes are designed to meet the specifications and needs of the person who invests in them. These homes lost some of their appeal during the past few years. That, however, will change in 2013 when the custom homes tendency will slowly start to revive. Improving economic conditions present opportunities for smart investors to amass excessive income and tailor-made luxuries are expected to come back into fashion.
Small homes with many amenities
Today, more and more young people live on their own. That is why new apartments are now designed for singles and are much smaller than they were in the past. People now prefer to live in small, but more sophisticated residential units. Swimming pools and gyms are becoming mandatory on tenant’s demands lists.
More luxury and unique home designs
Residential renters with handsome allowances will look for homes that are one-of-a-kind. They will want something new, fresh and unseen. Landlords will do everything they can to fulfill this emerging demand by adding new features and designs. Colorful painted walls, for example, surely are a point of note for prospective tenants. Just be careful to choose likable colors!