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Dubai Debt Crisis will affect Property Industry

Dubai’s debt crisis has weakened investor confidence and will hurt the property industry in the United Arab Emirates in 2010. The Dubai government’s announcement of...

Dubai house prices ‘likely to extend fall’

Oversupply in Dubai's once-booming property sector will continue to send prices lower in the short term, Jones Lang LaSalle said on Sunday. "The oversupply situation...

Dubai’s Property Auction Experiment

Just 12 months ago property buyers in Dubai were queuing around the block to snap up flats and villas that hadn't even been built....

Property Sector worldwide in critical condition

Trillions of properties worldwide acquired or refinanced after this point in early 2004 have lost value since the transaction. Many of these properties, typically...

Global Real Estate Market in Review

No Rebound, but little room left to fall Global transaction volume continues at a remarkably sluggish rate, accordig real estate market analysts worldwide. Although...

Dubai Property Outlook

Even though the Dubai property market has reached scary lows over the last few months, there are serious concerns that the worst of the...

Owners of built-in properties granted six months multi-trip entry visa

Owners of properties in the UAE can enter the country and stay up to six months as per entry permit ( a multi-trip entry...

Banks to provide financing to Bloom Gardens project

Three banks in Abu Dhabi have agreed to provide finance to buyers of units at the Dh2 billion Bloom Gardens project, reported Business 24/7. The...

Emaar Properties considers cutting 250 jobsaccording media sources

Property developer Emaar Properties is considering cutting 250 jobs as the real estate sector in the emirate suffers a severe downturn, said Bloomberg. The company...

The Distressed Property Universe

Large number of properties or mortgages are now on hold, rescheduled for completion, defaulted or awaiting  reposition  globally. Reports of problem loans and distressed...

RERA denies media reports on Dubai real estate market

Dubai Real Estate Regulatory Authority (RERA) has denied receiving a letter signed by 300 real estate investors, developers and advocates expressing their concern over...

Dubai property developers told not to increase services charges

Dubai's Real Estate Regulatory Agency (RERA) has directed property developers in the emirate to refrain from increasing services charges during 2009, without its permission,...

“UAE property prices have fallen off a cliff”

UAE Property - Chill winds rapidly changing landscape In it's latest report Morgan Stanley summarized what the firm considers are the most important developments in...

BCS calls for stronger collaboration in facilities management

Building closer ties between the professions of strata management and facilities management was the message from Peter Crogan, CEO of BCS Strata Management Services...

Land Department to help investors rescheduling payments for properties

According an article in the Emirates Business, investors facing cash-flow difficulties can approach the Dubai Land Department for rescheduling payments for their properties. The goal...

Global property sales for the last three months of 2008 down...

Dubai saw sales volume more than double in 2008 Middle East Q4’08 property sales down 62% over Q4’07 Real Capital Analytics, Inc. (RCA) is an independent...

DAMAC introduses new payment plans

Property Consultant from DAMAC Properties told  DubaiChronicle.com that the company is introducing new more flexible and affordable payment plans, along with various  discounts....

Mortgage Glossary

MORTGAGE A written document, in the form of a temporary conditional contract, taken by a lender as security for the repayment of a loan. PRE-APPROVAL A commitment...