Jul 01, 2009 10:15PM

Dubai prices rise, but analysts warn against over-optimism

The average prices for houses in 13 major locations around Dubai increased by 6.5% in June, compared to the average for the previous month, although analysts said that this did not mean that falls in the emirate’s property market were over.

Jun 28, 2009 12:37AM

Emaar, Dubai Holding merger finalised ‘by October’

Emaar, the UAE, and the region’s, largest construction company, announced in a statement that it was in ‘advanced discussions’ regarding a potential merger with Dubai Holdings real estate firms Dubai Properties, Sama Dubai, and Tatweer. The company said that it expected that the consolidation process could be finalised within the next four months.

Jun 24, 2009 09:09PM

Differentiation becomes key to individual property price rises in Dubai

As investors and agents try to find the price rate for properties in Dubai’s real estate market, analysts have begun to pinpoint certain factors that have seen some units begin to recover their price tags, while others continue to plummet. These include proximity to amenities and the upcoming launch of Dubai’s Metro system.

Jun 15, 2009 10:54PM

When will the Dubai property market reach the bottom?

The regional media has been filled with conflicting stories of whether Dubai’s hard pressed property market has reached the turning point of its downward cycle. While the city’s real estate companies have been quick to point to signs of a potential upturn in the sector, market analysts have remained pessimistic in their outlook.

Jun 10, 2009 08:02PM

Dubai real estate companies diversify to meet market needs

Real estate companies in Dubai are increasingly looking to increase the tools available to prospective buyers, and to diversify their product offerings, as the city’s real estate market completes the shift from speculator-driven to catering for end users.

2009-07-04T09:27:13.945+04:00

Sherwoods expects stability of property prices in Dubai

Sherwoods Independent Property Consultants (SIPC), the leading real estate consultancy, has mentioned that there has been a steady shift in property prices in Dubai.The prices are moving towards more reasonable levels, as the market enters a new phase that will help the transition into recovery, Sherwoods pointed out.Sherwoods further hopes to see definite signs of growth in terms of property

2009-07-02T11:40:45.806+04:00

Moody's reaction to Emaar, Dubai Holding merger

There is a certain uncertainty surrounding the proposed consolidation between real estate giant Emaar and three other property developers under the government-owned Dubai Holding, and this has led to questions about the possible financial implications for the two companies.Moody's yesterday reacted to this scenario by downgrading its credit rating on Dubai Holding from level A2 to A3 and placed

2009-07-02T11:24:52.696+04:00

Deerfields commences construction work on mixed-use project

Deerfields Town Square, the flagship project developed by MBI, an Abu Dhabi-based venture with major stakes in real estate and construction, has commenced work on their mixed-use project.The leading international architectural firm RMJM has been appointed as the Lead Design Consultants for the Deerfields project. RMJM will also work towards implementing changes to the facade, interiors and

2009-06-30T08:39:50.139+04:00

Dubai property prices beginning to witness the Metro effect

The prices of properties located close to metro stations in Dubai are already beginning to rise, marking the first signs of a Metro effect on the property market, reported analysts in Dubai.The Jumeirah Lakes Towers (JLT) on Sheikh Zayed Road, located directly opposite the Dubai Marina station are being sold for 6.5 percent more than units in buildings located further away. The difference in

2009-06-30T08:23:58.331+04:00

Cayan's Infinity Tower at Dubai Marina makes steady progress

The leading real estate developers in the region, Cayan Investment and Development, mentioned that its Infinity Tower development at the Dubai Marina, has hastened its construction process and has achieved a major progress on site.The 80-storey tower offers stunning view of Dubai Marina. The podium levels, comprising six storeys are complete. Arabtec has been appointed as the main contractor of