Increasing Dubai Real Estate Demand Pushes up Market Prices

Dubai’s residential real estate market is witnessing a rise in property prices with properties in key areas reaching the prices of early 2008. The number of transactions is rising month on month and rental trends have shown positive figures, according to a recent industry report.

Dubai is expecting to see around 28,000 new units completed this year with the majority falling in the popular freehold areas. The ever popular Dubai Marina is expected to see 3,081 units completed in 2012 as rents continue to push demand in Dubai’s premium locations.

Last year most of the completions were apartments that are proving to be very popular with international investors. The report quoted that “the general rental trend across the market is positive” which has resulted in many investors buy Dubai property for their next property investments.

The Dubai apartment and villas market has also seen increased interest towards the end of 2011 and in the first quarter of 2012. Villas are becoming a popular choice for people who want to buy a property in Dubai as a second home or investment and one property industry expert stated: “This trend has continued in 2012 with sale indices now three percent higher than in January 2008.”

The recent changes in the law have made property in Abu Dhabi and Dubai a hot property buying ground literally. Although many real estate experts had actually predicted that the changes would come, there was much speculation. However, the changes mean that real estate in Abu Dhabi will have the prices soaring. Many are predicting that the value will go up to GBP 30 billion in a couple of years!

The news has shown a positive light on Dubai’s real estate market and more investors are returning to the emirate while properties are still well-priced. Dubai is expected to perform very well in 2012 and investors are keen to grab the opportunity with both hands before prices rise.

Dubai Property Market: Great Opportunities for Real Estate Enthusiastics

Dubai is known as one of the well liked and most favorite emirate in United Arab Emirates. Amazingly, almost more than 50% of the revenue generated from property and tourism. Also, there are so many people all around the world also prefer Dubai real estate to invest their income and make profitable deals and earn huge gains. The real estate projects in Dubai are simply mesmerizing and are a center of attraction for its visitors. The climate in Dubai is also arid making it a perfect option for the realtors to invest in.

There are multiple ranges of Dubai properties available for the buyers in Dubai, like apartments, villas, condos and lots more. Real estate lovers or enthusiastic have a huge choice to select something that can suit their requirements as well as taste.

Dubai is not only an ideal place for those buyers who only buy properties just to settle down here but this is an ideal place for real estate investors . There are numerous options for the investors from where they can purchase property at reasonable prices and then sell it at fruitful prices making out great profits. Dubai property market facilitates every single investor and buyers to earn huge profits from their Dubai properties and get the best out of the market. But the only thing that should be kept in the minds of every real estate investors is to follow the rules and regulations which are essential, especially while purchasing or selling a property. If you are new in this real estate market then it will better to choose some experiences and qualified real estate agent that can provide a lot of assistance in managing the legal paper work and other required obligations.

The major benefit of hiring a real estate agent is that they are well familiar with different laws and they can lend a hand to both first time buyers and investors. If any buyer or investor finds any difficulty about finding a good and appropriate Dubai accommodation then he can easily help you out in choosing right property for your investment. Similarly, these agents can also assist investors in buying the right property, then listing it on the web and then finding the best buyer so as to make a fruitful deal that helps people to enjoy profits.

Anyhow, if you are really want to make some investment in Dubai real estate market then internet is the best option to choose a right Dubai accommodation for your future investment. Internet is the easiest way to find such properties which people can choose like Dubai rental, villas, apartments etc. There are so many websites available on internet that can provide you a huge listings about multiple Dubai properties available at different locations and are generally updated twice a day so as to provide better convenience to the people.

Also, these real estate websites offer you some free services to keep you updated through emails and latest property updates. So, if you also wish to make fruitful deals, just opt for Dubai Real Estate Market and get benefitted.

Choose Dubai Luxurious Accommodation for Setting up a Business in Dubai

Starting a new business in Dubai or even moving a running business there from any other part of the world is not something that comes easy. Dubai is gradually freeing its economy from dependency on oil and focusing on services industry. That’s why the city has kept a firm focus on establishing more and more businesses regardless of their type and size. In its effort to strengthen the emirate’s business sector, international businesses have also been encouraged to move to the city. If you also want to establish a new business in Dubai, or move your running business to the city, you should start from renting a beautiful apartment in Dubai, a villa or any other kind of luxurious accommodation in Dubai.

No matter how well planned and managed, no business can flourish if it’s not located at a commercially viable place. But acquisition of a suitably located commercial property in Dubai may prove to be a very hard nut to crack. Though there have been several commercial Dubai real estate developments over the past few years, the supply still don’t fully meet the increasing demand. So it becomes really hard to get a desired commercial property for sale or rent for the one wishing to establish a business in Dubai. But this problem can be solved if you have good contacts in the market and keep yourself in close touch with property classifieds. Doing this will inform you about the agents and individuals who sell commercial properties in Dubai.

Some of the commercial properties in Dubai that have seen the highest demand are office spaces, warehouses, labour houses and shopping centres, and the most preferred location for all these properties is a free zone.

After all is done, an office space in Dubai is something you need anyhow. You’ll find hundreds of offices for sale in Dubai and you’re free to make a choice. But here too you have to be careful about the location of the office which holds the key to your success. Once the business starts flourishing, depending upon its nature, you might need some additional space to store your increased inventory. For this, you can either buy a warehouse, or go for warehouse rental in Dubai. If your business is big in size, you may need a larger and better place to accommodate your employees for which you can either get a house on rent in Dubai or you can buy your own accommodation.

In the end, all that remains for you to do is to enjoy seeing your business flourish. Good luck!

Helpful Predictions about Dubai Real Estate 2012

If you compare 2011 with the previous three years then you will feel that last year has ended on much positive note for Dubai real estate. According to a world leading Real Estate Company in Dubai name as “Cluttons”, ‘a kick-start to recovery of Dubai real estate is expected which would be backed by the original demand of the properties in both the residential and commercial Dubai real estate sectors. Because the market showed strong signs of maturity in 2011, experts are predicting that the same trend would continue in the year 2012.

In the residential sector, though a considerable number of well-established and good quality units are expected to add to the market yet this oversupply will not cause further decline in prices. This is because the demand is equally expected to rise due to the luxurious facilities and amenities, which would be offered in these units. The performance of Dubai real estate in 2011 clearly showed that the demand of high quality apartments remained quite high because astute investors from all over the world rushed to Dubai due to low prices. Since buyers now focus more on the quality of life, the new the units in 2012 would be built exactly matching astute buyer’s preferences.

Moreover, the kick-start to recovery is expected in the residential sector has encouraged many Dubai banks to offer mortgage loans at competitive rates. It is expected that due to Dubai real estate gaining investors confidence back, it is likely to experience more demand by the mortgage buyers especially in the residential sector. Experts are predicting that the demand will rise steadily which would be better because nobody wants to rush to the heady days of peak times in which there was quick and abrupt demand of properties.

Cluttons has also predicted a sharp increase in the demand of commercial real estate in Dubai but despite that, Dubai rentals in many areas across Dubai are expected to bottom out. Though rents will decline yet the rate of deceleration of rentals would slow down more than before. In the year 2011, the slowdown of the deceleration rate was a clear indication that Dubai rental market is heading towards growth. Cluttons claims that the same trend is expected to continue in 2012. The demand of commercial properties will rise because many companies are relocating their businesses to Dubai considering it a safe haven for business.

Moreover, the lower rents will attract businessmen, who are looking forward to cutting down their cost of operation are setting up their businesses in Dubai. However, rentals will bottom out but rate of reduction will remain minimal. Overall Dubai properties is expected to see better times in 2012 as per the trends predicted and real estate stakeholders are happy that if these predications turn out to be real, they would see this sector springing back to life again.

Dubai: An Investment Hub for Worldwide Investors

It seems that era of lucrative investment in Dubai real estate never stops. A large number of investors are still flowing money in and out of this seemingly unstoppable futuristic city. Also the projects launched recently in other Emirates have generated tremendous interest from the public and local authority to develop their own infrastructure and lifestyle for the growing tourism industry and business industry.

Dubai, one of seven members of the United Arab Emirates federation, lacks the large hydrocarbon resources of nearby Abu Dhabi, and has to import gas to satisfy growing energy consumption.

Dubai hopes by the end of this year to come up with an integrated strategy to secure new supplies and reduce demand over the next two decades – and work out how to pay the multi-billion dollar bill.

“We are now looking into a financial mechanisms for how we are going to structure it to deploy that strategy in the coming years for major projects both on the supply side but also on the demand side,” Nejib Zaafrani, secretary-general of Dubai’s Supreme Council of Energy, told Reuters in a joint interview with the head of the Dubai Electricity and Water Authority.

Many countries dependent on imported fuels have invested in producing countries to secure their energy needs. Dubai’s $82 billion trade and property-based economy mostly imports gas for its power plants from nearby Qatar but wants to diversify.

Ajman, Abu Dhabi and Ras Al Khaimah are the Emirates who have succeed to continue the vision of Dubai. The incentive is of course price, an apartment in Dubai will cost you three times more than an apartment in Ajman, a commercial space in Dubai will cost you all most the same in Abu Dhabi but the capital and payment plan are more convenient. Discussions of a casino in Ajman, the excitement to create a new Las Vegas in the UAE, will attract a flow of tourism in the region. I will be better to make some investment in Dubai property. This is because it will continue to grow at a higher rate every year closer to the completion of the vision that is Dubai and many years after.

Dubai is becoming a multipurpose hub for the region, a transit destination for the Asian and South African economy, a platform of communication and a destination to shop or enjoy a holiday. The rulers of the Emirates have achieved their objective to put not only Dubai but the entire UAE on the map.

 

UAE Real Estate Market in the News

From the last few years the UAE real estate market has become breaking news for worldwide new broadcasters. In the beginning the news was negative but today this market is one of the most favorite investment options for worldwide investors. When the ball dropped on the New Year, it seemed like it brought a new vitality to Dubai and the rest of the region’s real estate industry.

Dubai Property College has officially joined with the Arab Administrative Development Organization (AADO) in a new scheme to increase real estate sector professional education and training throughout the region. Mahmoud El Burai, Director of the College and the Director for Real Estate Development for RERA, the Real Estate Regulatory Agency, is quoted as saying: “It puts in place the foundation not merely for harmonization of standards and practices but also for the creation of a real estate bloc with huge appeal and, significantly, credibility for investors from any part of the world. The aim is to get the professional practice right by making sure the training is available to a level which is aligned with best international practice.”

According to the CB Richard Ellis report, many different projects were on a hold in 2009 but today these are reactivating by new contracts and moving to completion. Prices are already low and will go down even more with the introduction of new inventory. Many different property owners and renters are using different tactics to attract tenants. With the new development in all over the UAE the investment opportunities are also rising day by day. With prices in some areas off more than 50% from their peak, institutional investors are entering the picture, buying up in size and quality to increase their holdings.

For those who are looking for an investment opportunity that doesn’t surrender to the international fall trend in real estate investment transactions, Dubai property for sale still appears to be a profitable option.

Dubai, which is also well-known for its amazing architectural growth and spectacular designs, offers you plenty of options to choose for investment in UAE. Also, real estate in Dubai is a safest gamble for making any overseas profitable property investment.

Many of us think that why and how this sudden rush appeared in UAE real estate. One of the major factors behind this rise is in the demand for the property investment in UAE. This place is not only suitable for profitable investments but it is also well known for its tourists and entertainment attraction. Also the government has allowed freehold possession of the property by any outsider, which allows the assets owners to rent out or sell the property each time they desire.

All considered, the UAE appears to be in a position to see a return of some of the excitement of the past in real estate development. UAE continues to set ground-breaking records for building and development, taking UAE to the front of the most favored real property destination in the entire world.

Dubai Real Estate: Still Opportunities Are There For Profitable

Dubai is counted among the top ten costliest places around the world and its real estate market lines equivalent to other major markets like London, Tokyo, Singapore, New York City, Mumbai and others.
The Dubai real estate market is really growing fast and it seems to surpass other cities in the coming year. So, if you have any plans for investing in properties and real estate in Dubai, it is the right time and a noble decision.
Purchasing properties or real estate property in Dubai can be quite simple in some respects and quite difficult in some others. If you start your search, you will find listed properties in the internet, newspaper classifieds, or other sources. That makes things complicated and you cannot organize the data. Therefore investment in Dubai accommodation requires a strategy and some thinking. You don’t have to worry of the after purchase tax fee and other business dealings. Dubai is one of the fastest in official matters and they will take hardly one or two days to accomplish the task of legal matters.
After the modification by his Highness Crown Prince of Dubai regarding foreign freehold ownership of real estate in Dubai, the market in the city has really gone crazy with foreign investors lining to invest hundreds of millions of dollars in the market. All of a sudden everyone became interested in Dubai Real Estate Market. As a result the prize of properties have tripled in years and still rising.
So if you can make an investment in real estate or such valuable properties in Dubai like villas, homes, or apartments for now, you can see it turning to gold like the touch of Midas in few years. One of the best things in Dubai is that there are no income or property transactions in Dubai. That means you don’t have to pay a single penny as property tax which is an alluring indication to invite rich buyers from all corners of the world. For this very reason professionals wish to buy properties in Dubai.
If you wish to buy property in Dubai, you have to make a research as on what kind of properties are available for to generate good income to owners. Apartments in Dubai are the first choices of greater percentage of buyers. They can be a means of earning money or a place to retire oneself for complete peace of mind.

Real Estate in Dubai and Its Promising Future

For well over a decade, Dubai has been a city fit for the elite. For the rich and royal of the Arab world, it was the ultimate playground. Dubai real estate too, over the course of years has lived up to the city’s reputation of being one of the most expensive cities to live in.

After the decade’s worst economic meltdown that came in 2008, the realty market of the city suffered badly. During the recent few months however it seems as though the luxury real estate of the city has been brought back to life. During the past few decades, the very name of Dubai became synonyms to luxury.

Despite the impending recession, Dubai’s luxury developments have surprised many by retaining their stature of being some of the most sought after properties in the city. According to many luxury developers actively busy in various high profiled projects, the response this high end real estate in Dubai have been receiving from the investors is healthy to say the least.

The various quarterly reported churned out by several researchers during the past few months have shown a clear spike in the value of most of the luxurious properties. Although the high end property of Dubai has performed well throughout 2011, an explicit rise was noticed during the last quarter of the year.

The Dubai apartments for rent in the fourth quarter of 2011 saw a massive increase of 4%. Even though, as per many experts, the reason behind such sharp rise in the rental value of villas in high end areas is their limited new supply.

According to the quarterly report released by Jones Lang LaSalle, several of the luxury properties in Dubai are performing better than they did the year before. Some of the other high-end properties which showed a healthy increase in both demand and price were Arabian Ranches, Meadows, Springs and Palm Jumeirah.

With more new office buildings being completed, vacancy rates continue to rise, forcing a decline in rent in certain parts of the city. Tenant demand is generally being driven by the increased affordability of rent and the opportunity to move into new office apartments for rent in Dubai from older buildings.

A majority of the supply of office space in the market place exists in areas such as JLT, Tecom C and Business Bay. These areas offer a large choice and are better suited to smaller businesses. There is increased vacancy in the complexes (towers) surrounding the DIFC as several large businesses are relocating their offices back to DIFC due to availability of space.

Within some of the older, established districts such as Deira and Bur Dubai, vacancies appear to be increasing as larger businesses choose to relocate to CBD due to better affordability and the advantages of new and improved buildings. Lease terms offered by landlords are generally becoming more flexible and attractive to tenants with the offer of large rent-free periods and longer leases.

Right Time for Dubai Property Investment

Whenever you decide to buy Dubai property what is the one thing you want to listen you want to hear? Obviously, low prices or rock bottom property rates. Today, Dubai real estate market is the only investment market which is heavily attracted by buyers and investors of all over the world. Dubai property market offers many low rentals and dropping property rates for real estate investment lovers. The reason behind this decline is only an excess availability of properties. According to an estimated value, about 100000 units expected to hit the market by this midyear, this situation seems to be prolonged. Those who are looking to make some profits through real estate investment then this will be an ideal win a win situation.

According to a Dubai property market report, Dubai Land Department has been a drop of almost 18% in property transactions. Commercial properties are also available on low rates as compare to last year price rates. In fact there are so many landlords and property owners are also offering long term leases or even increased cheque options. So, this is a golden chance to buy your favorite property at your favorite place in Dubai.

Also, because of increasing Dubai’s economy there are so many people moving to the Dubai either for work, investment reasons or for a better lifestyle. Because of its nightlife, its glitzy malls and fabulous infrastructure, this city is also known as one of the most favorite tourist hotspots for worldwide tourist. Today, Dubai is also recognized as a city of superlatives. Tall imposing structures, bright lights and glamour. Who would not want to be a part of this swinging cosmopolitan whirl at a rock bottom price? Property downswings have not affected the quality of life in Dubai at all.

There are so many Dubai accommodation options available like Dubai homes, villas, condos and many rental apartments that vary from the exclusive to the cheap. If you are visiting this city with your family or children the Palm Jumeirah is a suitable option for your Dubai vacations. Palm Jumeirah offers you shopping, schools, medical and entertainment facilities all within a small distance from your residence. On a short distance, The Dubai Marina and the Burj Dubai offers you a complete range of lavish and luxurious villas for those interested in luxury.

A closed community of family villas is available at the Arabian Ranches. Satwa is also located nearby and identified as a place of bright lights and buzzing nightlife. This place is perfect for young couples and singles. The Trade Centre is another result of quality real estate development in Dubai. This sky-scraping tower offers your plush apartments along with complete range of luxurious amenities.

Choosing a perfect location in Dubai completely depends on what individual priorities are. Your selected location and accommodation has to be suitable for lifestyle but also for your budget. Property in Dubai is one very attractive proposition right here, right now.

UAE Real Estate Market 2012: Will A Golden Chance for Real Estate Investors?

On last Wednesday, a senior government official declared a statement that Job establishment and increasing economic activity will boost the demand for Dubai residential real estate this year.

Sheikh Ahmad, who is the chairman of the Dubai Supreme Fiscal Committee, said on Wednesday that the economy of Dubai is expected to increase by 4.5 percent in 2012. Also, this growth will be three percent more than last year.

While the real estate and construction sector is forecast to decline by 2.5 percent this year, the Department of Economic Development said it was confident overall economic growth would lead to increased demand for property and help to ease the emirate’s oversupply issue.

Sami the director general of the department of economic development, said in a presentation of Dubai Economic Outlook 2012 on Wednesday that “I believe by increasing and pushing growth in the other sectors, demand will increase in the realty sector,”

Currently there are about 336,000 residential units in Dubai, according to the property consultants Jones Lang: approximately 23,000 additional units will enter in the U.A.E real estate market in 2012.

“We are expecting more jobs to come and more people to come and we are expecting more demand in the realty sector. I believe if other sectors start showing positive growth definitely it will have a positive impact on the landed property,” he added.

According to the latest job index survey by Bayt.com, it is found that many businesses will hire new staff in next three months. So, it will be a great opportunity for many job searchers to start a new life in U.A.E. About 50% of the U.A.E companies said that they will defiantly open job vacancies in next three months and about 44% of U.A.E firms said that they will hire less than or may be five people in their companies. A recent survey indicates that 60% of the companies will defiantly start hiring employees this year.

“We need to come and work on some initiatives to push the real estate and construction sector… to show some positive movement. I believe the government is working towards these initiatives and to work to move this sector,” Sami said.

According to the 2012 property report of U.A.E, Jones Lang believes that here are some major trends for the U.A.E’s property sector that will definitely increase in next twelve months:

More Practicality: The landed property sector of U.A.E will show more realism in 2012. The project owners or constructors will be more focus toward clients demand and requirements and long-term commercial feasibility.

More choice: The choices for property investment will increase in 2012. So, it will be a great chance for worldwide property investors to choose their favorite property for profitable investment.

Higher Quality: In 2012, there will be a stress on better quality projects across all sectors. Also, there will be a greater division between winners and losers as performance will depend on the quality of their construction.

More transactions:A higher volume of transaction is expected in 2012.It will happen just because of increasing interest of worldwide investors in U.A.E property market.

Hopefully above information will definitely help you to understand that whether this year will be a golden chance for UAE property lovers or not. Best of Luck!

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