30 Billion AED invested in Dubai real estate in 2011
New official data shows that over 30 billion AED was invested into Dubai’s real estate sector during the first 6 months of the year. Of the 30 billion AED invested, over half (16 billion AED) was invested in apartments; 12 billion AED was accounted towards land deals while the rest was invested in buildings. Interestingly, [...]
Dubai Property is “world class” and “built for the long term”
In an exclusive interview with the Gulf News, the recently appointed CEO of Jones Lang LaSalle’s Middle East and North Africa division gave his views on the current state of property markets in the GCC. Alan Robertson who stepped into the role only last month explained that the outlook for property in the area was [...]
New investor survey finds Dubai market outlook is positive
The results of a survey conducted by RERA were released yesterday highlighting a positive outlook for Dubai’s property market. The survey looked in depth at the confidence of investors, developers and real estate brokers through-out the market. More specifically the study measured attitudes towards the new 3 year residency visa rules and how they will [...]
GCC property investors flock to Dubai
Dubai continues to attract investors from across the GCC region according to the latest official figures. The statistical report on the Gulf Common market showed that there had been a significant increase in the number of Gulf nationals now owning property in Dubai. Analysts have suggested this is primarily because the emirate offers a developed [...]
Dubai real estate – no property oversupply according to experts
An increasing number of industry experts and property professionals in Dubai have come to challenge the common misconception that there is a huge oversupply of property in Dubai. Local realtors have been accused of deliberately misrepresenting the property supply in an attempt to sell off large volumes of property at rock bottom prices. Prominent developer [...]