Dubai Real Estate Yields Massive Profits

Dubai real estate brokers achieved profits totaling AED1.4 billion during the first ten months of this year, as stated by the Land Department (LD).

The Real Estate Regulatory Agency (RERA), LD (Land Department) regulatory arm that manages property purchases within the emirate, released the amount.

The reported amount covers the profits that real estate agents acquired from businesses and persons authorized with the RERA. Dealings involved a regular two percent fee grounded on the real value of the transaction, unless both parties agreed on a different quantity. The total transactions for exactly the same period were reported at AED73,867bn, while revenue accounted for the additional share by recording AED59,542bn, which also led to AED1,190bn as brokers' share.

Issue of New Bonds makes it Easy to Buy properties in Dubai

Dubai real estate developers might issue bonds to finance a developing pipeline of fresh projects - and industry actions imply they'd bring powerful investor demand, regardless of the sector's economic crash only a couple of years back.

Previously, most property and building businesses within the emirate depended almost completely on bank financing. That technique might not work because the following building cycle starts, even though local banks are flush with revenue.

New Projects announced for Dubai Property Market

Dubai's property market is showing further signs of recovery with a string of new jobs and development being declared.

Dubai property business Deyaar has announced two new developments this year. CEO Saeed Al Qatami said that one of the new projects will be an AED500 million residential development within the emirate's Business Bay district.

Al Qatami did not give any information on the next project, but said the developer now has a property bank of around a million square feet in Business Bay and in addition it looking at resuming work with some of its own projects that were stopped during Dubai's 2008 real estate crash.

Property in Dubai Observes Rise in Prices

Increase in price of property in Dubai could be the 2nd best in the planet in recent months, just surpassed by price increases in China.

Residential prices in Dubai increased more than 9% in the first quarter of the year, making the emirate the 2nd best performing nation out of 55 included in the Knight Frank worldwide index.

On a yearly price rises in property in Dubai is up 21.1% when compared with the annual increase in the very first quarter of 2012 and the it also implies that costs have increased on average by 18.9% in the 3rd quarter of 2012.