Emmar to launch new property for sale in Dubai project every week

Top residential Builder Emaar is now going to start a new development projrct every week in 2014 across Dubai - with sources indicating the tendency can continue throughout the year. An amazing seven fresh developments have already been declared in the initial eight days of the year, starting with the "Lila" Spanish coastal villas in Arabian Ranches.

Dubai Real Estate market in fears of another bubble

A global property consultant said Monday there are worrying signs that Dubai might be confronting yet another financial bubble after property prices soared over 22 per cent last year and rents by 17 percent.

 Dubai is currently home to the world's tallest tower -- the Burj Khalifa -- and numerous manmade islands in the shape of palm trees along with map of the world.

In several sectors, the town is still recovering from the 2009 financial bubble that resulted in property rates in Dubai reduced by more than half. The town's government finally wanted a 10 million bail-out from neighbors Abu Dhabi, and Dubai-held companies are still trying to repay 10s of billions of bucks in loans after the town's frenetic constructing boom arrived into a stop.

Prices of villas in Dubai to see considerable changes this year

Jones Lang LaSalle (JLL), an international property consultancy, stated on Monday the Dubai property market was "smarter" this period with traders getting more careful helped by better laws in position.

"There is concern that Dubai may experience yet another bubble, however there are numerous variations this time around that makes for a 'smarter' marketplace," Craig Plumb, Head of Investigation, JLL Mena, said at a media meet in Dubai used to produce their best 2014 tendencies for UAE real estate market.

New apartment for sale project launch announced by Emmar

Emaar has declared its second apartment for sale in Dubai launch of the year as new figures signify that apartment costs in the emirate increased by more than a fifth in 2013.

The Dubai builder mentioned yesterday that it was about to start marketing serviced apartments at its newest endeavor, a 63-storey tower above the Dubai Mall expansion.

The 297 luxury apartments, which will be linked to the shopping center with a connection, may move on sale on Saturday in Dubai, Abu Dhabi and Singapore, Emaar mentioned.

Buying Dubai property the hottest trend for Real Estate Enthusiasts across the Globe

Foreign ownership continues play a significant role in Dubai real estate market, with more than Dh114 billion in purchases a year ago being attributed to these buyers, according to numbers produced by the Dubai Land Department.

Indian passport holders showed the bulk of the purchases, followed closely by British and Pakistani nationals why contributed by buying Dubai property. It’s interesting to see that foreign people from 162 nations finished up acquiring real estate in Dubai in 2013. “Investors from around the globe find Dubai is providing an attractive climate to start property business,” Sultan Butti Bin Mejren, director-general in the Land Department, explained.

Villa for rent in Dubai a more sought after option then buying property according to a new report

The number of UAE citizens who rent property is dramatically greater than those who own homes in the UAE, based on a nationwide review by propertyfinder.ae.

A big expatriate population and soaring property prices have raised leasing, explained Renan M. Bourdeau, deputy President of propertyfinder.ae.

“Home cost increases in 2013 have made buying much more costly, their interest is automatically shifted to look for an apartment or villa for rent in 

Dubai. Additionally, tighter credit standards for mortgages, capping of the loan-to-price control at 75 percent and doubling of property registration costs signify unless you have enough to place a healthy deposit right down to secure a mortgage, you will need certainly to stick with rent.

Apartment for rent in Dubai sees an upsurge in rates last year

As rates for apartment for rent in Dubai surged 50 per cent while accommodation rental charges grew 20 per cent, according to a recent report Dubai’s leasing industry grew dramatically in 2013.

As typical rental rates for rentals and apartments increased 22 and six per cent respectively Strong growth was also shown by the emirate’s residential rents within the last quarter of 2013.

Among villa rentals, Mirdif registered the greatest growth rate with rents rising by 40 per cent while Arabian Ranches found a 30 per cent growth in leasing rates.

The statement attributed the surge in rents to continued unrest in the larger Arab region, Dubai’s prosperous Expo quote and an expanding economy.