End users and rentals are key feature at Property Shopper – news for overseas property investors

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The 2nd Property Shopper opens its doors this weekend at the Grand Hyatt bringing together 40 real estate agents and brokers showing residential and commercial properties across the UAE with a key focus on rentals and the emerging end-user market.
‘Looking at the [...]

UAE 3rd most optimistic nation: Nielsen Consumer Confidence Survey

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UAE is ranked the third most optimistic nation in the latest Nielsen Consumer Confidence Index, despite a world-wide struggle in the wake of an economic slowdown, moving up from its previous fourth position ranking six months ago. Out of 52 countries surveyed, [...]

Second edition of Property Shopper opens today in Dubai – news for overseas property investors

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The 2nd Property Shopper, launched in May 2008, brings together 40 real estate agents and brokers showing residential and commercial properties across the UAE with a key focus on rentals and the emerging end-user market the Grand Hyatt, Dubai from November 13-15, [...]

UAE Property Boom Drives Demand for Office Space – news for overseas property investors

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UAE office space is showing little sign of slowing down business-wise, and the construction and development sectors in particular continue to be attracted to the Gulf region, creating a lucrative market for the world’s office suppliers.
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Burj Dubai Prices Drop by 50% – news for overseas property investors

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Real estate prices in Downtown Burj Dubai, Emaar Properties’ flagship development, have fallen at least 22%, while prices in the Burj Dubai tower itself have dropped as much as 50%, reported The National. UK-based property consultants Sherwoods said prices in the development, [...]

Land transactions in Dubai top Dhs513.12m – news for overseas property investors

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The total value of land transactions in Dubai on Wednesday 12/11/2008 peaked at Dhs513.12m, of which sales exceeded Dhs173.98m; and the total value of mortgages during the period was Dhs339.13m, according to the Land Department.
A total of 5 sale transactions were registered [...]

Dubai and Ajman property to grow despite global downturn – news for overseas property investors

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DUBAI – A top Dubai property development executive said Sunday that the emirate’s booming real estate sector would maintain growth despite the global crisis as demand continued to outstrip supply.
“Domestic demand for real estate continues to outstrip supply, and [...]

Panel of property developers to monitor real estate projects in Dubai – news for overseas property investors

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Dubai government has set up a panel to monitor future real estate projects to better safeguard the property sector, according to a daily report.
The panel, made up of master and private developers, was formed “with the intention of securing future supply,” Nasser Al [...]

$200 million invested in cement manufacturing unit in Ras Al Khaimah – news for overseas property investors

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Star Cement Co LLC, a leading player in manufacturing and trading cement in the Middle East, will invest $200 million in a high-tech clinkerisation-manufacturing unit in Ras Al Khaimah to produce clinker at 6,500 tonnes per day. The facility is based in an [...]

Better Financial Guidelines for UAE – news for overseas property investors

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Greater transparency and better financial regulations have been planned in the UAE to maintain its competitive edge in the global market, the government indicated.
“The bank benefited from the liquidity pumped by the Ministry of Finance [MoF] and the Central Bank to provide necessary [...]