Coldwell Banker

27 July, 2010
Dubai’s villa price index rises 6.99% in June
Dubai: The villa index increased by 6.99 per cent between the second quarter 2009 and the second quarter 2010, June figures of the Sales Price Index for Dubai (Spid) reveal. Real estate information company Reidin.com, which is covering emerging...

27 July, 2010
All units must be registered with Land Department
The Dubai Cassation Court has introduced a new legal ruling necessitating the registration of the property purchase contract with the Lands and Property Department as means of proving property ownership. The ruling was issued in line with the terms...

26 July, 2010
UAE remains among top 10 most optimistic nations
Dubai: Despite a slight drop of two points to 101 in the second quarter compared to the previous quarter, the UAE is still among the “top 10 most optimistic nations”, according to the latest edition of the Nielsen Global Consumer...

26 July, 2010
Jumeirah calling
Call it standard deviation, erratum, or perhaps the text between the lines, but sometimes there are facets of truth that resist quantification. This is the case with Jumeirah, on which the most reliable data illuminate one simple point: we...

12 July, 2010
Al Khail Gate offers affordable option
Dubai: Dubai Properties Group (DPG), a member of Dubai Holding, yesterday announced that it is addressing the shortage of affordable housing in the region with Al Khail Gate, an innovative development designed to accommodate reasonable mid-range...

12 July, 2010
Dubai to guarantee funds for properties
Dubai: The Dubai Land Department Wednesday introduced a financing initiative called “Tayseer” to stimulate real estate funding for 40 selected developments in the emirate. The government guaranteed fund has been designed to fund...

05 July, 2010
Real Estate Realistic service charges ‘keep old buildings safe’
Keeping service charges at realistic levels is a desirable practice to keep old buildings intact. Owners have been told that levying low services will accelerate deterioration of the buildings. “Some owners in Dubai do not see the value in...

05 July, 2010
Rera gets tough on freelance agents
Dubai’s Real Estate Regulatory Agency (Rera) is taking stern action once again to control the activities of freelance brokers/agents and has termed their activities “illegal”. “We do not recognise a separate category of freelance broker/agent. The...

01 July, 2010
Prices of residential units in Dubai drop by 1.23%
Dubai: Prices of residential units in Dubai dropped 1.23 per cent in May from the previous month, according to Reidin.com’s index, which is calculated in partnership with the Real Estate Regulatory Agency (RERA) and the Dubai Land...

27 June, 2010
Dubai residential transactions leap 49%
Dubai’s residential sector has shown promise in the second quarter of this year with the number of residential transactions increasing by 49 per cent over the last quarter. Similarly, achieved prices have risen by one per cent in the second...

27 June, 2010
Investing in UAE commercial property
Question: If I want to invest in commercial property in Dubai, what are the steps I have to take? Also, if I cannot manage the property myself after purchase, are there firms in Dubai that manage such properties? The first step before making any...

22 June, 2010
Demand rises for Dubai villas as rents get cheaper
Villas in Dubai are garnering an increased demand from potential tenants as rentals become economical. “Villa rentals are looking very attractive at the moment. With a further supply of villas to enter Dubai, rentals are expected to decline...

22 June, 2010
Al Maktoum International airport receives first flight
Dubai: The first test cargo flight from what will be the world’s largest airport landed on Sunday at Dubai World Central-Al Maktoum International airport, giving the green light for operations to begin next Sunday. Emirates Flight EK9883, a...

21 June, 2010
Key points to protect owners
The strata law sets out a framework for how homeowners manage jointly owned buildings and developments. For the average homeowner, the law is about service charges. These annual fees can reach tens of thousands of dirhams in some developments in...

20 June, 2010
Rents drop as supply rises in Dubai
Lease rates in Dubai continued to decline in June compared to April, as more housing stock was released into the market, a real estate consultancy said. Landmark Advisory, in its Dubai lease guide, said although the units in lower-quality buildings...

20 June, 2010
Investing in UAE commercial property
Question: If I want to invest in commercial property in Dubai, what are the steps I have to take? Also, if I cannot manage the property myself after purchase, are there firms in Dubai that manage such properties? The first step before making any...

15 June, 2010
Phase 2 of Cedre Villas attracts bookings
The release of 647 completed units in Phase 2 of Cedre Villas, Dubai Silicon Oasis Authority’s (DSOA) master development, is a boost to the freezone community’s status among investors and tenants. While 400 villas in Phase 1 have been...

14 June, 2010
Renters’ market: Move up in life
Dubai: Two years ago, Dubai was an owner’s market. Landlords were king and tenants had to settle for whatever was available within their budget. Today, all that has changed. Real estate professionals admit it’s now a buyer’s...

14 June, 2010
Municipality uses e-system to rent properties
The Dubai Municipality has begun the application of a new e-system to manage and rent its properties in collaboration with Dubai e-Government. The system aims at automating the leasing process of property and simplifying and speeding up services to...

13 June, 2010
New development in property
The remit of a property developer in the UAE was once fairly simple: build a handful of villas, add a few towers and perhaps an island or two, while a shopping mall would follow to complete the township. Such a plan was successful for many...