Coldwell Banker

Dubai property outlook mixed in 2012
Although average prices in Dubai’s residential property sector will continue to slide in 2012, home values will rise in certain parts of the emirate as the market becomes increasingly polarised, according to a new report by Jones Lang...

Cruise to Dubai’s World Islands to begin soon
In August, this website reported that Nakheel was in talks with tour agencies to start tours to The World Islands from Palm Jumeirah. “We are trying to develop a tour and cruising business to The World islands from Palm Jumeirah… A lot of tour...

Real estate companies will be trained in corporate governance
Dubai: Property companies based in the emirate are to receive new training in an attempt to boost transparency and enhance foreign investment in the market, the Real Estate Regulatory Authority (Rera) said yesterday. The training, which begins later...

Stay at the Burj Khalifa – for Dh7,000 a week
Owners of apartments in Burj Khalifa, the tallest tower in the world, are offering units on short-term rentals with leases starting from Dh7,000 a week. An advert, put by an owner of a studio and one bedroom apartment in Burj Khalifa, in a local...

Projects to look out for in 2012
It’s been just over three years since one of the worst global financial downturns crippled the Dubai real estate market. Every new year comes with a lot of hope for those in the industry, and year 2012 is not different. While 2009 and 2010...

The easy way to switch to a hi-tech home
A house that takes care of its security and controls its energy consumption is no longer a far-fetched idea. Smart homes are a reality these days. But how about making your existing house — be it an apartment or villa — a smart home, with minimal...

Community guide to Jumeirah Lakes Towers
As its name suggests, Jumeirah Lakes Towers is built around four man-made lakes. This mixed-use community by Dubai Multi Commodities Centre (DMCC) currently boasts 58 completed towers in 26 clusters, spread over 200 hectares of land. Conveniently...

Dubai dreams, develops and delivers…
“Dream, develop and deliver” - this is what Dubai stands for in terms of real estate. From a small department, set up in 1960 that served just the local population, the Dubai Land Department is today globally recognised, servicing more than 150...

Dubai Marina leads property revival in emirate
Dubai Marina has topped the list of freehold areas of Dubai, registering 800 transactions valued at Dh903 million for the first nine months of 2011, according to data provided by Reidin.com. Emirates Living district witnessed 553 transactions worth...

Growing foreign interest bodes well for UAE’s luxury property
One of the key trends influencing the global prime development market has been the growing dominance of cross-border transactions, with prices of luxury property up by 4.3 per cent in the first three quarters of 2011, according to a new report by...

Visitors snap up Dubai holiday homes
Many tourists visit Dubai so frequently, they consider it their second home. Going a step further, many of them are now setting up a second home here, a trend that appears to be picking up, considering the attractive property prices. Patricia...

Residents fight for a free beach club in JBR
The story On the surface, the upmarket Jumeirah Beach Residence (JBR) enjoys an enviable reputation — it has an attractive retail strip, The Walk; it’s right on the beach and it appears self-sufficient. But all is not well in the community as...

Age of realism in property market
Dubai: Such is the short-term nature of man’s memory that it is very easy to define the UAE’s property market purely by what has happened since September 2008. But it would be such a disservice to omit the many elements that made the...

Only way for the UAE property market is up now
The real estate market in the UAE appears to have bottomed out, according to the Institute of International Finance (IIF). “The real estate market in the UAE appears to have bottomed out, and significant progress has been made in corporate...

Emaar Properties records net operating profit of Dh1.249b
Dubai: Emaar Properties PJSC, developer of the world’s tallest tower Burj Khalifa, reported a net operating profit of Dh1.249 billion ($340 million) in the first nine months (January to September) of 2011. Revenue for the first nine months...

Sheikh Zayed Road favourite of tenants
Properties on Sheikh Zayed Road were the top choice of people looking to rent in Dubai this year, according to leading experts in the real estate industry. And, most leasing transactions seem to be taking place for apartments in the city. According...

Mauritius developers trying to attract wealthy investors
Dubai: In any mention of today’s real estate hotspots or choice locations for second homes, it is quite unlikely Mauritius will even get a serious look. Maybe it’s time to revisit this mindset. While the island state continues to pull...

New $1b investment fund launched to target real estate sector in Dubai
Dubai: Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai, and Brookfield Asset Management Inc., a leading global alternative asset manager focused on property, renewable power and infrastructure assets with...

Emaar launches subsidiary to focus on mid-income housing
Dubai: In a nod to the shift in the region’s political and social realities, Emaar Properties has launched a wholly-owned subsidiary to create “value” housing projects in the Middle East and North Africa. The subsidiary, Dawahi...

Falling rents a double-edged sword
Dubai: The news that rents are continuing to fall in Abu Dhabi as more property comes online would come as a surprise to few in the capital. While construction appeared to slow down during the summer, the completion of the flagship project on Sowwah...