Coldwell Banker

Dubai off-plan unit sales pick up
Limited off-plan sales activity is being recorded in Dubai especially for properties in a good location and for those nearing completion, real estate experts said. Although the off-plan market continues to be challenged by factors such as lack of...

IMF doubles UAE growth to 1.3% in 2010
The International Monetary Fund (IMF) yesterday more than doubled the growth projections for the UAE economy for 2010 to 1.3 per cent from 0.6 per cent it had announced in January. In its latest World Economic Outlook, the IMF said vulnerable...

No delays on any of our 55 projects: TDIC
The Tourism Development and Investment Company (TDIC) of Abu Dhabi yesterday reiterated that there are no delays in 55 projects being executed at a cost of more than Dh120 billion. The company said a number of the projects have already been...

UAE tops world in property registration: World Bank
Investors seeking to own property for business purposes in the UAE can do so much faster than in any other nation, and this has catapulted the country to the top rank in the global property registration index. According to the World Bank, investors...

Residential prices in Dubai set to recover by 2011: report
Dubai’s residential market prices are likely to recover by 2011 with the sector experiencing an over-supply of residential properties in the emirate, a recent report said. The Jones Lang LaSalle report titled ‘Dubai Real Estate Market...

Tenants flock to Jumeirah and Umm Suqeim
Residents have shown increasing interest in renting units in established Dubai communities such as Jumeirah and Umm Suqeim, according to research by Cluttons. The company’s April 2010 property market overview found many people are choosing to...

GoldCrest Views 2 units up for leasing
Star Giga Establishment yesterday said it will begin leasing apartments in its GoldCrest Views 2 at Jumeirah Lake Towers. The 39-storey GoldCrest Views 2 offers freehold apartments with modern amenities, entertainment, shopping and leisure...

GCC developers offer extended payment plans
Developers are now offering extended terms of between nine and 12 months for settlement of handover amounts. Although property companies in Dubai continue to offer incentives and payment solutions to their investors, GCC-based developers are...

Big deals on table spark talk of turnaround
A string of big-ticket deals looming in the commercial property sector is giving hope to the view that it has started the long climb back to health. Any momentum could be given a kick as early as this week if, as expected, Melbourne group Salta –...

Realty valuation law in Dubai gets finishing touches
New laws will make it mandatory for property valuers to get a licence. The Land Department of Dubai has completed work on around 80 per cent of the real estate valuations law, a senior official said. Mohamad Al Dah, Head of Taqyeem, Real Estate...

Coldwell Banker UAE on Twitter. Follow us.
If you want to stay up to date with what’s happening in the UAE real estate market, follow Coldwell Banker UAE on twitter and view all our updates! We provide you with hot real estate news as well as links to some of our most attractive...

Dubai apartment, villa rents continue to increase
Apartment and villa rents continued to rise in March this year, as property prices fell due to oversupply, Deutsche Bank said. Rents for apartment rose 1.1 per cent in March, compared with the previous month, the bank said in a note to clients....

Why invest in property?
Dubai: Financial and real estate experts agree that investors — wherever they are around the world, should make property a part of their diversified portfolio. Property has long been viewed as a strategic investment that can ride out economic...

Coldwell Banker Career Open Day
Join the best in the real estate industry. We are holding a career open day for experienced real estate consultants on April the 13th 2010. Send your resume to spamFreeEmailLink('hr', 'coldwellbanker-ae.com',false); & we will call you back...

Call for ceiling on agents handling listings
Property buyers or sellers should not be allowed to list their properties with more than three real estate agents, according to a brokerage firm. Hesham El Far, CEO, Coldwell Banker, said: “While there are some active multi-listing systems in...

Dreams can still come true in Dubai’s property scene
In 2003, Robert Miller dreamed of escaping the cold winters of the UK and set about looking for a second home in Dubai. After coming to the emirate on several holidays, it did not take the company director long to settle for a flat in Palm Springs,...

Dubai Investments Park rides out rough market conditions
Being a wholly-owned subsidiary of Dubai Investments, DIP has never had to face liquidity constraints to get on with the many phases spread across the 2,400-hectare development. “Whenever we lease 80 to 85 per cent of each phase, we move on...

GCC stock markets need unity, says minister
Sultan al Mansouri, the Minister of Economy, is proposing closer co-operation between the region’s stock exchanges, with a plan to encourage companies to go public and battle the global economic downturn that has wreaked havoc on stock market values...

Valuation standards ‘essential’ to rebuild trust in real estate
Introduction of more professional valuation standards is an essential precondition for rebuilding the trust and confidence required for the recovery of real estate markets across Middle East and North Africa (Mena), according to a report by Jones...

Ejari registration ‘a must’ for all rentals
Registration of residential and commercial rental contracts in Dubai is mandatory through the Ejari, e-registration portal, and failure to comply with the law, by any party to the contract, may lead to imposition of penalty, a senior Real Estate...