Coldwell Banker

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...

13 June, 2010
New strata norms to usher in better service expertise
New Strata Law guidelines will open the market for more newly-established specialised facilities management (FM) companies to operate in Dubai, according to industry experts. Douglas J Ralph, Managing Director, Snag & Inspect, said: “The...

08 June, 2010
Rents at Burj Khalifa start at Dh140,000
Dubai: The tallest tower on the planet has opened its doors to tenants. With the handover of the Burj Khalifa residential units now starting, the market is beginning to get a feel for how much the rent should be for the 828-metre building’s...

08 June, 2010
Burj Khalifa homes enter rental market
Dubai: Prospective tenants got a feeling for annual rents in the world’s tallest tower, as real estate agencies began marketing the first 60 units in the Burj Khalifa this week. The asking price for a studio on a lower floor with sea view...

06 June, 2010
Best rentals up for grabs in Dubai
The best rental deals in Dubai are currently available in International City, Discovery Gardens and Dubai Silicon Oasis as landlords there start to compete to rent their units, according to realty consultants. Mohanad Alwadiya, Managing Director,...

06 June, 2010
How to evaluate property value in these turbulent times
Dubai : A good dose of common sense could come in handy in setting an optimum value for a real estate asset, more so than ever in these uncertain times. “The markets are moving very fast to rely on historic data and there’s a huge gap...

06 June, 2010
Rera nod needed to collect service fees
Master developers in Dubai will be required to set up “community associations” that will take over the responsibility of operating and maintaining the master community common area and facilities, the new Strata Law guidelines...

06 June, 2010
Burj Khalifa fee ‘competitive’
A cross-section of realtors and estate agents told Emirates Business that they found the service charges for Burj Khalifa to be competitive. Matthew Hammond, Head of Agency, Jones Lang LaSalle Mena, told this newspaper: “The quoted service...

01 June, 2010
Mortgage market begins to stir back to life
After much gloom, there is finally some good news on the home-financing front. The Dubai and Abu Dhabi mortgage sectors are gradually staging a recovery, with banks lending more freely. While Abu Dhabi’s developers and lenders have hogged the...

01 June, 2010
‘Property prices in the UAE aren’t going to go anywhere until the end of 2011-1212′
Starting out as Landmark Property Consultants in 2006 and transforming into Landmark Advisory in April 2008, the real estate research and advisory body has had a challenging time over the past two years, producing regular sales and leasing reports...

31 May, 2010
Office landlords offer rent holidays to fill buildings
Office landlords in Dubai are offering increasingly attractive incentives, including rent-free periods of up to two years on five-year leases, as they compete for tenants. As new buildings were delivered in the first quarter this year, rents fell by...

31 May, 2010
Foreigners offered long leases in Al Fanar
Escan Investment and Real Estate Development, an Abu Dhabi-based real estate developer, yesterday said it will offer long-term leases of up to 100 years, and title deeds to foreigners who have 49 per cent company ownership in the UAE, for its Al...

31 May, 2010
Land Department releases Strata Law guidelines
The Land Department of Dubai released guidelines for implementing the Strata Law, which redefines the rights, responsibilities and obligations of all parties to jointly owned properties. Implementation of the guidelines, which took effect from...