News Archive: archive

07, 2012 February:

No upturn in 2012 as UAE market continues to decline

Housing analysts in the UAE reported this week that the housing market there will continue to decline as the region goes on suffering from too much supply.

17, 2012 January:

Agents set for new developer-helping Abu Dhabi law

Overseas property agents in Abu Dhabi are getting ready for the introduction of a new real estate law designed to support developers working in investment zones such as Saadiyat Island, Reem Island and Al Raha Beach.

06, 2012 January:

Aldar bailout could spell good news for Abu Dhabi

Abu Dhabi’s bailout of the emirate’s biggest holdings company Aldar Properties PJSC could spell good news for the area if the firm can focus its resources, according to a financial services specialist.

16, 2011 December:

UAE developers need to improve apartment handovers says Cluttons

The international agency group Cluttons has accused developers based in the UAE of not trying hard enough to hand over the management of apartment blocks to their owner associations because of the financial gains involved.

05, 2011 December:

Global housing markets struggling

The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.

30, 2011 November:

New laws will boost Abu Dhabi home sales

The Abu Dahbi residential market is poised for major growth as overseas and domestic buyers gain more and more confidence from the city’s new property laws and regulations says Ozone Real Estate, an international broker group based in the United Arab Emirates (UAE).

04, 2011 November:

No date yet being given for new three year property visa in the UAE

There is not date for real estate owners in the United Arab Emirates to be granted a three year residency visa if their property is worth more than AED1 million, it has been confirmed.

24, 2011 October:

New blow to UAE property market as analysts predict more price falls

Property prices and rents in the United Arab Emirates may drop a further 20% this year and next because of excess supply, according to analysts.

11, 2011 October:

Rents in Abu Dhabi still falling, but at slightly slower rate

The Abu Dhabi residential property market is still sluggish as apartment rents continue to fall and sales levels remain low, according to the latest real estate data.

04, 2011 October:

August sees 14% passenger growth at Abu Dhabi International Airport

Abu Dhabi Airports Company released the traffic report for Abu Dhabi international Airport for the month of August 2011, recording a robust 14% growth over last year’s figures with passenger traffic reaching 1.09 million.

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