News Archive: property markets

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.

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.

16, 2011 September:

Cancelled and delayed projects in UAE increasing, report shows

The amount of construction projects cancelled and delayed in the United Arab Emirates rose to $170 billion in August indicating that the battered real estate sector in the Gulf state is still some way from a recovery.

24, 2011 August:

S&P predicts further property price falls in Gulf region

Property prices and rents in the Gulf will continue to fall in the second half of 2011, according to the latest outlook report on the region from ratings agency Standard and Poor's

29, 2011 June:

Dubai expands residency visa for property investors

The UAE has extended its residency visa scheme for those investing in the national property market, with home buyers now granted three years to live in the country rather than six months.

13, 2011 June:

Jeddah real estate market 'booming'

The real estate market in Jeddah is booming thanks to Saudi government’s recent SR500 billion ($133.3 billion) financial stimulus package and massive public sector infrastructure investments, according to property expert Jones Lang LaSalle (JLL).

05, 2011 May:

Hyatt announces opening of two Abu Dhabi properties in second half of 2011

Hyatt Hotels and Resorts has announced that its two Abu Dhabi properties - Park Hyatt Abu Dhabi Hotel and Villas and Hyatt Capital Gate - will open in the second half of 2011.

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