Dubai Real Estate Market

By: Allan Duncan

Dubai is the seventh emirate in United Arab Emirates which is second largest in area after Abu Dhabi. The major part of the revenue in Dubai is generated from property and tourism. This is one reason that most of the people prefer investing in Dubai Real Estate Market so as to make profitable deals and earn huge gains. The real estate projects in Dubai are simply mesmerizing and are a center of attraction for its visitors. The climate in Dubai is also arid making it a perfect option for the realtors to invest in.

Opportunities for Buyers

Various opportunities are available for the buyers in Dubai, as the real estate market offers a great assortment to people. Apartments, villas, condos and lots more, buyers have a huge choice to select something that can suit their requirements as well as taste. Buyers who believe that Dubai Real Estate Market needs a lot of investment can locate different properties to get exactly what they are looking for within incredibly reasonable prices. The best part is that people can easily obtain the property at a favorable location without having to bother about extra charges.

Opportunities for Investors

Just like buyers, investors can also get facilitated by making investment in the Dubai Real Estate Market. There are numerous options for the investors from where they can purchase property at reasonable prices and then sell it at fruitful prices making out great profits. Dubai real estate has facilitated several people to earn huge profits from their properties and get the best out of the market. All they need to keep in mind are the associated laws which are essential, especially while purchasing or selling a property. If they are new to the real estate market, then real estate agents can provide a lot of assistance in managing the legal paper work and other required obligations.

Real Estate Agents

The real estate agents in Dubai are well acquainted with different laws and they can lend a hand to both first time buyers and investors. If buyers find it difficult to search the right property to invest in, then these agents can help them to get one that they have always been looking for. Similarly, these agents can also assist investors in buying the right property, then listing it on the web and then finding the best buyer so as to make a fruitful deal that helps people to enjoy profits.

Apart from this, there are various other options which can rally round people to make investment on the right property. Internet is the easiest way to find such properties which people can choose. There are numerous websites present on the internet that list properties available at different locations and are generally updated twice a day so as to provide better convenience to the people. To get assisted with emails and latest property updates, people can effortlessly sign up with these websites and have the benefit of keeping themselves updated with the real estate market. So, if you also wish to make fruitful deals, just opt for Dubai Real Estate Market and get benefitted.

About the Author

Need help in Dubai real estate and Dubai Property? Provident Estate will help you in buying, selling, renting all types of Dubai properties. From villas, apartments, offices and commercial land. Call Now +971 4 3233609.

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Dubai real estate market putting up with recent setbacks

Dubai would have been able to get away with these setbacks, if there was just one or two at a time, but they arrived in such succession, that Dubai real estate market was left in the lurch by the severity of these setbacks. Some of these debacles could have been avoided, while others were almost unavoidable. Let's look at some of these disasters holding up the growth of Dubai real estate market for the time being.

Financial crisis effecting global economies:Financial crisis hit Dubai in many ways. There was so much construction work going on in Dubai, majority of these development have to be stopped because of serious shortages of finance. So many expatriates who were directly involved as the labors or working in another capacity at these construction projects were discharged from their duties, as a result they were forced to leave as per the Emirate laws. The exit of these workers resulted in further lessening in demand, which was already dwindling. Some other reasons for low demand include the completion of numerous residential and commercial units improving the supply side, abnormally high prices, and investors taking more and more interest in the neighboring emirates like Ajman or Abu Dhabi real estate. Plus, as it happens in recession, people are spending less on leisure activities like shopping or touring the high-profile places like Dubai. Low Oil Prices:Although, Dubai do not depend too much on its oil exports but the region surely does, especially its neighbor Abu Dhabi with considerably large reserves of oil. Dubai always anticipated a bailout in case of financial crisis. Now, Abu Dhabi whose economic stability largely depends on crude oil export (the prices of which are going down), is a little reluctant to support Dubai with a large enough financial aid. That is one of the main reasons why Dubai is left high and dry.

Amplification of the crisis by reporters:Dubai has always been fortunate (and now unfortunate) enough to inspire reporters and journalists to put in a little bit of exaggeration when reporting about Dubai. The whole growth scene was covered like there's nothing stopping Dubai, and now the debacles are projected as the tragic end to Dubai's fairytale. It's funny to see how quickly the number of cranes at Dubai's skyline has been replaced in the news coming from Dubai, by the number of abandoned cars at airport parking.

Still there’s a silver lining in the cloud for serious investors and that is after experiencing abnormal highs and lows, Dubai will eventually become a rather normal real estate market, once the speculations are decelerated and the prices settle on a more realistic levels, it'd be much safer for the serious investors.

William King is the director of UAE Dubai Property & Dubai Real Estate Properties Portal, Pakistan Real Estate & Pakistan Property Portal and Property & Real Estate Directory. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

What to do as a Real Estate investor in present Dubai economic conditions

Once the apple of real estate investor’s eye, Dubai has now become a thorn in the flesh for many of them. Especially for those who jumped the gun by ignoring all instructions and precautionary measures repeatedly thrown at them by Dubai regulatory authorities, as well as many real estate veterans, as they made some investment blunders whilst they were enchanted by the remarkable growth of real estate sector. Putting in Dubai real estate was certainly not a bad investment decision, but being incautious was. Even though the stupendous growth made Dubai look like an out-of-this-world place, in reality it wasn't, which means the rules of economics were as applicable to Dubai market as they are to any other market in the world.

So what’s there for investors, now when the Dubai dream is over …?
Before we continue to answer this question, let’s respond to this one. Is the Dubai dream really over? To tell the truth, all negatives reports and stories coming from the Dubai circles are having a little bit of hyperbole, there’s no denying that Dubai real estate market is dealing with some serious setbacks, but such problems were always expected. Dubai was never going to escape the consequences of global recession, especially when it mostly depends on tourism and finances coming from the west in form of real estate investments, as it is not oil-rich like its neighboring Emirates (e.g. Abu Dhabi).

Investors, who invested in off-plan properties without checking the credibility of the developer or real estate brokers with RERA, are probably the most grief-stricken group, as more and more developers are running out of finance to carry on with construction work, at the same time they are unable or reluctant to pay back. These investors are left with no choice but to file a suit with Dubai real estate court.

For those, who are worried because of sharp decline in prices, the best option is to hang around. Chances are that we will see recuperation as soon as we recover from financial crunch. It's only a matter of people getting out of their saving mode and touring Dubai (after all tourists attractions like burj-ul-arab or shopping malls have not vanished, they are pretty much there). Dubai is also looking towards a bail-out from Abu Dhabi, while Dubai government is also working to keep the damage caused by recent crisis in check, even if it requires the implementation of the new villainous media law.

William King is the director of Ajman Property & Ajman Real Estate, Wholesale Suppliers Directory Manufacturers Distributors and England Wholesale Suppliers. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

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Mega Property Projects in Dubai

When you think of Dubai today you will often think of one of the many Mega Projects such as Burj Dubai, Dubailand or the Palm Islands. Other mega projects under construction are corporate Bay and Metro Dubai.Burj Dubai, worth Dubai Tower, will most likely become the world's tallest building with an estimated height of around 818 m (2,684 ft).It is expected to be complete postponed 2009 and will house the first Armani hotel, exclusive apartments and corporate offices.On September 24, 2007 the Dubai Tower became the world's tallest free-standing edifice with it's 555.3 m (1,822 ft) surpassing the CN Tower in Toronto, Canada. The tallest building in the world will become the centrepiece of new Downtown Dubai which also includes: BurjDubai Lake hotel, Dubai Mall, BurjDubai Old city, Burj Residences E, Burj Residences T, Burj Residences W, The Lofts, South pucker, Burj Views and boulevard march.

In imposing 2008 the Tower of Dubai set a new chronicle height of 2,257 feet and has more than 160 stories.With the outside almost elegant employees have ongoing on the interior. Up plow now the finishing height is still a secret.Taiwan's Taipei 101 with a height of 1,667 feet and asset the chronicle while 2004 was surpassed in the June 2008.

Dubai Land :-

Dubai land, the leading theme park in the world, will have 45 mega projects and 200 sub projects when elegant in 2018. Already operational are Dubai Autodrome, The total Village and the Al Sahra Desert choice. This theme park is in amount twice as big as Disneyland and the Disneyworld resorts put together.The Dubai Metro structure will be the longest fully automated rail structure in the world. It will consist of 2 outline, the Red Line and the Green Line. The Red Line (phase 1) is expected to be complete in September 2009 and will run along the Sheikh Zayed road on a bridge. The instant stage, called the Green line will be built regularly underground and is scheduled to be complete in protest 2010. In compute the Metro will have a compute of 70 kilometres (43.5 miles) of outline, and 42 stations ( 9 will be underground stations). The Red Line will run for 50 kilometre (31 miles) with 35 stations from Jebel Ali docks, the American University in Dubai, through the city centre, and to the Airport limitless Zone. The Green Line will be 20 kilometres (12.4 miles) with 22 stations from Festival City, through the city centre, Dubai International Airport Terminals 1 and 3, and to Rashidiya.

Dubai Waterfront:-

The Dubai Waterfront is a conglomeration of canals and artificial islands forming an arc around the Palm Jebel Ali. It will reach the seashore of Dubai by 800 kilometers and will house about 400.000 people. The First stage of Dubai Waterfront is Madinat Al Arab the downtown centre of the development with the Al Burj one of the world's tallest skyscrapers.

Hydropolis:-

Dubai Underwater hotel, Hydropolis, the first underwater hotel in the world, is one of Dubai's mega projects in the making. The 220 suits are at a gravity of 20 meters and payments a night expenses $5,500. The compute investment for the mission was $500-million.Constructed from a combination of solid, steel and exonerate Plexiglas,

Author Resource:-> George Sotiropoulos writes exclusively for http://www.dubaiclassifieds.com about useful information about Dubai.

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Dubai real estate becoming home to celebrities

By: William King

Not that Dubai needs some celebrity endorsement to gain popularity; the "city of gold" is a star in itself. When a celebrity purchases some villa, island, or just put his/her name to some building, it's hard to determine who's being promoted? Dubai? The star? or both of them? Dubai has got a celebrity status, that is why celebrities are more than happy to attach their names with the developments going on, some have done it by purchasing a piece of property, others by giving their names to some development, while some are trying their luck in designing hotels or golf courses. Although, the property has got to deliver what it is supposed to deliver (yields on investments, luxurious lifestyle or world class business facilities), still nobody minds paying a little more when they know they will be getting a villa in the neighborhood of David Beckham or Brad Pitt.

Big names from Sports world:

Sheikh Mohammed bin Rashid Al Maktoum presented a whole island (in "The World") to Michael Schumacher at his retirement, probably one of the most expensive publicly known gifts to an individual in recent times. Schumacher involvement doesn’t end there; we have got a whole Michael Schumacher Business Avenue at Business Bay as well. Similarly Boris Becker has a 19-storey building named after him. ACI Real Estate recently launched "Boris Becker tower" in the same district. Talking of tennis celebrities, everybody knows the famous friendly match played between Roger Federer and Andre Agassi at the helipad of Burj Al Arab hotel. Then we have "Tiger Woods Dubai", a golf resort designed by non other than Tiger Woods himself. David Beckham represents the football stars at Dubai, who owns a luxurious Villa at Palm Jumeirah (though for the time being, his in-laws are more likely to occupy it).

Showbiz Biggies:

Dubai government is trying to make Dubai the prime destination for tourists, and what better way to attract people all around the world than bunching up some of the most famous showbiz names in Dubai, one way or another. Brad Pitt, Angelina Jolie, Hillary Swank, Kylie Minogue, Giorgio Armani, Carlos Santana, Shah Rukh; the names are big enough to pull crowds on their own. One of the hottest couple in Hollywood (at least among those, who are still together) Angelina Jolie and Brad Pitt have reportedly bought an island in "the world" Hillay Swank and Shah Rukh Khan are endorsing some property developments (While SRK owns an address in Palm Jumeriah as well). More than 2000 celebrities from all over the world flocked to Dubai for a grand opening ceremony of Hotel Atlantis, where Kylie Minogue and Michael Jackson performed.

With so many celebrities, VIPs and super starts showing up at Dubai, Dubai will soon become an ideal spot for investors, businessmen and tourists alike (oh and paparazzo’s as well).

Author Resource:-> William King is the director of Pakistan Real Estate & Pakistan Property Portal, UAE Dubai Property & Dubai Real Estate Properties Portal and Dubai Property Rentals & Dubai Rents He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

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