Dubai property news

Dubai Rents Hold Steady

Commercial and residential rents are stabilizing in Dubai, with average rates for both apartments and offices unchanged in October.

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JLT area is a free zone, says DMCCA

The Dubai Multi Commodities Centre Authority released a statement which clarified Jumeirah Lake Towers as a free zone.

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First increase

Dubai house prices rose 7 percent in the third quarter, marking the first increase since prices plummeted from their peak.

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Property portal study

Freehold areas of Dubai Marina and Jumeirah Lake Towers drew keen buyer interest in the third quarter.

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Bottom was in April

Dubai real estate prices bottomed out in April and have risen 9 percent since.

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Market witnesses resurgence in demand

International developers operating in the UAE believe that the market has bottomed out.

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Demand for office space

A ten-fold increase in demand for office space has been seen in Dubai over the past six months.

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Institutional funds and investors

UAE developers need to start planning to attract institutional funds and investors into their projects.

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The further falling

Property prices in Dubai will fall by as much as a further 30 percent in 2010.

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