UAE Real Estate Articles - www.providentestate.com

Property industry positive about real estate recovery despite Dubai World debts

Thu, 01 Jan 1970 04:00:00 GST

Date: 2009-12-09
The outlook for the real estate market in Dubai is becoming more positive despite the debt problems facing Dubai World and its developer subsidiary Nakheel, it is claimed. Other developers are pointing out that they do not have the same debt problems and they are looking ahead expect the economy to recover from the downturn by 2012 which...

Real estate court creating strategic partnerships

Thu, 01 Jan 1970 04:00:00 GST

Date: 2009-11-12
The separate court set up for construction and real estate disputes last year is doing well, according to a senior official with Dubai Courts. "At the beginning of 2008, there was an indication that this is the leading sector within our economy. But a strategic decision was taken long ago that we should have a separate body within the j...

Dubai Undeterred By Financial Crisis, Says Ruler

Thu, 01 Jan 1970 04:00:00 GST

Date: 2009-10-10
DUBAI, Nov 10 (Bernama) -- Dubai's ambitions of implementing its development plans will not be deterred by the global economic and financial crisis, said its ruler Sheikh Mohammed bin Rashid Al-Maktoum. In a speech to investors on Monday, he reckoned that the emirate had passed the worst of the economic slowdown. "As the global econo...

History Of Freehold Property in UAE

Thu, 01 Jan 1970 04:00:00 GST

Date: 2009-10-10
History of Freehold Property in the Emirates Non-GCC expats living in the United Arab Emirates (UAE) were previously only permitted to rent property, or own property on the federal law approved 99-year leasehold basis. This all changed in 2002, when the Dubai government permitted the ownership of freehold property to expats, which has ch...

Dubai house prices up 7% in Q3 - Colliers

Thu, 01 Jan 1970 04:00:00 GST

Date: 2009-10-08
Dubai real estate prices rose 7 percent in the third quarter from the previous quarter on increased availability of mortgage financing and a perceived increase in job security among expat workers, Colliers said on Tuesday. The volume of transactions grew by 64 percent in the same period, according to the real estate consultancy’s Dubai...

A Dubai Developer Disappears

Thu, 01 Jan 1970 04:00:00 GST

Date: 2009-10-05
The international real estate firms Cirrus Developments and Kaizen Developments, responsible for hundreds of millions of dollars worth of developments in Dubai and across the region, have disappeared without trace. All websites for the companies behind high profile planned projects, such as Cirrus’ Aquarius Gate in the Waterfront area, a...

Commissions for Credit Note Sales

Thu, 01 Jan 1970 04:00:00 GST

Date: 2009-09-30
Buyers can take advantage of getting 20 to 25 per cent or more discount when buying credit notes to purchase new property directly from Emaar. (EB FILE) By: Anjana Kumar on Monday, September 28, 2009 Emaar Properties has incorporated a new clause in its local agent agreement, offering a commission for any sale transacted using its credi...

Credit Notes

Thu, 01 Jan 1970 04:00:00 GST

Date: 2009-09-26
Quick definition of credit notes: Many buyers can't or do not want to pay their next instalment and want to get out of their property investments altogether. Meanwhile, opportunistic investors and people who bought at the peak are interested in buying these "deposits" - which is basically just cash tied up with the developer - at ...

Middle East Real Estate will outperfom all other regions

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-12-07
Real estate markets of the Middle East will outperform all other regions - Source: Jones Lang LaSalle, November 2008 The real estate markets of the Middle East will outperform all other regions, according to findings from the Investor Sentiment Survey, an in-depth study of real estate professionals market views cond...

The Listing Agent - Preliminary Marketing of Your Home

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-10-20
The "Real" Role of a Listing Agent When you bought your home, you probably used the services of a real estate agent. You found that agent through a referral from a friend or family member, or through some sort of advertising or marketing. The agent helped you in many ways and eventually you found the house of your dreams, made ...

The Evolving Property Laws In Dubai

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-10-20
The recognition of the need to diversify its economy and attract foreign investment led the governments Dubai to introduce a legal framework for property ownership in 2005 and 2006 respectively. For foreign investors and developers, these laws created greater confidence in their legal ownership rights in a market that is experiencing unpr...

About Dubai Lands Department

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-10-20
The Dubai Land Department was established on January 24, 1960 / 26 Rajab 1379H.On that blessed day, His Highness Sheikh Rashid bin Saeed Al Maktoum, the late Ruler of Dubai, signed a decree, stating: "We have decided to establish a committee to oversee affairs related to land and private properties in the emirate, in order to register thes...

Listing Commissions and Related Issues

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-10-20
How and When Listing Commissions are Earned Your listing contract specifies a listing price. Your agent’s job is to bring a "ready, willing and able" buyer to present an offer. If you reach agreement with the buyer, then the agent has done his job and earned the commission. Once the sale has closed, the real estate brok...

Tips for First Time Home Buyers

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-10-20
Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgage loans. For a first time home buyer, there are many factors to consider before you buy. The more information you can gather before you st...

The Dubai Booming Market

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-09-11
The Dubai real estate market just doesn’t cease to shine bright with better prospects of growth. Although, the market is not that old, in recent few years people have actually started noticing the potential of the property market in Dubai. Be it a commercial, residential or free hold property, Dubai property market has a lot to offer fo...

Who is RERA

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-09-04
RERA, Real Estate Regulatory Authority, part of the Dubai Land Department is a nodal agency that formulates, regulates, manages and licenses various real estates related activities in Dubai. RERA was established in July 2007 by a decree of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of...

Best Practice tips for Sellers : in Dubai - UAE

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-09-04
OBTAIN 3 APPRASIALS (CMA’S) AND COMPARE AGENTS, interview them as they will be doing a job for you. List with a reputable, RERA registered Broker ONLY. Form a formal service agreement – FORM A – Appointing the Agent/Broker (the Listing Agent) only on the RERA prescribed form. Do not list wit...

Purchasing property in Dubai

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-09-04
The need for a lawyer for my overseas purchase Whether buying property in Dublin or Dubai City, you should take the same caution and treat the purchase the same. In other words, if you were buying a property in Ireland you would ensure that you had independent legal representation, so there is no reason why your overseas purchase shoul...

Dubai A Place For Investments

Thu, 01 Jan 1970 04:00:00 GST

Date: 2008-08-12
Dubai is the quintessential home of sand, sun, skyscrapers and shopping. A century ago, it was a peaceful town whose coral-and-gypsum huts housed Bedouin traders and pearl divers. Today the merchants have gone international and science-fiction skyscrapers stand alongside the mosques and wind towers of Old Dubai. Dubai has always been well-known fo...

Test

Thu, 01 Jan 1970 04:00:00 GST

Date: 2006-05-03
Test...