Arab Today, arab today property markets in uae set for stability
Last Updated : GMT 17:19:21
Arab Today, arab today
Arab Today, arab today

Speculation in off-plan projects in 2015

Property markets in UAE set for stability

Arab Today, arab today

Arab Today, arab today Property markets in UAE set for stability

Reem Island was the most searched-for property location in Abu Dhabi
Dubai - Arab Today

The property markets in Dubai and Abu Dhabi are expected to be stable this year although there are some fears that speculation in off-plan projects could lead to "excessive price growth” in Dubai.
The findings are part of property website Bayut.com's annual UAE market report for 2014, which shows a renewed confidence in the property sector in the two largest emirates.
"Construction activity is picking up pace again thanks to the revival in real-estate developments and infrastructure projects,” said Bayut.com chief executive Haider Ali Khan.
"The recovery in real-estate prices, a bounce in bank financing for construction and the return of off-plan sales, in particular, have motivated developers to resume the projects that were on hold in both Abu Dhabi and Dubai.”
The report highlighted Dubai Marina as the most searched-for property area for sales and rental searches in that emirate, with Al Reem Island topping the search for both categories in Abu Dhabi.
The report noted that Dubai Government's introduction of new regulations have helped to stabilise growth and slow down further price increases. In addition, the Central Bank has imposed a 75 per cent mortgage cap for expatriates and an 80 per cent cap for Emiratis.
Despite this and an increase in transfer rates from 2 per cent to 4 per cent, Dubai continues to be a magnet for capital.
Expo 2020 is also giving investors more confidence in the country's hospitality sector, with a further boost in tourism expected as the event approaches.
"However, there are still concerns that returning speculation, including through off-plan sales, could make Dubai head towards excessive price growth and rapid overdevelopment,” Mr Khan said.
Foreign investment is also playing an important role, with half of real-estate transactions, which total Dh113 billion, made by overseas buyers last year.
Indians invested the most, at Dh10bn, followed by Britons, at Dh5bn, and Dh4.5bn from Pakistanis. GCC nationals combined made up Dh33bn of real-estate transactions.
Source: The National

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today property markets in uae set for stability Arab Today, arab today property markets in uae set for stability

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday