Dubai property market region's most transparent - study

Posted by: Olivia Davies Sunday, 8 July 2012 12:31 PM[UAE] - UK

I've found this to be a really interesting article. With the Dubai property market now recovering, I will definitely be considering investing.

Posted by: Red Snappa Thursday, 28 June 2012 7:29 PM[UAE] - Ireland

I would say that this report only undermines the credibility of the authors, claiming transparency calls into question the opinions and honesty of every wronged investor who has added his or her despairing voice to the prolifia of property articles published on AB. The volume of noise made on the subject of no property, no refund no hope is simple deafening.

In return one could also call into question the quality of the observational skills of the analysts who were prepared to put their names to such a preposterous claim, time to pursue an alternative career path methinks. It would be far more revealing to produce a study of the true number of buyers that have been cheated and how much money cash they have been deprived of potentially pending through the courts, which would transmit a more valid impression of transparency.

Posted by: Dunhill Thursday, 28 June 2012 3:40 PM[UAE] - UAE

To all those complained about Dubai & transparency: if you are unhappy and courageous enough, just leave Dubai to your own country! You keep enjoying the luxury live in Dubai that missing in your own homeland but complaining. Keep quite, smiling or leave!

Posted by: Bugle Sunday, 1 July 2012 12:08 PM[UAE] - UK

Thanks for the advice. I expect that you will pay off our mortgages on non existent properties?

Posted by: small sister Friday, 29 June 2012 7:58 PM[UAE] - uae

@Dunhill This is an Islamic country and whether you like it or not justice will come at the end and people either locals or expats have their rights to speak out what they think, so instead of swimming opposite of the wave, try to swim along with it, this will get you to the coast... this was a small advice from a litter sister...

Posted by: Lionheart Friday, 29 June 2012 11:59 AM[UAE] - USA

@downhill, the Dubai I want is about honesty, responsibility, creativity,hard work and ethics. The majority of Emirates dont want to be associated with what is going in the property market and the negative image UAE got out of it. I praise Mr Habtoor for his courageous public stand on this topic. Those i Nakheel, Dubai Properties, Taziz, Idama and other companies showing little or no ethics do not represent the Emirati culture or the Arab nation. This country needs better people in order to build a sustainable economy for future generations. Today the information travels faster and remains available via internet. Don't hide your head in the sand and wake up.

Posted by: GoldLeaf Friday, 29 June 2012 10:43 AM[UAE] - Canda

To DunHill

Its really very amusing to see Dunhill's comments. This person has a western alias (why!), must be using 90% of stuff including cars, phones, electronics, drinks which originate from west.
If you are so patriot then why don't you use everything made in the UAE.
Don't close your mind, try to learn good things whether from east or west. One can not always be the fault-free. Closing your eyes from your own shortcomings will not get you anywhere.

Posted by: john Friday, 29 June 2012 12:41 AM[UAE] - uae

Dear Dunhill,
If you want to keep telling expats to leave if they are complaining then you will end up with nobody in Dubai. Who will then be able to run your banks and companies and bring qualified people who without them nothing would have been built.
Can't we complain about transparency? Why not? We have lost millions in the real estate just because the developers failed to deliver and took our money and no one can ask them why.
Put up transparent rules so you can get back investments to your country and leave people express themselves freely.

Posted by: Fed up of Dubai Thursday, 28 June 2012 2:36 PM[UAE] - Dubai

People have lost hundreds of thousands of dirhams due to delays. I have no unit to shown for my money, no developers are EVER penalised, no regulatory authority wants to hear about it, or ever responds, no court will hear the case unless I spend more money I dont have for an expensive and lengthy fight and the developers walk away.

The proposed law does little for thousands who are suffering as it is unlikely to be retrospective. I will not be entitled to get a full refund despite my project already being 3 yrs past my contracted handover date, I would settle for compensation of sorts on the delays but the authorities dont care and wont regulate the developers. I believe the new law will do little to improve transparency, penalising developers for CURRENT delays in the only thing that will increase transparency to an acceptable level.

Posted by: Khan Thursday, 28 June 2012 12:30 PM[UAE] - UAE

Can we have the basis and source of database for this report on which this report published.

RAV