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UAE real estate sees 'early signs of confidence' in Q2
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 20 April 2009
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Results 1 to 13 of 13
Posted on Wednesday, 22 April 2009
brokers un necessary breaking price...............
Posted by MANO at 18:09 UAE time
biggest impact on property is roumers from brokers for their own interest and commission should control on broker who are offering crazy prices without asking sellers and as its not their own stock and they are not from uae or from asia they just care for their profit,,,,,
please try to control them
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Posted on Tuesday, 21 April 2009
This from UBS Bank
Posted by Dan at 02:21 UAE time
Dubai house prices could fall as much as 70 per cent from a fourth-quarter peak as investors are unlikely to consider re-entering the market, which faces significant oversupply by next year, UBS said on Tuesday.
“In our view we are still in relatively early stages of the property down cycle in the UAE,” the bank said in a research note.
“We believe risk-reward profiles are not yet compelling for investors to consider market re-entry hence continued price declines are expected.”
UBS said Dubai’s population was likely to fall 10 per cent in the coming two years as a result of job cuts, with residential vacancy rates reaching as much as 30 per cent by the end of 2010 due to an oversupply.
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green shoots
Posted by paul at 12:30 UAE time
Up until it crashed these same 'researchers' were busy telling us prices would definitely not crash. Now they busy themselves telling us that prices will stop falling soon.
The UAE followed the US and UK into this global crash, and it will follow them out. There will be no recovery in this country's market until well after the UK and US come out of this. At the moment the US and UK are still falling, so there is no prospect whatsoever of a swift recovery here. All the local talk about the UAE being the first to recover is just wishful thinking from the same people who told us it would not crash in the first place.
UK house prices are down about 25% over 18 months, the UAE has fallen around 50% in 6 months. That does not indicate that things are better here, it indicates that things are significantly worse.
Anyone expecting a quick recovery is deluding themselves. What will they do when it does not arrive as promised? It is a dangerous game to play, making promises that you cannot keep.
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Day Dreaming
Posted by Zia at 10:08 UAE time
Looks like real estate companies have now started Day Dreaming. Guys wake to the reality that market is in a free fall. Jobs are cutting and yesterday only one of the companies in Dubai terminated 40 people and will cease all operations by end of April.
So wake up all real estate guys......
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DON'T BUY or DO BUY?
Posted by gamby at 09:39 UAE time
with the real estate as the greatly affected by the global crisis. they won't stop making ridiculous predictions just to push the confidence in the RE market...but sorry they can't fool the investors anymore they need miracle to at least push the market a BIT from its spiralling downward trend. on the other hand most of the basic needs are hiking up the prices, check your grocery bills... this is a sign of the business trying to get back in business after losing a lot. I said, hold on to your cash (watch your spending, a worst is yet to come before the end of Q2), spend less and if not necessary change attitude from DO BUY to DON'T BUY. Boycott unreasonable price increase!
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Posted on Monday, 20 April 2009
Wrong hope
Posted by Juergen at 02:45 UAE time
Landmark is preaching not analysing. The Dubai real estate market is still in a free fall and has not seen an impact yet due the fact of long term contracts in leases and huge delays in hand-overs of new properties. They try to stabilize the market to loose less through this delays but all what happens is that all investors and developers are running out of cash. A final analysis and prediction is only possible after Q3 or Q4 and I think we go much, much lower. 200-400Dhs per Sqft are possible as selling prices...
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THIS IS AN EXCELLENT LINK THAT PARALLELLS WITH THE DUBAI PROPERTY MARKET
Posted by Simon at 17:30 UAE time
Click on this link to U-Tube and listen to this expert on the property market and what he predicted back in 2006.
It resembles exactly what has happened in Dubai in the last 6mths...he could actually be talking about Dubai.
The fact that he predicted the property situation in the USA 2yrs before it actually happened makes his speech incredibly credible.
http://www.youtube.com/watch?v=MoSwkCog-Ro&feature=related
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Landmark's Credibility
Posted by Research at 16:03 UAE time
Seeing as Landmark's predictions are usually darker and more realistic than the rest, I'd say they are more credible.
If they wanted to give false hope, they would have been doing it with everyone else long before now.
At some point, things will get better here, and everyone taking negative cheap shots will eventually be wrong.
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Brave claims based on sinking sand
Posted by Geriant at 14:26 UAE time
Yet again Landmark is pushing up daisies. They offer no actual facts, no anecdotal evidence and absolutely no credibility, yet they manage to take themselves seriously enough to flood the market once more with tosh. No qualitative research is being done about UAE property trends, and it is left to amateurs who sell property for a living to ramp the prices. But, since nobody is buying, it also means nobody is selling, and defaults are the only true transactions.
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selling false hopes
Posted by kir at 13:36 UAE time
everyday a new advisory comes up with some article about early signs of recover most of these are either by the real estate companies themselves or agencies paid by such companies.
atleast now stop deceiving people with false reports.
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End users as Buyers
Posted by K S Kumar at 13:19 UAE time
I really dont understand from where they are getting such information that end users are replacing the investors. Because if you take locals as an example definitely they cant be end users as after buying they will look for tenants to get their ROI.
And if it is End users, then they are expats. During this trend of recession, salary cuts and as a extreme stage of losing jobs, where people are going to go for rentals as stated in the article?
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UAE Real Estate
Posted by Madjedi at 13:09 UAE time
With the amended RERA law, no one in his good sense will buy an off-plan property in Dubai as he will be now lawfully exposed to abuse by developers.
The fact that the amendment is retroactif adds insulte to injury.
RERA is inflicting a fatal blow to the property market in Dubai
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Wait for June Folks...
Posted by Kaptain at 12:58 UAE time
Let June come in and unwind the underlying reality which is being assumed a myth.
Villa or apartments, the rent / price percentage should fall more than to 60%.
This isn't industrial estate where rents can be higher.
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