More distressed assets in Dubai now than downturn - Tasweek

Posted by: desert dream Thursday, 8 November 2012 9:33 AM[UAE] - UAE

only 2 words..Fiscal Cliff..another crisis is in the pipeline..not the best moment to speculate on real estate in dubai

Posted by: Werner Wednesday, 7 November 2012 5:22 PM[UAE] - UAE

I dare anyone to have a look at the land transactions per month as listed on the DLD (Dubai Land Department Website). Put it on excel, draw a graph and add a trend line. And guess what - it's edging downward. For sure we just came out of summer, and it was Eid as well, but anybody talking about an increase or new boom should check these facts carefully

Posted by: Down to Earth Wednesday, 7 November 2012 12:33 PM[UAE] - Italy

let's assume there is regain of interest for the RE market in some areas. That remains limited to those areas. The second and main concern for investors. Has anything changed in the way developers behave?, or the fixing of service charges?, are the Homeowners associations able to challenge the developers?, do investors ahve an opportunity to take a developer who is in contract breach to court at an affordable cost and with a straight forward outcome that can be enforced by the law? is it easy to buy sell and manage properties in Dubai? what are the chances that an existing law may change in the coming year? can an owner stay in Dubai without hassle? what about utilities cost? are they reasonable, calculated fairly? can they be challenged in a reasonable way? I think that the answers to the above questions will have an impact on the buying decision for the majority of investors. I don't think that one bird (Swallow) doesn't make it the spring (old farmers saying)

Posted by: Special K Wednesday, 7 November 2012 9:16 AM[UAE] - UK

Distressed Fund, where he makes management & peformance fees on assets under management even if he hasn't deployed most of the capital as there are no opportunities!!! He saw it coming is the best part...what a character.

Posted by: Saudi Engineer Wednesday, 7 November 2012 9:15 AM[UAE] - Saudi Arabia

I wanted to say "finally, someone (in real estate) in Dubai with a little sense". But then I read the comments, and started laughing. A lot of the same people trying to hype up the property market, saying the this is the start of another boom, or that they are fully recovered...blah blah blah. I cannot disagree with the comments that the greens and some other establishments may still have high demand, but those are a few small fish in a huge ocean of rotten seafood. I can't imagine how with all the new developments - as well as the ones that have been cancelled or on hold - how were back to pre-crash levels. Dreamers will always dream of reaching another planet, and will probably die hungry, while the realists build a new metropolis in the next "cool place" and become rich....

Posted by: Ian Thursday, 8 November 2012 11:22 AM[UAE] - UK

Yes "the next cool place"can you name some? please tell us where to invest? Europe is an excellent place now. How about here in the GCC, where do you recommend? I bought 2 properties in Dubai one in 2009 and one in 2010. sold one in 2012 for a 200,000 dirhams profit. Please let me know where to invest next? What other cities in the GCC do you recommend?