Property transactions up 20 percent in 2011, RERA

Posted by: Paolo c Sunday, 19 February 2012 5:10 PM[UAE] - Italy

I don't believe anything they are saying. All figures are distorted since the beginning.

Posted by: Williams Sunday, 19 February 2012 1:56 PM[UAE] - Ireland

Dubai lagoon / Schon project . please lookinto this urgently 1000 of investors are suffering




Williams

Posted by: KANEEZ FATIMA NASIR MUKRI Sunday, 19 February 2012 8:20 AM[UAE] - dubai

Please help I own a property with chapal now known as best emirates. I have paid nearly 2 lac & 11 thousand for my property which was supposed to be given by 2009 now its 2012 yet there is now sign of my property.


Kindly reply back to business_agency@hotmail.com you can also contact me on 0506599271

Thanks & regards

MRS FATIMA NASIR

Posted by: KANEEZ FATIMA NASIR MUKRI Sunday, 19 February 2012 1:57 PM[UAE] - DUBAI

Dear Sir,

Since the property in sports city known by the name of destiny tower 2 which is not being constructed it was in the name of chapal now known as best emirates.please let me know how I can get back the entire money which I paid to the builder.

The same problem is with AJMAN emirates city property in the name of sahara developers my flat booked in sahara towers is not being constructed & the money is paid to the developers it is also delayed for 3 yrs & now not being constructed. I need to take back the entire amount which I paid to them. Please let me know how can I deal with this matter to refund the money without any hassles.

Thanks & regards

FATIMA

The property is already delayed by 3 yrs & yet no sign of further constructions. Please let me know the procedure as how can I get back the paid amt.

Thanks & regards

FATIMA

Posted by: KANEEZ FATIMA NASIR MUKRI Sunday, 19 February 2012 8:20 AM[UAE] - DUBAI

Dear Sir,

I have a property in ajman in emirates city for which I have paid the amount of 1 lac 7000. Till now there is nothing on the plot.

the property is SAHARA TOWERS IN EMIRATES CITY.

I need the money back but cannot get through.

Please help me how I can get back the money. What is the procedure.

The person in charge is telling me to buy property which is more then the market value. I just need my cash back so please help.

Thanks & regards

FATIMA

Posted by: Red Snappa Saturday, 18 February 2012 7:03 PM[UAE] - Ireland

Having taken a 2nd look at the content of the article, some points worthy of note are:

1) Out of US$ 143 billion's worth of RERA recorded transactions in 2011, US$ 94 billion were for land sales. Does that not imply an intention to build yet more, a lot more, to add to the oversupply.

2) 62 almost complete projects that will enter the market in 2012 and another 44 that have a good chance of entering the market in 2012. That by implication represents quite a lot of property adding to the oversupply.

3) If official figures say 10,700 units delivered in 2011 and another 15 to 16,000, then that means that we need triple the number of new investors in 2012 (6,400 x 3), to soak up the brand new inventory items, never mind what's already out there?

Posted by: Telcoguy Sunday, 19 February 2012 10:58 AM[UAE] - UAE

1) Yes I also noticed this and I do not know what to make of it. I suspect they are part of some internal transactions because I doubt there is appetite for such level of construction.
2) agreed
3) this is an easy one. The 100,000 new arrivals to Dubai are all investors. Ask Birdie.

I have long ago stopped using any number published as they usually come with too many issues. Luckily I no longer need to make forecasts four the GCC countries.