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Saturday, 07 November 2009 13:37 UAE time

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New committee to rule on real estate sector dud cheques

New committee to rule on real estate sector dud cheques

Real Estate
Dubai ruler issues decree in bid to settle disputes over bounced cheques in property sector.

  1. Dud cheque reports on the decrease - Dubai police

Dubai house prices fall 4% in past six months
Real Estate
Deutsche Bank report says rate of price decline slowing, concerns over supply.

No price uplift seen on homes near metro - Landmark
Real Estate
Real estate company does not see any substantive rises for at least six months.

Abu Dhabi rents decline slows in Q3
Real Estate
UPDATE 1: Rents in many areas of UAE capital unchanged in third quarter - CB Richard Ellis.


more »MIDDLE EAST REAL ESTATE COMMENT

Time for agents to pay up
Anil Bhoyrul argues that estate agents must take the blame for the impending evictions on Discovery Gardens.

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Cityscape 2009 - a reality check
After the A-list celebs of last year, Dubai's property show is set to be a low key affair, says Damian Reilly.

Damian Reilly

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more » BUSINESS FEATURES

A sober affair

This year’s Cityscape Dubai had a very different feel to it from 2008’s blistering assault on the senses.


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UPCOMING EVENTS

  1. Advanced Leadership & Management Skills
    1 November 2009 | Dubai, United Arab Emirates
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    1 November 2009 | Dubai, United Arab Emirates
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    1 November 2009 | Dubai, United Arab Emirates
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SPOT POLL

What do you think about the offer of free legal advice to people caught in Dubai property disputes?

Amid the real estate gloom, this is the best news for months and will improve transparency.
This is a good move and should redress the imbalance between investor and developer.
By offering a free service, it will just encourage people to abuse the complaints system.
It's too little, too late and I doubt many people will actually qualify for the free advice.
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READER COMMENTS

Reader Comments (24 hrs)

  1. New committee to rule on real estate sector dud cheques 1
    07 Nov ' 09 at 09:08
    Bounced Cheques is one side of the problem facing the real estate sector, as it maybe related to a real insufficient funds situation...   More  »
  2. Dubai house prices fall 4% in past six months 1
    07 Nov ' 09 at 09:21
    These all reports addressing the prices of real estate assets in Dubai are useless. The issue today is no knows what is going on......   More  »
  3. Building blocks 1
    07 Nov ' 09 at 09:25
    The only thing I would say to Abu Dhabi: don't repeat the same thing Dubai has done: building real estate based economy that will...   More  »

Read all user comments >

Gitex 2009

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