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In today’s financial climate even Dubai’s biggest developers are beginning to feel the effects of the dip in the property market. Whilst Dubai has previously been thought immune to the problems being experienced elsewhere around the world, the slowdown has now reached these shores. And now as a result we are seeing Dubai property developers react to the new situation, even Dubai real estate`s biggest developers Emaar and Nakheel. Rather than pretend the situation is not happening, both are now taking action, but rather than cancel projects completely, they have instead chosen a path of slowing down the rate of development and construction on projects. This scaling back of work should allow companies like Nakheel the opportunity to complete development on…

Costing around AED 235 billion, Dubailand will be the most ambitious tourism and leisure destination ever attempted. Covering over 3 million square feet, we are talking of a development on a scale never previously attempted. With seven themed areas, broken down into another 45 megaprojects, it will offer something for all the family. Expecting to draw some 15 million people a year to Dubai, the project is certainly going to do a lot for Dubai tourism. In fact there will be over 55 hotels based in the area! However it is not just tourism that is set to benefit from Dubailand, as there will be a huge array of property also for sale in the area, with Dubailand expected to have a population somewhere in the region of 2.5 million people once all areas have been…

Despite the current slow down in the Dubai real estate market, some developments are still maintaining a very healthy level of interest from buyers and investors. Whilst the attraction to invest in some development may not be what it once was, for the likes of the Dubai Pearl things are relatively unaffected. The development has once again been in the news with the announcement of the award of a $2.4 billion contract to construction firm Al Habtoor-Leighton. The 3 and a half year contact is reportedly the largest single contact issued in the Middle East and possibly the world, and work for the development should commence around January time. So even now, Dubai still continues its assault on taking over the world of real estate in the Middle East and…

With reports of some freehold property developments construction in Dubai being delayed and placed on hold for the time being, buyers will no doubt be delighted to hear that construction at Mizin’s Remraam development is progressing as originally planned. What makes the news all the more important is that at 24 million square feet, the project is one of the largest construction sites in Dubai, with some 15,000 workers currently employed on the site. With 1 million cubic meters of cement alone needed just for the foundations, you can begin to understand the scale of the project. Construction on the project will be done in four stages, with final completion somewhere around 2010. So far the project has proven very popular, with over 8,000 units already sold…

Dubai developers such as Emaar and Nakheel will see competition in the market become that extra bit competitive if Al Qudra Holdings has their way. The Abu Dhabi based company could soon be making their way over into the Dubai market, in a move that would be sure to liven things up. The company has seen astonishing growth since its inception in 2005, and has grown into a multi billion dollar company, with business interests in a number of differing fields across the globe. With projects across the Middle East and even a venture into Europe, the company is now looking closer to home with a move into the Dubai freehold real estate market. With previous property ventures meeting a great response, the company may be able to add something to what is already a…

The Dubai real estate market maybe going through a rough patch so here`s a small update and a slice of market news, though according to many what is only a temporary rough patch, but this is not stopping Dubai developer Nakheel from looking to the future and already planning even more audacious developments for Dubai!  The Burj Dubai, built by Dubai developer Emaar may not even be finished yet but it is already the world’s tallest building. For many cities, enjoying such a prestigious building would be enough, but Nakheel are already underway with plans for something even bigger! Given the Burj Dubai is report going to be around 700-800 meters tall  that is certainly some ambitious plan! But then Nakheel have been the driving force behind many of Dubai’s…

With the financial problems being experienced in the west now slowly filtering through to other economies around the world, Dubai can join the likes of China and other large Asian countries in seeing its economy slowly take a turn for the worse as we bring you an update here. This therefore puts Dubai real estate in a very unfamiliar situation, with this perhaps the first time here that property prices are not on the up. And with this being a first, no one is really sure as to how long things may last, and what happens next. After all real estate prices can be complicated enough, without the current external factors also added on top. However what we do know is that the current property prices decline presents buyers with a great opportunity to pick up a…

With the continued speculation around the direction of the Dubai freehold property market showing no real signs of abating, the Dubai government has promised to step in if required to secure the stability of the property sector within the Emirate. For a long time now there has been increasing media interest in the Dubai real estate market and its future direction. Prices here have been rising steadily the past few years, and 2008 has proven no different. Both Dubai apartment and villa prices have reached record levels as the unprecedented success of the Dubai real estate market continued. However these record prices were strongly rumored to be based around speculation from many buyers, and this coupled with the world economic turndown had lead many to…