Hashim Al Dabal the CEO of Dubai Properties - a member of Dubai holding has said that his companyi is going to lunch several projects for renting in the following two years.

He said that the company is going to increase its investment up to 70 billion dirhams by building huge projects and that its going to lunch 40 to 45 thousand apartments for renting to rebalance the situation and to decrease the increase of the rents.

Al Dabal explain that Dubai Properties is responsible in playing a reasonable role and to balance the demand and the supply. He also assured that the contsruction sector is still attractive in Dubai and the other emirates.

He said that the rents will be cheaper than the sector's prices.

Al Dabal said also that Dubai Properties is going to participate in a development company in Abu Dhabi.


تخطط لزيادة استثماراتها العقارية إلى 70 مليار درهم
"دبي للعقارات" تعيد التوازن للإيجارات بطرح 40 - 45 ألف شقة خلال عامين


دبي - ايهاب حياصات:

كشف هاشم الدبل الرئيس التنفيذي لشركة “دبي للعقارات” احدى شركات “دبي القابضة” عن خطط لطرح مشاريع عقارية في مناطق مختلفة في دبي لأغراض التأجير خلال العامين المقبلين.

وقال ل “الخليج” ان الشركة والتي تسعى الى زيادة محفظة استثماراتها الى 70 مليار درهم عبر مشاريع ضخمة جديدة، تخطط لإطلاق 40 - 45 الف وحدة سكنية بهدف السيطرة على ارتفاعات الايجارات وإعادة التوازن الى السوق.

وأوضح الدبل ان شركة “دبي للعقارات” ملتزمة بلعب دور حيوي في ضبط وتحسين آلية العرض والطلب، مؤكداً ان القطاع العقاري في دبي وباقي الامارات مازال جاذباً للاستثمارات ويتيح فرص نمو جيدة خلال السنوات المقبلة.

وألمح الدبل الى ان ايجارات المشاريع الجديدة والتي ستوفر دخلاً وسيولة مستمرين للشركة، ستكون أقل من الأسعار السائدة حالياً.

ولفت الى مشاركة “دبي للعقارات” بتأسيس شركة عقارية للعمل في امارة أبوظبي حيث تبحث اطلاق مشاريع عقارية هناك.

http://www.alkhaleej.ae/eco/show_article.cfm?val=191635

40 - 45,000 units in 2 years , Hmmmmmm.

I am positively sure they will be Quality apartments ! NOT

40 - 45,000 units in 2 years , Hmmmmmm.

I am positively sure they will be Quality apartments ! NOT
JBR 2?

This kind of sudden unfolding of huge amounts of rental property is going to flood the market. There is already some overinflation of the housing market in Dubai. I think that DP/DH is jumping the gun on this one. They just want to make a grandios announcement so they get another 30 seconds in the limelight.

On the other hand, this gives a glimmer of home that there will soon be an emerging "affordable" housing boom instead of developers building hulking, overly expensive uber-projects.

He meant that those will not have a great quality and that is what dubai needs nowadays. Beside those will be for rent and not sale as the others.

Well if it's affordable housing then all well and good.

If Dubai Properties' JBR is supposed to be luxury I wonder what these projects will look like :runaway:

how many apartments are there in JBR? anyway, this new dubai properties thing sounds massive im guessing it would either go up around jebel ali close to the new airport or near international city? those are the only places i can think of that dont have land allocated out for something else

abt 3800 i think.

sounds like cheap living... i don't like that honestly.

Only 3800? I thought there'd be around 10,000 at least.

are you sure its only 3800 flow? this DP place is going to be HUGE then :runaway:
if they can space it out and put a lot of greenery around like in the gardens it should be ok.

doing a rough calculation of 5 aparments on each floor of every jbr tower of 40 stories each, i'm getting closer to 8000 apartments, still nothing compared to this one

i though we had a press release that a contractor won an award for ????? on 4000 apts in JBR or sth. not sure though.
not every JBR tower has 40F , average should be 35 maybe.check the thread post 1.
D-L might now it. but i am sure there is not real exact figure so far.
maybe they handle it they same way they handly the height-thing. people would be scared if they know the will live 100m above ground, maybe its DP opinion they will be scared as well if they know they live among 5000 other apts ;)

that's what i call big numbers

it's doesn't necessarily have to be one single project
could be more, but they are about to be the same size as jbr, maybe even bigger

it can only be high-rise or mid-rise buildings

i think they still have something in mind which will attract even more people
the first thing will be dubailand
once fully operational about 300.000 people will work there! work is always in high-demand and there will be even more people coming from india or the asia-arabic region to find a job in dubai, because millions will be created

as for the luxury and expensive apartment towers and villas it's more difficult
as long as huge companies continue to come here and bring qualified staff with them or bring new qualified staff to the region/city it will work
to make this come true dubai has to diversify it's economy
there is the gold & diamond park, the dmcc, difc, silicon oasis, media city, internet city, maritime city, business bay, healthcare city, festival city,...
all these projects are specially made for business or have a business district

big companies means money and these companies usually pay higher salaries, which means more people can afford such apartments

anyway, the prices for residential spaces will go down, it must be! but i don't see a full crash of the market

one thing i don't understand is why these towers and villas are built before the business districts are built

on the other side, do you think the people who make all the decisions want to fool everybody or want to have a ghost town in the end
do you think all the investors are wrong?

and there is demand for residential space, even the expensive ones, but 99% of the projects are still under c
and the end-user usually wants to see what he's buying while investors don't

think about it, you as a normal person, who can afford one nice, luxury apartment or villa, would you buy it from the developer during construction or before construction started? most of the people don't!

they want to see the finished product! just as i want to see it first!

Well half a million iranians invested as much as 750 billion derhams into Dubai and its going to reach 1.1 trillion derhams in 2007 , so i`m sure Dubai is taking atleast 50% of them into consideration if they ever decide they want to move here

at least that means they're fed up with their county somehow?

maybe many, especially richer iranians, plan to move here

there are a lot of iranians and pakistani with hell of a lot of money around... no wonder.