daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine

Go Back   SkyscraperCity > Continental Forums > United Arab Emirates - دار زايـــد

United Arab Emirates - دار زايـــد The exciting new world in Dubai , Abu Dhabi and other Emirates



Reply

 
Thread Tools
Old February 3rd, 2013, 11:46 AM   #31741
True Blue
Born Again
 
True Blue's Avatar
 
Join Date: Feb 2006
Posts: 6,933
Likes (Received): 133

"Although, the overall market is still seller-oriented"

That has always been the case in Dubai, prices are completely artificial and made up by the sellers who mainly just fly kites.

It is difficult to understand what the real values are and I get the feeling the Central Bank feels that prices are dictated by seller speculation and market hype. Hence the recent decision to circulate notice of a mortgage cap, a form of warning that the Banks could be left holding the baby again.

When investors see the market hotting up, they start listing their stock at unrealistic levels to see if anyone will bite. They are creating the bubble and once it bursts they are well placed to re enter the market and buy up the discounted or distressed units in the prime areas.

Sensible investors need to analyse the market, remove the effects of the peaks and troughs and determine a fair straight line growth factor. Once that has been established the investors will be able to determine if the property is over or under valued and whether it presents a buy or sell opportunity.
__________________
Always focus on where you are going and not where you have come from.

There are none so blind as those who won't see.
True Blue no está en línea   Reply With Quote

Sponsored Links
 
Old February 4th, 2013, 04:29 PM   #31742
Morteza.a
Registered User
 
Join Date: Feb 2013
Posts: 3
Likes (Received): 0

Regarding your interest in buying the unit in al saqran tower ,
I own a unit , which I would like to discuss selling it.
Morteza.a no está en línea   Reply With Quote
Old February 4th, 2013, 04:32 PM   #31743
Morteza.a
Registered User
 
Join Date: Feb 2013
Posts: 3
Likes (Received): 0

...

Last edited by Morteza.a; February 4th, 2013 at 04:45 PM.
Morteza.a no está en línea   Reply With Quote
Old February 4th, 2013, 04:39 PM   #31744
Morteza.a
Registered User
 
Join Date: Feb 2013
Posts: 3
Likes (Received): 0

...
Morteza.a no está en línea   Reply With Quote
Old February 5th, 2013, 08:16 AM   #31745
unknownpleasures
BANNED
 
unknownpleasures's Avatar
 
Join Date: Dec 2009
Posts: 405
Likes (Received): 202

My question about the market is who is this mob >>> http://onvizio.com/
unknownpleasures no está en línea   Reply With Quote
Old February 5th, 2013, 11:50 AM   #31746
Old Town Resident
Sunny Intervals.
 
Old Town Resident's Avatar
 
Join Date: Jun 2007
Location: Dubai
Posts: 2,683
Likes (Received): 205

Quote:
Originally Posted by baba toto View Post
SugarDubai: I'm confused. The DEC website mentions Indigo Central 3 Building:

http://www.dheerajeastcoast.com/gene...cationMap.aspx

Is it Indigo building per the DEC website, Sunrise building or furniture building per your reply??, and do you know their complete address?
The DEC, SZR office has had tumbleweed blowing through it for years.
Old Town Resident no está en línea   Reply With Quote
Old February 5th, 2013, 07:05 PM   #31747
unknownpleasures
BANNED
 
unknownpleasures's Avatar
 
Join Date: Dec 2009
Posts: 405
Likes (Received): 202

http://www.emirates247.com/news/rela...01-30-1.493112

Where are these projects they claim ....why don't they name them?

Quote:
In the base prospectus, released on January 17, Real Estate Regulatory Agency, the regulatory arm of Dubai Land Department (DLD) said 187 projects have been completed since the beginning of 2009; 253 projects are on hold; 232 projects are likely to be completed in due course......

No information was given on cancelled projects. But it was reported last year that 217 projects had been cancelled as of May 31, 2011.

A total of 154 projects had been reviewed under the Tayseer programme, launched in July 2010, of which 40 projects qualified under the required criteria.

These criteria require that projects have adequate infrastructure planned or in place; the escrow trust account is properly managed and financial reporting is full and timely; the technical report must show that a minimum of 60 per cent of construction is completed and that a minimum of 60 per cent of the project is sold.
unknownpleasures no está en línea   Reply With Quote
Old February 5th, 2013, 09:02 PM   #31748
Dubai_Steve
Dubai State of Mind
 
Dubai_Steve's Avatar
 
Join Date: Jan 2005
Posts: 8,394
Likes (Received): 70

Quote:
Originally Posted by True Blue View Post
December 2013??? Seriously doubt it will be close.
That was from a Dubai estate agents website.

Select Property UK are currently advertising this as Q1 2014, so by April 2014.

Dubai_Steve no está en línea   Reply With Quote
Old February 5th, 2013, 09:38 PM   #31749
Dubai_Steve
Dubai State of Mind
 
Dubai_Steve's Avatar
 
Join Date: Jan 2005
Posts: 8,394
Likes (Received): 70

Abu Dhabi rents shoot up as government workers relocate from Dubai

Quote:
Rents in Abu Dhabi's prime areas have risen by as much as 25 per cent over the past six months as the city experiences an influx of Abu Dhabi government workers living in Dubai.

According to the property agent Cluttons, average rents in some of the city's most exclusive areas have increased by 10 to 25 per cent during the past six months, following a decree last year that could result in government departments cutting housing allowances for employees living outside the emirate and as renters flock to newer schemes.
http://www.thenational.ae/thenationa...ate-from-dubai
Dubai_Steve no está en línea   Reply With Quote
Old February 6th, 2013, 03:46 AM   #31750
unknownpleasures
BANNED
 
unknownpleasures's Avatar
 
Join Date: Dec 2009
Posts: 405
Likes (Received): 202

http://www.arabianbusiness.com/uae-d...ml?tab=Article

Quote:
The real estate industry is concerned that the quick turnover of properties still under construction causes prices to escalate based on speculation, while buyers risk being defrauded.

“Real estate developers like flippers because they make money; if you ask the banks we like genuine buyers who use it for his own home, that’s what will really stabilise society, [when] everybody has a house,” Al Ghurair said.
About time the RE industry practiced what they preached! A flipper cannot sell something on their own now can they without the assistance of the people they first purchased from right? The nationals don't flip properties, they would have access far greater than anyone else, interesting comment made there on this article!
unknownpleasures no está en línea   Reply With Quote
Old February 6th, 2013, 05:06 AM   #31751
unknownpleasures
BANNED
 
unknownpleasures's Avatar
 
Join Date: Dec 2009
Posts: 405
Likes (Received): 202

http://www.emirates247.com/news/emir...02-06-1.493973

Quote:
Only one out of the nine properties that went under the hammer at the first private auction held by Dubai Land Department (DLD) was sold, people present at the auction told Emirates 24|7.

The only property sold was a residential apartment in Dorra Bay in Dubai Marina. It was purchased at the listed price of Dh1.6 million.

“There was only one bidder for the property,” a property agent, who wished not be named, said.

The land plots were on Palm Jumeirah and listed for Dh13.187 million each.

“Since it was a full house, we though all the properties would be sold out. But all were there to see if people would by at the listed price. Unfortunately, there were none,” the agent

Last week, Emirates 24|7 reported that the DLD will no longer be holding auctions for foreclosed properties, but will sell properties for developers and unit owners through private auctions.
unknownpleasures no está en línea   Reply With Quote
Old February 6th, 2013, 06:25 AM   #31752
unknownpleasures
BANNED
 
unknownpleasures's Avatar
 
Join Date: Dec 2009
Posts: 405
Likes (Received): 202

http://www.emirates247.com/high-end-...02-04-1.493769

Quote:
Globally, capital holds 23rd position, while Dubai is ranked 35th in ECA accommodation report
By

Parag Deulgaonkar

Published Monday, February 04, 2013

Abu Dhabi was the most expensive city in the Middle East to rent a high-end three-bedroom apartment last year, according to a new report.
unknownpleasures no está en línea   Reply With Quote
Old February 6th, 2013, 09:43 PM   #31753
unknownpleasures
BANNED
 
unknownpleasures's Avatar
 
Join Date: Dec 2009
Posts: 405
Likes (Received): 202

http://www.arabianbusiness.com/uae-b...sh-488524.html

Quote:
Emirati banks have formally asked the UAE Central Bank to cap mortgages at 75 percent of property value for expats and at 80 percent for UAE nationals.
unknownpleasures no está en línea   Reply With Quote
Old February 8th, 2013, 02:11 PM   #31754
sidxb
Registered User
 
Join Date: Sep 2008
Posts: 310
Likes (Received): 0

Quote:
Originally Posted by Dubai_Steve View Post

I believe its a wrong precedent set by the capital and it exists for sometime. A friend of mine was informed by his AD based govt related company in 2008 that if he wants to receive the allowance then he should rent a place in AD. So the rule exists for few years but its made official now and enforced through govt residency offices.

However , since the precedent is now set , I wonder what would happen if similar announcement is made by Dubai ? With the influx of people from Sharjah , the rents would become unbearable. Needless to say that when the differences are huge than people always find workarounds for the regulations. I know people who have rented place in Abu dhabi for visa renewal purpose , sub-let the place and living in Dubai.
sidxb no está en línea   Reply With Quote
Old February 8th, 2013, 06:17 PM   #31755
unknownpleasures
BANNED
 
unknownpleasures's Avatar
 
Join Date: Dec 2009
Posts: 405
Likes (Received): 202

Quote:
Debt-ridden developer Nakheel is “evaluating finance options” in a bid to raise nearly US$900m needed to fund its latest Palm Jumeirah retail developments, a spokesperson told the Bloomberg news wire on Sunday.
Quote:
The new development - part of Nakheel's retail expansion strategy - was endorsed by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum last weekend.

The indebted developer said Nakheel Mall is already drawing interest from global and local retailers.

Construction will start this year and is expected to take about three years to complete.


Look out the red lights are flashing!!



http://www.arabianbusiness.com/nakhe...l--488720.html

http://www.arabianbusiness.com/dubai...ts-488190.html
unknownpleasures no está en línea   Reply With Quote
Old February 9th, 2013, 03:16 PM   #31756
skinnygirl
Registered User
 
skinnygirl's Avatar
 
Join Date: May 2011
Posts: 46
Likes (Received): 2

Quote:
Originally Posted by axe2grind View Post
This reply took you over 2 months but is in keeping with the general delay attitude surrounding this project. I'll believe it when I see it and can walk into the hotel.

You have provided no less than 8 other guesses, predictions, logical analysis on the completion of PV and none have been remotely accurate, repeat NONE have been accurate.

If this project should be complete by 31st December 2013, and its a big IF, then it will be exactly 4 years and 3 months late. Thats absolutely nothing to be proud of and is exactly why 70% of the original investors in this development have stopped making payments and Emirates Sunland/Enshaa have been busily cancelling contracts at RERA and keeping all of the investors money and re-selling to new investors. Nice business if you can get it.

What I find staggering is that you know say that Enshaa have slowed completion in line with the infrastructure implementation by DPG. Well I think you have been moving at slightly quicker rate than that as DPG stopped 4 years ago and nothing has happened since end of 2008.

No details of how completion by this date have been provided by Skinnygirl so here are some more questions for her to provide answers to :-

1. Where is mains electrical power coming from?
2. Where is the air-conditioning coming from?
3. Where are the water, drainage and telephone services coming from.
4. Are all 169 hotel apartments going to be fully finished and ready for occupation?
5. Is the hotel going to be completed and ready for use?
6. Is the marina going to be completed and ready for use?
7. Is the boatyard going to be relocated?

The answers will probably come in another 24/7 article and we all be expected to believe it. Sorry to say it Skinnygirl but your credibility was shot a long time ago.
Axe, there you go again with all your negative views. Think positively, it's going to be Completed and the prices are starting to rise. A lot better than several other projects in Dubai.

If you really want to know the answers to all your questions above, why not call Enshaa? If you're an investor or potential investor they'll give you the answers. If, you're neither, well they will probably tell you to stop wasting their time.

No one is disputing that construction has been delayed but do you really believe investors would have been better off if they had been made to pay the full price two years ago when the market was at its lowest?

As I have said before, construction has been delayed because of the infrastructure delays. If you read the SAP (assuming you have one!?) you will see that Enshaa can't handover the properties until the utilities are connected and working. Therefore, they would have been pretty stupid to have continued construction and incurred the costs that go with it, if that meant they Completed two years before they could do the handovers.

So the good news is that Enshaa are obviously now confident that the infrastructures/utilities will be in place in time for the estimated handover at the end of this year. If you don't believe it then call Enshaa. It is not in their interests to to Complete without the utlities so why would they fool themselves?

You obviously don't like the situation but this is the reality and given the circumstances it's probably the best scenario for both the investors and the developer.
Or, perhaps we should pretend the crash in 2008 never happened and continue to stamp our feet like spoiled children?
__________________
I'll let you be in my dream if I can be in yours
skinnygirl no está en línea   Reply With Quote
Old February 11th, 2013, 06:32 PM   #31757
Bradpole
Registered User
 
Join Date: May 2012
Posts: 10
Likes (Received): 0

In Dubai on Lawns biusiness

Hi everyone,

I will be in Dubai on 18th and 19th February. Is anyone interested in meeting me to pool knowledge?

I have a meeting with DEC on 18th afternoon, so am hoping to have some real information after that.

David
UK tel. 0044 1308 538491
Bradpole no está en línea   Reply With Quote
Old February 11th, 2013, 10:12 PM   #31758
Superman_Saqran
Registered User
 
Join Date: Feb 2013
Posts: 20
Likes (Received): 2

Hi,
Does anyone knows how much to buy a studio flat at Al Saqran tower ?
Is it right the the completion has posponed till 2016?
Please advice

Thanks
Superman_Saqran no está en línea   Reply With Quote
Old February 12th, 2013, 02:24 AM   #31759
Parisian Girl
MONACO _ Côte d'Azur
 
Parisian Girl's Avatar
 
Join Date: Nov 2007
Location: PARIS - Monte Carlo - London
Posts: 17,380
Likes (Received): 2742

Nakheel's beachfront project on Dubai's Palm Jumeirah sold out

Quote:
By Parag Deulgaonkar | Published Monday, February 11, 2013



The 33 studio apartments in the Club Vista Mare, a beachfront residential and recreation project on the Palm Jumeirah, were sold out on the launch day itself with investors paying Dh23,000 per square metre.

Ali Rashid Lootah, Chairman, Nakheel, told Emirates 24|7: “We have sold all the 33 units that we had launched today (Sunday) as there is demand for proeprties on the Palm. Besides, these units were quite reasonably priced.”
http://www.emirates247.com/news/emir...02-11-1.494522
__________________
Je m'appelle Paris
Parisian Girl no está en línea   Reply With Quote
Old February 12th, 2013, 09:13 AM   #31760
Pleth
Registered User
 
Pleth's Avatar
 
Join Date: Sep 2007
Posts: 1,062
Likes (Received): 14

Quote:
Originally Posted by Parisian Girl View Post
However they are not allowed to use the beach before they pay even more.
And there will be a huge fat fence put up to make sure nobody can see the beach or enter the beach without paying.
__________________
Plet
Pleth no está en línea   Reply With Quote


Reply

Tags
dubai

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 12:29 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like v3.2.5 (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu