Overseas Property Investment

The most recent emirates property investment news from a variety of international property news sources.

DUBAI: Dubai’s housing rout sent prices down 52% in the past year, prompting some homeowners to abandon their cars and mortgage payments and flee the country. Not one received a foreclosure notice.
Barclays Plc won the sheikdom’s first foreclosure cases in court, clearing the way for lenders holding about US$16bil of Dubai home loans to take [...]

Having been dropping like a stone thanks to the global economic crisis, Dubai property prices have finally risen again, according to real estate consultancy Colliers International – by 7% in the third quarter. This is the first rise since the emirate’s property market crashed at the end of 2008. Investors who bought during the boom [...]

Fireworks light up, Burj Khalifa , the world’s tallest building during the official opening ceremony in Dubai, United Arab Emirates, Monday. (AP Photo/Kamran Jebreili)
DUBAI, United Arab Emirates: Dubai opened the world’s tallest skyscraper Monday in a blaze of fireworks, then added a final flourish: It renamed the tower for the head of neighboring Abu Dhabi, [...]

Emirati men walk past Burj Dubai — AFP
DUBAI: Started at the height of the economic boom and built by some 12,000 labourers, the world’s tallest building opened yesterday in Dubai as the glitzy emirate seeks to rekindle optimism after its financial crisis.
Burj Dubai, whose opening has been delayed twice since construction began in 2004, marked [...]

A labourer works at Burj Dubai in Dubai. — Reuters
DUBAI: The soon-to-be-opened Burj Dubai is entering the record book as the world’s tallest building and sharing this honour, is Malaysian structural steel construction firm, Eversendai Corp.
According to group managing director Datuk A.K. Nathan, the final 260m of the soaring tower was an all-steel structure, and [...]

The Gulf city state’s debt problems offer an important lesson – unpredictable, unsustainable and unclear policies are a no-no.
After two difficult years, most come away with the thought that financial markets the world over should have stabilised. Sure, the extraordinary steps taken to stop the panic resulted in flooding the global system with trillions of [...]

DUBAI: Dubai will pay its massive debts and will go ahead with its ambitious development projects, the emirate’s ruler Sheikh Mohammed bin Rashid al-Maktoum told an economic conference yesterday.
The economic crisis “will not deter Dubai’s ambitions of implementing its development plans and will not divert it from its leading position and will not (keep) it [...]

DUBAI: LCL Corp Bhd will shift its focus to bid for more interior fit-out (IFO) contracts in cash-rich Abu Dhabi, after the completion of IFO jobs in major projects like Atlantis The Palm Hotel, Dubai Metro System, Dubai Mall and Dubai Marina Hotel in Dubai, said group managing director Datuk Low Chin Meng.
Given the current [...]

By the end of Q2 2009, falling s Dubai and Abu Dhabi property values have slowed down significantly and prices were on the rise again in many areas. Consolidation beams on the horizon as value investors that had been dormant in wait of market changes since Q3 2008 are resuming activities in the market. The [...]

Domestic interest in Malaysian property is now higher compared to that from overseas in contrast to a year ago, an analysis by thinkproperty.my showed.
The property website had analysed its visitor traffic data over the last three months and compared it with the status last year.
The data is pertinent because in 2008, 82.7 per cent of [...]