Overseas Property Investment

The most recent uae 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, [...]

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 [...]

Progress toward recovery in the housing market has not been uniform, with Asia the clear winner, and the UAE and Eastern Europe lagging far behind. While the majority of world markets reported residential deflation for 2009, the most recent quarter reversed that trend, with the US, UK, Canada and Germany…

Although the most intense phase of the economic crisis is now over, and with the property market in the UAE having recovered much of its confidence in the last year, the latest research demonstrates that there has been a decline in both sales and rental values in most sub-sectors of the property market. This is [...]

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 — Indian property developers expect bigger post event sales as a large number of Non-Resident Indians, NRIs, visit IndiaHome, an annual real estate event in Dubai, concluded 
on Sunday.
Around 18 prominent builders from across India showcased their projects during the three-day event for the Indians working in the UAE.
Organisers of IndiaHome claimed over 5,000 [...]

BANGKOK: Malaysian contractors, who secured 155 projects overseas worth US$15.57 billion (RM53.5 billion) in the past three years, have won another 16 projects valued at US$1.06 billion (RM3.6 billion) so far this year.
Master Builders Association of Malaysia (MBAM) secretary-general Yap Yoke Keong said the Construction Industry Development Board of Malaysia (CIDB) records showed that 2006 [...]