Before you Buy Property in Dubai Check the Market Status

Apartments, villas and suites constructed by some of the most prominent property development houses in the UAE are listed in the SkyDome Properties directory- Nakheel, Damac, Eternal Star, Emmar and Rak to name a few. 

These houses and UAE commercial properties speak of quality construction and engineering and can prove to have high returns in the future largely due to the location in which they are constructed. However, as an investor there is one vital factor you need to observe before making an investment. 

Consider the Dubai real estate investment market for the past decade. It will help you decide how to allocate your funds and determine the best time to buy property in Abu Dhabi or elsewhere in the Emirates. 

Veteran real estate investors may be positive about the Dubai property investment market, but it would be fool hardy to risk money without understanding the dynamics dictating such a situation. You might as well rent UAE properties (the rents have cooled down lately). 

Dubai real estate investment professionals are already predicting a shaky year for property investment in Dubai and from the look of things, Abu Dhabi properties could suffer as well. 

So before you get excited about the low price of many UAE properties, take time to get a professional opinion and make your decision accordingly. SkyDome Properties can help you out with market analysis, mortgage options and property selection besides helping with a host of different issues first-time homeowners face. 

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Real Estate Tribunal In Dubai - New U.A.E. Properties Development?

The Real Estate Regulatory Authority (Rera) of Dubai is redoubling its efforts to streamline the Dubai real estate investment sector. Predictions and Barack Obama’s winning strategies aside, 2009 seems like a good year for change in the U.A.E. real estate segment. 

Rental rates for instance, are required to be fair to renters as well as proprietors and Rera is doing all it can to establish this balance of prices. The chief of the Rera even went as far as stating that rent caps are unnecessary for this year. 

On the Dubai property investment front, Rera enforced an order that prohibits developers and banks from accepting more than 20 percent of the payment from parties who want to buy property in Dubai earlier in the month. This has come as a welcome step for many interested in buying properties in Abu Dhabi as well as Dubai. 

While a Property Court and Real Estate Development Trust Account Department has already been up and running, Rera plans to introduce a property agents committee, developers committee and an evaluators committee. 

The body is leaving no stone unturned where construction and property investment in Dubai is involved. A website for registration of tenancy contracts too has been set up, to ensure proper monitoring of the various property deals. In light of all these reforms, a real estate tribunal for the city-state does not seem far behind. 

Get in touch with established consultants for buying properties in Dubai as they can help you out with the legalese known to accompany property deals. The professional help can aid you greatly as you wait for the reforms to take shape. 

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U.A.E. Properties Go Green, Investors See Green

At the 14^th annual energy conference at the Emirates Centre for Strategic Studies and Researches in Dubai, Dr. Mohammed Gargash- the Foreign Affairs Minister of State stated that 40 MW of energy would be required to satisfy the U.A.E.’s local needs by 2020. 

Nuclear energy is just one of the solutions proposed to fulfill this demand.

The government, thankfully, is thinking of more alternatives towards curtailing its carbon emissions, one of them being in the U.A.E. properties development sector.

From the seven Emirates, U.A.E. properties for sale in Sharjah are the first to consider implementing green elements. By 2009, rules pertaining to water conservation and management, use of eco-friendly building materials and solar energy generation should take root in the U.A.E. properties sector.

Most residential and commercial property in Dubai consume nearly 70 percent of power. If the Dubai government too considers using environmentally friendlier construction methods and materials, then this level could see a significant reduction.

There are already scattered commercial and U.A.E. residential properties in Dubai making an honest attempt. The Traffic and Patrol Department in the Ministry of Interior’s attempts at controlling traffic congestion and curtailing accidents is viewed as a complementing contribution that would benefit Dubai’s green efforts in the long run.

It remains to be seen whether U.A.E. commercial properties in areas like Dubai, Abu Dhabi, Ras al Khaimah and the like follow Sharjah’s lead and embrace green development. Buying properties in Dubai will no doubt be a more attractive proposition for real estate investors and buyers.

Constructing In Bahrain The Best Among U.A.E. Properties

This statement comes straight from the World Bank and the International Finance Corporation in their annual report Doing Business 2009.

The Sultanate of Bahrain is viewed as another oasis in the Middle East and the U.A.E. properties market largely due to the significantly lesser procedures involved, and the reduced time it takes to obtain a building permit for construction. 

Sadly, Dubai does not figure anywhere on this list. Nonetheless, far from being a setback, there are definite plus points to be enjoyed in a Dubai property investment.

Take the recent real estate laws and regulations that were passed in Dubai. These rules place tremendous responsibility on the developer to deliver as promised on the purchased property, in the absence of which investors can rescind their registration.

Developers in turn can bestow residency visas to the party making a Dubai real estate investment with them. The authorities maintain that such measures not only reduce the processes and paperwork involved, but also ascertain that some degree of responsibility on the developer, investor as well as the broker is recognized.

The government is doing all it can to increase ventures for investment property in Dubai, and such balance of power should put Dubai on the next Doing Business list.

Regardless of the current economic situation, there are some fantastic opportunities for property investment in Dubai. Do not contact your nearest dealer to avail of them though, get in touch with an expert in U.A.E. properties for sale.

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