Homes Go Fast

PROPERTY SEARCH

Homes Go Fast

 

Find Overseas Property Agents

UK Property for saleMember Login Overseas Mortgage quote hereForeign Currency

Free News By Email

     Subcribe to property news

    

Enter your Email


Preview | Powered by FeedBlitz

 

    

Homes Go Fast

Property Sales Enquiry Line

For UK Residents call free on:

0800 043 00 96

For visitors out of the UK call:

+44 207 099 33 92

*property references are required

 

Homes Go Fast

Dubai property executives tell all about housing market

News Sponsored by The Coral Lake & Beach Resort

Unbelievable prices at award winning resort

The Coral Lake & Beach Resort

 
Speculation about the bubble bursting in the Dubai real estate market owing to oversupply has led to concerns by overseas property investors. In 2010 the number of homes in the region is set to double to 530,000. The commercial sector is also expanding at a rapid rate with office space set to triple, so who is going to buy all this real estate? Dubai Property Executives explain how Dubai is as good as it gets with a huge future for investors in Dubai property.
 
Recent interviews with some of the most influential leaders in Dubai real estate reveal a completely different perspective. The July 07 edition of Estates Gazette Magazine www.estategazettesgroup reports on the views of executives from Jones Lang Le Salle, Nakheel and Dubai Properties.
 
Nakheel Chief Executive Chris O’Donnell ‘People do get a little concerned about Dubai, thinking we are just building and hoping we will sell the product on completion. But we sell product prior to starting construction. Everything you see at Palm Jumeriah has been sold” The Australian born CEO goes on to explain that his company will not commence a project until it has reached a threshold percentage that gives them a cash flow to enable them to build.
 
 Property Developers Dubai Properties Chief Executive Mohammed Binbrek “We do not begin until the units are sold and then we ask for a 70% deposit.” When asked if he thought the Dubai market would crash with so much construction he replied “ Around 40% of the population is under 20 add this factor to a population that is growing it implies much more houses.
 
Jones Lang LaSalle executive Mark Thomas specialises in the residential market his response to worries concerning over supply was “We are asked that every day the answer is that demand from overseas is still coming. What has happened is price appreciation has slowed from 30 to 40 per cent to 10% per year. Land sale prices are holding up and are active”
 
Nicholas Marr CEO of international real estate portal Homesgofast.com “Dubai remains an exciting place to invest with huge potential. The market is no where near its peak; you just need to see what is planned for Dubai. A new giant airport, the worlds tallest buildings, a business area bought out by multi national companies, the worlds first sports city, theme parks set to challenge Disney in Florida to name but a few. International investors have largely paid cash for their Dubai Property and this makes them more resilient than in most markets.”
 
Dubai property for sale
Dubai bespoke finding service
 
 The current rental yields on Dubai real estate are high by global standards at 7-10 per cent which reflect the fact that this is a new and immature market. In the long run a return to rental yields more in line with comparable international markets should be expected.
 
 

                                                                                                                                               

  © International Property News by HomesGoFast.com

 

Overseas Property For Sale in Dubai

Main Image

  Dubai

GBP 130,000

he Lago Vista towers are 18 floors

View More Details

Homes Go Fast
Main Image

  Dubai

GBP 165,240

West Wharf is set in a premier

View More Details

Homes Go Fast
Main Image

  Dubai

GBP 150,000

This 21st floor, 922 sq ft, luxury

View More Details

Homes Go Fast
Main Image

  Dubai

GBP 190,000

A luxurious oversized one bedroom

View More Details

Homes Go Fast
Main Image

  Dubai

GBP 389,564

JASMINE GARDENS PART OF THE WORLD

View More Details

Homes Go Fast
Main Image

  Dubai

GBP 89,000

DUBAI PROPERTY INVESTOR WARNING!

View More Details

Homes Go Fast
Main Image

  Dubai

GBP 190,000

The Pad is the first cybertecture

View More Details

Homes Go Fast
Main Image

  Dubai

GBP 67,500

Freehold Studio Apt app 506sq

View More Details

Homes Go Fast
 

Other Overseas Property Destinations...

  Spain   France   Portugal   Bulgaria   Turkey   Cyprus   Greece   Italy   South Africa   Croatia   Egypt   United States   Morocco   Germany   Dubai   Dominican Republic   Hungary   Cape Verde   Brazil   Thailand

 

 

Find overseas property

Real estate guides, luxury homes, property news, investment properties, real estate agents & advice for buying property abroad.

 

Africa and the Middle East 

Americas
Bahrain Cape Verde Dubai  Egypt Argentina Belize Brazil Canada
Gambia Jordan Mauritius Morocco Costa Rica Mexico Nicaragua Panama
Qatar Saudi

South Africa

Tunisia Paraguay Uruguay Venezuela USA

 

Asia Pacific    

Caribbean
Australia Cambodia Fiji India

Antigua

Anguilla Barbados Bahamas
Indonesia Japan Malaysia New Zealand Caymans Dom Repub Grenada Guadeloupe
Philippines Thailand Jamaica Antilles St Kitts St Vincent
        St Lucia Turks Caicos Trinidad Virgin islands

 

Central and Eastern Europe

Western Europe
Albania Bulgaria Croatia Czech Rep Austria Cyprus Finland France
Estonia Hungary Latvia Lithuania Germany Gibraltar Greece Malta
Poland Montenegro Romania Slovakia Netherlands Italy Ireland Portugal
Slovenia Turkey Ukraine Spain Sweden Switzerland UK

 

 

 

 

 

Homes Go Fast