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Emaar to lead Dubai`s financial market and property sector turnaround

Emaar Properties stocks have recently recorded the best month in three years, hinting at an imminent turnaround in Dubai`s financial market as well as the underlying economy.

The Emaar blue chip, considered a bellwether for the Dubai financial market and the emirate`s property sector, was seeing increased demand following results exceeding the market`s expectations as well as an overall improved market sentiment.

James Johnstone, London-based co-head of emerging and frontier markets at RWC Partners LLC, commented: “We think the UAE has reached the bottom of its real estate cycle. We have been using that opportunity to reduce some of our Saudi holdings and reallocate it back into the UAE property stocks that are very cheap and attractively priced.”

Emaar to lead Dubai`s financial market and property sector turnaround

#dubaiproperty property-blog-dubai dubairealestate

Knight Frank`s recent „Wealth Report“ is an interesting read, analyzing inter alia movement of UHNWIs, flows of capital and the development of property prices around the world.

Interestingly, deflating asset prices witnessed during the past years now place Dubai in one of the most attractive positions in terms of relative values. As per the Knight Frank researchers, 1m USD will buy 143 sqm of property in Dubai, compared to 73 sqm in Berlin and 16 sqm in the top ranked Monaco (end of 2018).

property-blog-dubai.com/single-post/Dubai-luxury-property-UHNWIs

#dubairealestate #dubaiproperty #uhnwi #knight frank

In line with the success of AirBnB, the number of holiday homes in Dubai has greatly increased during the recent past.

A recent Knight Frank study established that the AirBnB option is becoming increasingly attractive for Dubai property owners, outperforming hotel rates by as much as 64% (YTD June 2018).

#airbnbdubai airbnb dubairealestate propertydubai investmentproperties

An article in "Arabian Business" looking at factors which could induce a quicker than expected turnaround for Dubai`s real estate market.

As per a recent „Arabian Business“ article and contrary to common sentiment, Dubai´s property market could soon face a supply gap on the back of low delivery materialisation rates and increasing demand.

Considering Dubai`s property market has seen substantial rental and valuation declines for as much as four years, such an analysis seems far off to many.

However, apart from the reasons mentioned, a variety of influencing factors could indeed induce a faster than expected market swing, including higher government spending, witnessed oil price recovery and increased job creation pre Expo2020.

#dubai-property #dubairealestate

As per a recent Cabinet decision, the UAE will offer retiree visa to qualifying individuals. A broader view on what this is likely to evoke.

As per a recent Cabinet decision, the UAE will offer retiree visa to individuals qualifying with respect to certain wealth and income criteria.

This decision will tempt some expats to stay in Dubai after finishing their career in the Middle East – especially if their locally raised offspring are here to stay.

However, contrary to the claims of some overly optimistic observers, the forthcoming rules will not be a game changer in terms of property demand as the concerned individuals are few.

In fact, the decision has to be seen in a broader context and as a complement to the host of easements announced earlier in 2018 (10-year visa, 100% business ownership etc.).

#dubaiproperty dubairealestate

Is Dubai`s property market due for a turn-around? An interesting Gulf News article and my reflection on it.

An interesting view on the medium-term outlook of Dubai`s property market.

Although I agree with the author that there`s increasing demand ahead pre- and post expo, I doubt that the relevance of prospective 100% company ownership and 10 years visa has been fully absorbed within the market. Much rather, it seems likely that the positive effects of these policy changes will bear fruit at a later point in time, especially if the government stays the course and complements the previous measures by further changes for the better.

While the first signs of improved end-user sentiment and demand augur well, it is the increased institutional investor activity which suggests the imminent onset of a new cycle.

#dubaiproperty dubairealestate dubaipropertyinvestment

Dubai`s short term rental segment offers opportunities for the savy property investor, especially pre Expo 2020. The article examines the influencing factors.

The article explores the opportunities arising from Dubai`s soaring tourist industry - leveraging AirBnB and other marketing tools - against the background of substantially reduced property prices.

#dubaiproperty #dubairealestate #dubaitourism #property investment

The Dubai government`s April announcement to implement numerous reforms is increasingly replaced by results, boosting confidence and demand in Dubai.

Following the announcement in April to implement comprehensive measures to boost the Emirate`s economy, the government seems to be determined to deliver.

As a first course of action, fundamentally changed visa rules and the liberalisation of the onshore commercial sector were adopted in May.

#dubaieconomy

In May 2018 the UAE announced legislatory reforms, making specifically Dubai more attractive to skilled professionals and business and property investors.

The UAE government has recently announced major legislatory reforms which will have profound impact on Dubai`s property market specifically but moreover the UAE as a destination for foreign direct investment (FDI).

The article delivers the readily available facts and offers an outlook on the long-term effects.

#dubaiproperty #fdi #bri

The UAE has announced substantial changes to the visa regulations for expats and investors, bearing great potential to boost Dubai`s property market.

The UAE`s legislative move to allow foreign investors 100% ownership in local businesses, announced on the 20.05.2018, had been eagerly anticipated by the community and therefore came as no surprise.

The second announcement to thoroughly reform the UAE`s visa laws however, is just shy of a revolution. As per the new laws, visa of up to ten years will be granted to investors and highly qualified professionals. The latter change had been all but foreseen and should increasingly attract foreign direct investment as well as exceptional talent, especially to Dubai and Abu Dhabi.

More: https://www.property-blog-dubai.com/single-post/Residency-changes-Dubai-property-sector

#dubaiproperty dubairealestate dxb

Dubai`s DTCM has signed up with Alibaba group`s fliggy to boost tourism demand from mainland China.

Dubai Tourism and Commerce Marketing (DTCM), the emirate`s governmental body for the development of tourism and hospitality has signed a strategic partnership with Alibaba`s major online travel platform Fliggy.

The move is anticipated to greatly increase Dubai`s exposure to Chinese travelers by effectively showcasing Dubai`s tourism proposition and rolling out targeted marketing compains to Fliggy`s client base.

https://www.property-blog-dubai.com/single-post/Dubai-boost-Chinese-tourism-numbers

#dubaitourism dxb

The Dubai Land Department as the Emirate`s governing body overseeing property transfers now also allows for registration and execution of so-called deferred sal

The Emirate of Dubai now also allows for registration and execution of so-called deferred sale agreements, useful especially for institutional property investors. The article highlights the concept, applications and requirements.

#dubaiproperty

A recent survey by the ACCA shows a sharply-rising business confidence for the Middle East region, reaching levels unseen since 2015.

According to the latest Global Economic Conditions Survey conducted by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA), business confidence in the Middle East region has rebounded to its highest level since almost three years. ...

The UAE and the government of Dubai have launched a set of new policies aimed at strenghtening the economic growth.

In a new push to adopt policies conducive to increasing Dubai`s economic growth, the Emirate has proposed a set of draft laws which will are to strengthen entrepreneurial activity and demand across a number of economic sectors.

One of the initiatives will allow the fractional ownership of properties within Dubai, thereby potentially boosting investment especially into holiday properties. Along with this goes the recent UAE cabinet`s decision, adopting a policy to enable transiting passengers going through the Dubai and other UAE airports to enter the country for a stop-over visit.

#dubaitourism #dubaiproperty

How escrow accounts protect the interests of off-plan homebuyers and what to expect from recent regulatory changes.

An interesting article about the concept and workings of escrow accounts used to protect buyer interests in off-plan projects in Dubai (and recently Abu Dhabi).

More newsworthy however is the recent further tightening of requirements pertaining to off-plan sales in Dubai, now requiring private developers to reach a 50% mark (before: 20%) of project completion before a project can be launched for public sale.

#propertydubai #dubaioffplan

The article discusses available REIT options in the UAE and Dubai today, giving insights into pertinent regulation, advantages and limitations.

My latest article (first published in the Spring issue of the „Family Office Magazine“) discusses available REIT options in the UAE and Dubai today, giving insights into pertinent regulation, advantages and limitations.

#dubaiproperty #propertyinvesting #realestate

In Mercer`s recently updated Quality of Living index, Dubai defends its 74th rank, making it the most attractive city for expats in the Middle East and Africa r

In Mercer`s recently updated Quality of Living index, Dubai defends its 74th rank, making it the most attractive city for expats in the Middle East and Africa region for the sixth year in a row.

With major efforts being taken to further enhance the city`s infrastructure ahead of Expo 2020 as well as in consideration of the steps taken to improve its position for medical expertise and namely tourism within the region, it seems more than likely that Dubai will also fare well in the index` future updates.

#Dubai DXB

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