Mark Wallington's Blog: All Categories

Dubai real estate agents will be under stricter legislation now, thanks to new initiatives from the Real Estate Regulatory Authority (RERA) and Dubai Real Estate Institute (DREI).  These two bodies have created a new regulation in the property sector that will make it compulsory for all property agents in Dubai to possess the right qualifications to sell Dubai real estate.  With so many real estate agents operating in the market that do not meet the necessary qualifications, this new law will better protect potential buyers.

Real estate is a now one of Dubai’s busiest sectors, with so many residential and commercial projects on the market.  There are so many sellers in the market to go with all these projects, and many property buyers are not familiar…

The competition between developers across the Middle East is heating up as the announcements for new and taller skyscrapers to rival the Burj Dubai have appeared.  There has long been speculation about Nakheel, one of the largest developers in the UAE, building a project that will top other leading Dubai developer Emaar.  The Waterfront development, expected to be a huge new city of freehold residential and commercial projects, was predicted to be the key location for Nakheel’s iconic project.

The latest speculation is that Nakheel will be building a mile-high tower to beat the height of the Burj Dubai, the current tallest building in the world.  At a height of 636 metres, the Burj is already taller than any other skyscraper, and while the final height…

Thinking about buying a home in Dubai? With property prices set to increase during the summer months, and recent reports that property prices have escalated by an amazing 78% from the end of 2007, there really is no time to waste in buying a piece of Dubai real estate.  While the costs of buying a home in Dubai are soaring, thanks to the continual high demand for property, this does mean that buying now will increase the value of your property in a very short space of time.

Dubai properties cost millions right now and the boom continues. For most people this is seen as a huge investment, and if you are thinking that prices are going to start declining, think again.  Dubai, as well as neighbouring Emirate Abu Dhabi, is still facing a severe shortage of…

Property buyers need to be aware of all the implications of buying a property, so just like any other market, it is essential to know the restrictions on buying Dubai property.  Issues such as residence visas, and stipulations on renting an owned property are currently serious topics that potential buyers should know about before making any kind of investment.
The latest story form the Real Estate Regulatory Authority (RERA) is that buyers and current property owners need to be aware of visa issues when buying Dubai real estate.  Many property developers have been selling their properties through the promise of an automatic residency visa upon the purchase of a home.  While this will certainly entice a few investors, and overseas investors will certainly…

The Dubai freehold property market is always following a trend.  From luxury properties, to affordable developments and even one of a kind projects, there is always something new and exciting to keep investors buying and to maintain the property boom.  The latest trend in Dubai? Auctions.  While auctions are certainly not a common event in Dubai, this is just the latest idea from property developers to sell properties at what they see is the true market value and give owners another route to sell Dubai property.

The first major property auction took place on the 12th June at the Burj Al Arab, and was a huge success.  At total of Dhs 250 million was made in the space of just two hours, owing to the calibre of investors that attended on an invite only…

The Latest news from Emaar is that the Burj Dubai is set to be even taller than anticipated.  With the recent announcement that there will be around a eight to nine month delay on the release of the project, now expected in the third quarter of 2009, this is obviously down to the newly planned upgrades of floors and interiors.  While the Burj Dubai’s final height has been a much-guarded secret since the beginning of its construction, many people had thought that the tower had reached its peak already.  With this latest announcement, Emaar are looking to garner more attention for this record-breaking tower, to account for the delays in schedule.

It is expected that there will be an additional two communication floors added to the current number of floors…

If you are looking to pick up a hot property right now, then look no further than Elite 7 Sports Residence in the heart of Dubai Sports City.  This apartment development is the most recent launch to follow the previous Elite Sports Residences, and having been released just last week, now is the time to buy within this highly coveted development.  As a part of Dubai Sports City, a key part of the 3 billion square foot Dubailand development, you will really be living in the heart of Dubai’s new freehold district. 

Elite 7 Sports Residence offers so much more than just apartment living.  It has a whole range of facilities to go with the high quality, spacious apartments, including rooftop swimming pool, gymnasium, sauna and steam room, not to mention…

While the summer is usually the time when the property market slows down, think again this year. With such high levels of demand from the start of autumn when new residents flood into Dubai and current residents come back from their holidays, more and more property buyers are using the summer months to try to find the best deals for freehold property on the market before the prices go up.

If you are looking to buy a property in Dubai, now is the time to take action and choose a property.  The next few months are extremely significant in the Dubai property market, when property turnover lowers and the market cools slightly.  With more and more people realising that the market is going to stay in boom indefinitely, and that arrival of new residents will…