Mark Wallington's Blog: All Categories

The Burj Dubai has remained a beacon of light for Dubai developer Emaar during these gloomy months of the Dubai freehold real estate crash. Emaar has been particularly badly hit along with Dubai’s other developers, and has already been forced to make job cuts in order to deal with the drying up of demand amidst the very low investor confidence in the marketplace. With no plans to proceed with launching new investments during the rest of the year, as far as new property is concerned, Emaar like almost all other Dubai real estate developers is staying away from new construction and instead choosing to focus on the property that nearing completion.

Emaar has already finished a large number of towers at its large Downtown Dubai freehold development, some of…

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Jumeirah village will now be seeing the construction of Memon Investments newest freehold real estate project. Memon has recently announced it has started construction works, issuing a AED 2.4 million contract to the excavation company the International Foundation Group. The AED 150 million Gardenia I and II has received a good response despite the difficult times the Dubai real estate market now finds itself experiencing. With most Dubai real estate developers looking towards cancelling projects or at least putting them on hold for the foreseeable future, it say a lot for Memon that they are able to generate such interesting in the project and proceed ahead without any problems. Many developers have been pushed to the limits with the new restrictions and…

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As most of you know I usually blog about Dubai property and real estate as that's my market but this is something a little different, this is about Real Estate Webmasters or REW as they are better known as and the advantages of blogging on this amazing platform they give us the use of.   Like many of you I`m sure who blog here I had little understanding of what blogs were all about when I first started but one thing was for sure if Morgan Carey with his vast knowledge of Search Engine Optimization (S.E.O.) had developed it and was promoting this blog, there was probably a good reason why.   I made lots of mistakes when first starting up you know the old "duplicate content issue" etc and blogging the same content on different blogs, however… Read Full Post

With the Dubai freehold property market witnessing hard times, some investors are becoming increasingly frustrated with their dealings with Dubai developers. The explosion in new Dubai property a few years back saw a large number of developers jump on the Dubai property bandwagon, as Dubai real estate become a global phenomenon. With so much going on at the time, there was little in the way of regulation to ensure only developers with the necessary means to see property projects all the way through, were allowed to market projects. When all was well with Dubai properties, this went largely unnoticed, as property developments pretty much sold themselves, such was the large demand for Dubai freehold real estate. However the Dubai property market crash…

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We will shortly be introducing a new system on Dubai Property Portal where we will be listings International Property from all over the World on a dedicated page. I have been contacted on numerous occasions by agents, owners and REW members from overseas looking to list their property in Dubai and the Middle East.

Being the regions number 1 property portal it made sense for us to broaden our horizons and allow others to list with us, we also wont be working on a commission basis it will just be on a flat fee for advertisement, if you are interested in our rates you can contact us on the link below for more information or questions you might have.

As you may know the United Arab Emirates and Dubai is a very affluent Country with lots of people on high…

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The Dubai real estate courts are starting to mean business if the most recent ruling to be announced is anything to go by. The latest problem to make the news involves Law No 13, which states that all off plan property that is purchased needs to be registered at the Land Registry Department within 60 days of an agreement being made. If a developer fails to register the property within the 60 day time period, the deal is thus considered void, as Mizin Properties has now found to its cost. At a time when developers are failing to attract freehold property buyers’ with falling property prices and difficulty obtaining credit, the last thing a developer need is to be losing property deals it has already closed on. However this now looks to be the situation…

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Dubai property is having a pretty rough ride at the moment, with a lot of negative press about Dubai property currently filling the airways, and plenty of dissatisfied investors. Whilst it is wrong to think Dubai property and Dubai developers as a whole have come into problems, there are still large sectors of the market that leave a lot to be desired. And it is this that has really hurt investor confidence in the underlying principles of the Dubai real estate property market. As a result of this negative publicity, rampant property speculation and the world global financial crisis, residential property in the Dubai freehold real estate market has seen prices in some developments decline by as much as 50%, and estimates say the market as a whole has…

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Small bits of news from around the Emirate. Emaar, the developer behind the iconic Burj Dubai and Downtown Dubai project has denied it is to make immanent job cuts in order to deal with the property downturn and reduced demand for Dubai real estate. The company has already laid off an unspecified amount of employees, its reaction to the start of the property price crash back in Q4 2008, but says it does not at present plan to axe anymore jobs from its 2500 Dubai based workers nor its 2500 employees abroad. As the largest developer in the Middle East, and one of the major players in the Dubai freehold property market, the company has been particularly hard hit by the Dubai property price crash. Q4 last year, saw the company make a AED 1.77 billion loss, due…

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