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Overseas Property News
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The UAE debate goes on
Country: UAE
24 October 2008
Will the UAE be affected by the global financial crisis? The debate has been going on for months. The growing projections of property price falls and an oversupply of homes continues to be discarded by many.
The latest person to come out and deny any signs of a UAE property market downturn, in light of the global credit crunch, is Saif Mohammad Al Midfa of Expo Centre Shariah. He points to the fact that the property market in Sharjah, the third largest emirate in the UAE, remains a mature one and consequently construction projects remain unaffected by worlds’ financial woes.
Al Midfa commented: “Though the inflow of foreign capital might have slowed down, regional as well as local investment in the sector continues to remain strong and this will propel the sector to greater heights.”
The UAE’s construction sector grew by over 25% in 2007 from £8.2bn to £10.2bn, according to figures released by the UAE Central Bank.
Some properties in UAE
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Price: £41,375 GBP
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Type: Apartment
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Bedrooms: 1
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· Ajman, UAE
· Emirates City
· Ajyaal Residence
· Facing Emirates Road
· 1 BR + Balcony
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View details | Enquire further
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Price: £162,772
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Type: Apartment
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Bedrooms: 1
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £181,616
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Type: Apartment
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Bedrooms: 1
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Considered the tallest residential tower in the world, The Princess Tower is being constructed on a 37,410 square feet plot in the Marina area, known to be one of the most exclusive and prestigious areas in Dubai.
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View details | Enquire further
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Price: £264,880
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Type: Apartment
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Bedrooms: 1,2,3
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DUBAI GATE 2
JUMEIRAH LAKE TOWERS
1 BEDROOM PLUS DINING ROOM
18TH FLOOR FANTASTIC VIEWS
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View details | Enquire further
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Price: £271,881
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Type: Apartment
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Bedrooms: 2
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £299,300
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Type: Apartment
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Bedrooms: 1
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· Project: The Fairways
· Developer: EMAAR
· Tower: T1 / West
· Type: 1 BR
· Suite area: 709 Sq ft
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View details | Enquire further
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Price: £435,654 GBP
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Type: Apartment
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Bedrooms: 3
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This luxurious 3 Bedroom apartment is a distress sale and is offered below market price.
Located in one of the prime Towers in the most sought after location in Dubai – O2 Residence in Jumeirah Lake Towers<
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View details | Enquire further
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Price: £731,763
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Type: Apartment
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Bedrooms: 3
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Prague market growing at 20% pa.
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