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Dubai creates price index for properties
Dubai's real estate Regulatory Authority on Wednesday announced the emirate's first residential and commercial rental price index. The commercial index provides the average rental rates for properties, based on road conditions, public parking, location, air conditioning, view and age of the building. Rental prices for residential properties are less clear. Properties are divided into apartments and villas, and are based on the size of the building only and no other criteria, reported Gulf News.
ameinfo.com Thursday, January 15, 2009

Tiger Woods Dubai completes bulk earth works
The Tiger Woods Dubai, a member of TatweerTatweer Dubai, today announced it has successfully completed bulk earth works at the 55 million sq. ft. golf community development, enabling the project to progress to the next phase of construction. All remaining bulk earth works are now complete on the road network, commercial buildings, residential plots and Al Ruwaya Golf Course. The resulting effects on Al Ruwaya Golf Course, Tiger Woods Design's first project, is typography, with elevations reaching an 78 meters above sea level, including a difference of 29 meters between the lowest point, the lakes, and the highest point.
ameinfo.com Thursday, January 15, 2009

Sorouh to build affordable housing project in Abu Dhabi
Sorouh real estate, Abu Dhabi's second-biggest property developer by market value, is planning an 'affordable housing' project in the emirate to tap into the underserved market in the emirate. Gurjit Singh, Sorouh's chief property development officer, told Bloomberg said the plan 'is currently on the company's drawing board'. Sorouh has more than $13bn of projects under way in the emirate.
ameinfo.com Thursday, January 15, 2009

Dubai prices to fall 'until Q3 2009'
Speaking on a panel of industry experts at the monthly meeting of the Dubai Property Society, Sherwoods Managing Director Iseeb Rehman predicted that Dubai property development prices are likely to continue falling for a further six to nine months. They will then bottom off between mid-2009 and the end of the third quarter and hold for 12 months before beginning to rise again.
ameinfo.com Thursday, January 15, 2009


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