Tag Archive for 'dubai-real-estate'

Residency visa for home owners

There have been a few positive developments in the badly affected real estate industry in recent days. 

According to Arabian Business, a new federal law will be soon introduced which will grant freehold property owners six month renewable residency visas. This will certainly help end users. With the current economic climate, there’s no point in buying [...]

Dubai has done it again. A new project by design house Palazzo Versace in Dubai has made headlines around the world. The AED 3 billion luxury resort to be built in Culture Village will have the world’s first climate-controlled beach for the hot summer days when temperatures easily go over 40C.

Experts from Investment Bank Morgan Stanley claim that research indicates the new flood of apartments to hit Dubai may cause prices to plunge by upto 10% by as early as 2010.
The National also included this in it’s news report:
Dubai property prices have soared 79 per cent since January last year, fuelled by a growing population [...]