Sandcastles: Dubai Property Press Releases

A slight slowdown of rental growth during the first half of 2008 will not last for long, according to Dubai property experts. In a recent report by Asteco, one of the UAE's largest property services firms, rental growth in the 12 months to June this year has been a modest 22 per cent, with the vast majority of this growth occurring in the last half of 2007. Andrew Chambers, the managing director of Asteco, said the slowdown in residential rents in Dubai property, first observed at the start of the year, continued from April to June. "No significant residential rental increases were observed over the past three months," he said. ...

Initial discussions have taken place looking at the feasibility of extending the Dubai Metro to neighbouring Ajman. The plans, still in the early stages, would be welcome news for investors looking to buy property for sale in Ajman. According to the proposal, the Ajman Metro extension would pass through Emirates Road to Al Corniche in Ajman. From there it will go to Al Zawra and then onto new investment areas currently under development. Sheikh Rashid bin Humaid Al Nuaimi, Chairman of Ajman Municipality and Planning Department ...

As real estate in Europe and the US heads towards a prolonged downturn, property prices in Dubai are heading in the opposite direction on the back of the surge in crude oil prices around the world, with prices of property for sale in Dubai rising by over 75% during the first half of 2008. Oil prices have gone up by almost 50% in the first half of 2008, compared to 57% during all of 2007, with current prices around $145 a barrel, compared to just $60 a barrel in early 2007. Goldman Sachs are forecasting oil prices will rise to between $150-$200 a barrel over the next six to 24 months, increasing the likelihood that the property ...

Investors are looking to take advantage of property for sale in Ajman following the introduction of new property laws in the emirate state. Recently, His Highness Shaikh Humaid Bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, issued Amiri Decree No 7 and 8, 2008, to regulate the emirate's land and properties sector, making it more attractive for foreigners to invest in Ajman property. The new legislation, aimed at strengthening confidence in the real estate market, will allow foreign nationals to purchase ...

Dubai property developer Nakheel has just announced a joint venture with Dubai Islamic Bank (DIB) for a 2 billion-dirham ($544.6 million) property venture in Dubai. The new firm, Tashyed, will release plans for two new projects in Dubai within 6 months. One will be residential project in Dubai's International City and the other, a lake-front residential development in Jumeirah Heights. The land for both schemes is already owned by Nakheel. Nakheel is a subsidiary company of state-owned ...

Dubai-based Sandcastles property has reported record interest in the Meydan City and Racecourse development. Just seven kilometres from the Dubai International Airport and a five-minute drive from Sheikh Zayed Road, Burj Dubai and Dubai Festival City, Meydan City is tipped to become one of the best locations to buy property for sale in Dubai. Consisting of commercial and residential Dubai property for sale with canal, waterfront and ...

Dubai Marina Yacht Club is scheduled to open for business in the next few weeks, attracting boating enthusiasts from across the region and beyond. The man-made marina, one of the largest in the world, has been developed by Emaar Properties at a total cost of $1.2 billion. Dubai Marina will eventually be home to between 80,000 and 100,000 residents and Dubai property portal, Sandcastles-property.com, currently has over 260 properties listed for sale in ...

Dubai-based property portal, sandastles-property.com, has increased the selection of residential and commercial Dubai property for sale on their website. The total number of properties for sale in Dubai, including off-plan residential apartments, villas and townhouses, as well as commercial property and land plots in Dubai is now over 1900, with a further 200+ properties currently listed for sale or rent across the other Emirate states. ...

Dubai's leading property portal, sandcastles-property.com, is adding a new blog section to their website. The regularly updated property blog will allow Dubai property investors and holiday home buyers alike to keep up-to-date on the very latest Dubai property news, research, statistics, new developments and market analysis. Users will be able to subscribe to receive the latest Sandcastles property blog by email. With an ever increasing portfolio of property for sale ...

Cityscape Abu Dhabi 2008, the international property investment and networking event will take place at the Abu Dhabi National Exhibition Centre from May 13-15. The Cityscape event brings together regional and international property investors, architects, designers and property developers involved in the design and construction of commercial and residential property or sale in Abu Dhabi, Dubai and other Emirate countries. The event is a key date in the calendar for Sandcastles-property.com as Abu Dhabi is currently the ...

A new $55 billion eco town is to be built in the centre of Dubai. The project, which aims at preserving the environment and increasing greenery in Dubai, was launched by UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum. The new Dubai property development, named the 'Shaikh Mohammad Bin Rashid Gardens', will be located between Al Khail Road and Emirates Road on a plot of over 850 million square feet, about 73% of the development will be dedicated to green and open spaces and 10% will be allocated to waterways. In January 2008 the Prime Minister issued ...